Archive for the ‘Milton Freidman’ Category

GE’S IMMELT ON THE HOT SEAT

Sunday, January 23rd, 2011

REAL CLEAR POLITICS

January 22, 2011    By Larry Kudlow

Can GE CEO Jeffrey Immelt talk President Obama into a major corporate tax cut? Immelt has been appointed to the new Council on Jobs and Competitiveness, which replaces the disbanded Paul Volcker Economic Recovery Advisory Board. Immelt was a member of that original board. Now he has a more elevated position in the Obama 2.0, allegedly pro-business, move-to-the-center Clintonesque White House.

Regarding the new President Obama, I am still trust but verify. But yes, of course, Jeff Immelt is a businessman through and through. He is a trustee of the Ronald Reagan Presidential Foundation board, while GE is a big sponsor of the Reagan Centennial Celebration. (Recall that the Gipper worked for GE as a spokesman and television host from 1954 through 1962.) He’s also a registered Republican who contributed to both Hillary Clinton and John McCain during the 2008 campaign. And last year, he harshly criticized Obama at a dinner in Italy, where he basically said: Obama doesn’t like business, and business doesn’t like Obama.

But what goes around comes around. Many business people wanted senior executives in the White House, and now they have two — with GE’s Immelt joining William Daley, the former banker and new chief of staff. (more…)

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CRISIS IN EUROLAND

Wednesday, January 5th, 2011

The American Spectator : Crisis In Euroland

The American Spectator

Letter From Paris

By on 1.4.11

The euro, that artificial Funny Money used by 331 million Europeans in17 nations — the 17th, Estonia, joined the euro just this week — was conceived in sin and born in corruption. The New Year brings the prospect that the sins of the European Union’s founding fathers will be visited on its hapless citizens in the form of financial turmoil and fiscal pain.

The original sins at the euro’s conception included stealth, lies, and hypocrisy. That at least was consistent with the creation of “Europe” in the 1950s, when politicians with mixed motives recklessly signed off behind closed doors on whatever was necessary to bring forth the European Economic Community, later optimistically re-baptized as the European Union, a.k.a. “Europe.”

Contrary to the organic, bottom-up growth of a real nation, this was all done top-down with little or no democratic consultation with Europe’s citizens. (The Brussels-based Eurocracy, now occupying gargantuan buildings in the Belgian capital, euphemistically calls this a mere “democratic deficit.”) But the fact that there was no true political union, and even less centralized economic and fiscal authority, did not deter the EU from declaring a phony monetary union in 1991. (more…)

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PART 4 VIDEO – THE RISE, FALL AND FUTURE OF CONSERVATISM

Monday, November 22nd, 2010

A FOX News Special – narrated by Brit Hume

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