Will we be asked to bail out WEG, too?

Previously unconfirmed rumors about strife between Lexington officials and state officials over the stalled progress on the 2010 World Equestrian Games has turned into off-the-record confirmation from trusted sources versus on-the-record denials from the usual suspects. On Friday, Gov. Steve Beshear had a meeting of his Governor’s Advisory Commission set up to deal with the…

This is how things get fixed

The hand-wringing about the economy wouldn’t be nearly so frenetic if more people just looked at the gasoline market. There, demand went down and prices followed. Producers who overextended on the way up (think Venezuela) will get hit hard by gravity. Those who kept their wits about them when demand was high (like Exxon) have…

This is sick

Kentucky officials aren’t going to see the natural consequences from decades of overspending as soon as they should. Below is the federal “stimulus” bailout coming their way. The crazy thing is that this only delays the inevitable. And probably not for very long as the biggest thing we will stimulate with this move is irresponsibility…