Tuesday, November 18, 2008

Headlines: November 18, 2008

BRIDGES TO NOWHERE: THE PUBLIC-WORKS SPENDING TRAP

'No' to Obama's experimental government

"What you see in FDR that I hope my team can emulate is not always getting it right, but projecting a sense of confidence, and a willingness to try things. And experiment in order to get people working again."

In Detroit, Failure's a Done Deal

"Instead, advocates of a "rescue" propose extending to Detroit the government's business model for the nation -- redistributing wealth from the successful to the failed, an implausible formula for prosperity."

Midnight Sun

"His "One For My Baby (And One More For the Road)" surely stands as one of the peaks of the great American songbook. Harold Arlen composed the music and Frank Sinatra contributed the definitive performance (on "Frank Sinatra Sings for Only the Lonely," 1958)."

Morality Before Economy? Since When?

"Those wretches who are debauching the youth of the country and murdering women and unborn babes, will soon be in the strong grip of government.”

$6.6 Trillion in Mortgages Were Wrapped into Mortgage-Backed Securities at Heart of Financial Crisis

Government sponsored enterprises, including Fannie Mae and Freddie Mac, processed $4.6 trillion of the $6.6 trillion in mortgages now tied up in mortage-backed securities.

'Mass executions' in North Korean prisons

2005: Cuba fights AIDS with free drugs, not quarantine

How Obama Got Elected... Interviews With Obama Voters

Were some U.S. slave owners black?

Detroit Automakers a Relic of the Past: The Detroit Three will not be the last flagging enterprises to line up for government subsidy.

Breakdown

No UAW Bailout

The Bailout's Fault Lines

2005: Jobs bank programs -- 12,000 paid not to work

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