Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

President Obama has a delicate balancing act to manage in the upcoming General Motors initial public stock offering.

I don’t know how many times I’ve seen liberal commentators look back with nostalgia to the days when a young man fresh out of high school or military service could get a well-paying job on an assembly line at a unionized auto factory that could carry him through to a...

In Freedom's Forge, bestselling author Arthur Herman takes us back to that time, revealing how two extraordinary American businessmen-automobile magnate William Knudsen and shipbuilder Henry J. Kaiser-helped corral, cajole, and inspire business leaders across the country to mobilize the "arsenal of democracy" that propelled the Allies to victory in World War II.

As the president has ramped up into campaign mode, he has studiously avoided mentioning most of his signature accomplishments. One can see why. The one thing President Obama always seems to mention is the auto bailout. His implication that the bailout is succeeding-that it will not ultimately be a loss for taxpayers-is a constant theme of Democrats.

The U.S. is more active on trade policy than it has been in years.  President Obama is meeting with Canada and Mexico about new agreements, Congress will hold hearings on changing decades-old trade law, and the federal government will more broadly be bringing several cases before the WTO.

Yet, in constructing...

When a New York Times op-ed columnist starts celebrating the virtues of the U.S. military, Dorothy, you know you're not in Kansas any more.

There are some ideas that, no matter how often they rise and how spectacularly they fail, just won't go away. Perpetual motion machines, for example. Passive exercise machines. Diets that work. These technologies sound great in theory, but don't seem to pan out in practice. Add to the list, electric (or largely electric) cars.