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youtube.com - 12/8/2008

Cato Out Loud: The Auto Bailout (video)

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Daniel J. Ikenson discusses the proposed bailout of the auto industry.

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Say No to the Auto Bailout
Cato @ Liberty — In a new edition of Cato Out Loud, Daniel J. Ikenson explains why the federal government should not extend a financial bailout to the auto industry. Since November, Cato analysts have appeared on more than 50 radio and television programs discussing the bailout of “The Big Three.” ...

"Where is it written in scripture and stone that we have to have a Big 3?"
QandO — I believe I’ve asked a variation of the question before ("What’s wrong with a Big 2?"):

My feelings on bailing out the auto companies . . .
Newmark's Door — . . . expressed humorously by this "ad". (Via Felix Salmon at Portfolio.com.) For further discussion of the bailout, see this short video of Daniel Ikenson of Cato (link via Chris Moody.), and this commentary by James Sherk of Heritage, who claims that the widely-cited $73/hour figure for labor costs does not include legacy medical and retirement benefits.

Vroom vroom
Critical Mass — Cato's Dan Ikenson comments on the Big 3 bailout.

Who’s Blogging about Cato
Cato @ Liberty — Writing for Independent Advocate, a political blog devoted to “independently minded news analysis,” Wes Kimbell quotes Senior Fellow Richard W. Rhan’s December op-ed about Obama’s proposed stimulus plan. The Hill’s Congress Blog posts analysis from Senior Fellow Michael D. Tanner on Barack Obama’s proposals for Social Security and Medicare. The International Law and Policy Blog links to Cato Trade Policy Analyst Sallie James’s appearance on Reason TV, discussing presidential trade policies. Blogging for the ...

Week in Review: Deficit Spending, Troop Increases and More Auto Bailouts
Cato @ Liberty — With a Stroke of a Pen, Future Generations a Trillion More in the Red Now that President Obama’s $787 billion spending measure has become law, will the plan work? Senior Fellow Richard Rahn takes a look back to see if history can offer guidance on whether this massive intervention of federal money will pull us out of the recession, or make things worse. When President Obama signed the bill this week, many of the 1996 welfare reform provisions were chipped away, says Cato Senior Fellow Michael D. Tanner. In an op-ed for The New York Post, and in a Cato daily podcast, Tanner explains how ...

Cato and the Bailouts: A Correction for the NY Times ‘Economix’ Blog
Cato @ Liberty — At the New York Times Economix blog, economist Nancy Folbre of the University of Massachusetts writes: The libertarian Cato Institute often emphasizes the issue of corporate welfare, but it’s remained remarkably quiet so far on the topic of bailouts. Excuse me? Since she linked to one of our papers on corporate welfare, we assume she’s visited our site. How, then, could she get such an impression? Cato scholars have been deploring bailouts since last September. (Actually, since the Chrysler bailout of 1979, but we’ll skip forward to the recent avalanche of Bush-Obama bailouts.) ...

Week in Review: A Speech in Cairo, an Anniversary in China and a U.S. Bankruptcy
Cato @ Liberty — Obama Speaks to the Muslim World In Cairo on Thursday, President Obama asked for a “new beginning between the United States and Muslims around the world,” and spoke at some length on the Israeli-Palestinian conflict, Iran, Iraq, and Afghanistan. Cato scholar Christopher Preble comments, “At times, it sounded like a state of the union address, with a litany of promises intended to appeal to particular interest groups. …That said, I thought the president hit the essential points without overpromising.” Preble goes on to say: He did not ignore that which divides the United ...