![Must-Read Starter For June 2009]()
by Art Smith
For those of you who are paying attention to the headlines, General Motors is officially filing for bankruptcy protection, but the kind that only you and I could dream of being provided (could be a nightmare). The US government is going to become a 60% owner of the company... yup, a controlling interest.
Goodbye capitalism. At least for GM. And anyone that still owns a Chevy, Caddy, or some other GM vehicle.
On the positive side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government's activities.
On the negative side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government's activities.
The Press, those ready to speak the Truth, have finally seen the direction the government is going for what it is.
Okay, only one member of the Press.
Okay, it's the Russian Press.
That's right, Pravda, the state sponsored news agency, provided an incredibly insightful assessment of [...]
by Art Smith
When James Madison and friends put together the Constitution, one of the key things they endeavoured to do was ensure that the Chief Administrator (President) did not have the power of a king. After all, we had just fought our tails off for the right to not have to be subjugated by King George, and as such provide sovereignty to the people and not the President.
I say this in preparation for something that Valerie Jarrett, co-chair of Obama's transition team, said on Meet The Press yesterday:
"Given the daunting challenges that we face, it is important that President-elect Obama's prepared to really take power and begin to rule day one."
DavidL at BitsBlog takes this at face value, which is not in the least unfair. He characterizes this [...]
