Monthly Archives: May 2009

The government has had another dreadful week. Yesterday in the Commons was a farce. To avoid losing another vote the government accepted a cross party proposal to delay changes to the expense regime until we had the full report of Mr Kelly, recently appointed to sort it out. Despite that, they went on to vote [...]

Mr Obama blames the bondholders for Chrysler’s problems. In his world people should save, lend their money to a car company, and then convert the loan to a gift. Apparently a company has a right to pay its executives too much, to give generous benefit to its employees, to sell too few cars and then [...]