A commenter suggested that the funds allocated to the American Recovery and Reinvestment Act (aka the stimulus package) would be better spent by handing out checks to each person. The final package comes to a bit less than $800billion or just under $2300 per person, not the $25,000 suggested in the comment. The commenter also [...]
Posts Tagged ‘auto industry’
Strangled logic
Posted in Current Events, tagged auto industry, demand, depression, economic collapse, economic crisis, Economy, jobs, recession, stimulus, tax cuts, tax policy on January 26, 2009 | 9 Comments »
When I get into discussions about the economy with my conservative friends, they consistently tout the benefits of tax cuts to stimulate jobs and spending. But they are consistently opposed to increases in the minimum wage as costing jobs. Some go so far as to oppose the very concept of a minimum wage.
But here’s where [...]
Taking a day off
Posted in Current Events, Random Thoughts & Silliness, Sustainability, tagged auto industry, bailout, Big 3, Economy, filibuster, Mitch McConnell, UAW, union-busting on December 12, 2008 | 2 Comments »
There is plenty to write about, including wondering about the real motives of those Southern Republican Senators who killed the auto industry bailout and the spine of the Democratic Senate leadership who, once again, caved in to the threat of a filibuster. I don’t understand why they don’t call the Republicans’ bluff more often. It [...]
“Bailing out” the Big 3
Posted in Current Events, Politics, Sustainability, Uncategorized, tagged auto industry, bailout, Big 3, credit crunch, Economy, infrastructure, investing in the future, UAW on December 6, 2008 | 3 Comments »
It seems that Congress is inching towards some sort of rescue plan for the US automakers. The current thinking is that there will be some sort of bridge loan to tide them over until the next Congress can come up with a more permanent plan. In light of the announcement that the US economy has [...]
Another bailout? Not without strings.
Posted in Current Events, Politics, Uncategorized, tagged auto industry, bailout, Big 3, Chrysler, Detroit, economic collapse, Economy, Ford, GM, Hank Paulson, Henry Waxman on November 21, 2008 | 6 Comments »
We seem to be drifting to January 20, 2009, on a rudderless ship of state. Half of the money in the $700 billion bailout of the FIRE (finance, insurance and real estate) sector has been spent. Rather than using the funds to buy up “toxic loans” as originally advertised, they’re being used to buy into [...]
