ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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IIRC the CEO of GM was fired at government, or should I say Obama's, insistence.
If the government had not gotten involved, GM would have gone bankrupt. The CEO would have not been spared in that instance.
In any event, the CEO of TARP will never be fired.
You can be sure of two things:
1. GM will continue to be mismanaged.
2. No government official will ever make such a proclamation again.
Who is the CEO of TARP? Liz Warren?
My observation was intended to enhance the irony: government fires private sector CEOs it doesnt like, while retaining its own total losers.
I really enjoy Rattner's tale here of how he had to get rid of GM's CEO Rick Wagoner because of how shockingly incompetent he discovered GM's top management to be, through and through.
Driving Rattner to so bravely take the unprecedented step of inciting no less than a cultural revolution with GM's management by replacing Wagoner with Wagoner's own #2 man, Fritz Henderson (!)... following Wagoner's recommendation.
Has such radical heroism in industrial policy ever been seen before?