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 [...]
Posts Tagged ‘Big 3’
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 »
And the “Let Them Eat Cake Award” goes to…
Posted in Current Events, tagged bailout, banking, Big 3, economic collapse, Economy, John Thain, leadership, Merrill Lynch, sub-prime mortgages on December 8, 2008 | 4 Comments »
It was bad enough when the AIG execs treated themselves to a multi-day spa package right after they got their bailout funds. Then, last month the CEOs of the Big 3 traipsed down to Washington in their private corporate jets to beg for their bailout. In both incidents, someone was wise enough, brave enough, outraged [...]
“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 [...]
