Wednesday, March 25, 2009

Roundup

Wow, the dumbasses in Congress may have created a bigger mess than we could have imagined.  Jake DeSantis's letter made the rounds today, but here's another Galtesque reaction that could actually do damage in the billions of dollars.  

Fedex's threat to cancel orders for 30 new Boeing planes is EXACTLY the type of stuff we need to see out of the business community these days in reaction to Obama and the socialists in Congress, and exactly the type of thing I recommended here on this blog.  It is not enough to just make the smart capital allocation decisions to a) invest abroad or b) not invest, but businesses need the courage and the candor to tell it like it is.  Crap all over business and business will go elsewhere.  Make investment less attractive and you'll get less of it.  Kudos to Fedex for putting the consequences out in the open.  I only wish Caterpillar's CEO was so bold as to rebut Dear Leader when he lied about how the stimulus package disaster would put CAT's workers back to work.

Check this out too.  This guy was a HUGE Obama booster and fundraiser, and yet he won't even sign on to make a success out of what is the most critical project of Obama's nascent presidency.

Best line of the day from a commenter at Instapundit:  "So the government is using the unregulated institutions to help bail out the regulated institutions."  The former would be hedge funds and the latter would be banks, for the uninitiated.

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