yglesias.thinkprogress.org - 11/17/2008
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I feel like some of the commentary on the prospect of an auto industry bailout is starting to remind me of some of the stuff I fell for before we invaded Iraq. The kind of thing where someone yes, “yes this sounds like a bad idea, but if we do it like this and like that and like this ...
meganmcardle.theatlantic.com - 11/15/2008
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meganmcardle.theatlantic.com —
Felix Salmon complains , justly I think, that
the bailed out financial firms are using the funds
to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double ...
(more)
Keep bailing . . .
Comments
Blog Reactions
Tom Friedman's War
Eschaton —
Tom Friedman's War Just echoing Matt , it's fascinating to read everybody who has suddenly become an expert on the auto industry, and write as if a government bailout would put them in charge of that industry. More than that, it appears we're all fans of government industrial policy now. Truly strange times.
Falls the Shadow
Ross Douthat —
Yglesias has a smart post on the potential gulf between the GM bailout smart liberals would like to see take place and the GM bailout as it's actually likely to happen. ...
MIDDAY ROUNDUP
News —
... insists. Still, fulfilling the economic interests of the Big Three while serving the broader environmental and economic interest, while desirable, may not be probable, Matthew Yglesias blogs. The 2008 results mean Republicans cannot rely on the media, should ditch more liberal immigration policies, should fight campaign finance regulations, and reject maverick lawmakers, Townhall’s ...
Auto Bailout Worries
Open Left - Front Page —
... So, I am genuinely torn on how to proceed. Even though I opposed the Iraq war from the start, Yglesias writes something that I currently identify with: ...
“The Auto Industry Never Lobbied Against Higher CAFE Standards” And Other Lobbyist Knee Slappers
Firedoglake —
... We need to decide how and why the Big 3 continue. Do they exist, as Matt Yglesias suggested, as a short-term jobs program in the midst of an economic crisis? Do we subsidize them only if they can show a plan to ultimately be profitable? Do we value them above and beyond their profitability, as an integral part of a green economy? Or as ...
Is There a Good Auto Bailout?
The American Scene —
... Of course, as even thoughtful liberals have observed, this is easier said than done. What are the odds that members of Congress are really going to vote for a body that can be directly tied to them that will do things like tear up all UAW labor contracts, tell every holder of a share of GM stock in the U.S. that they’re just out of luck, aggressively fire tens of thousands of white collar workers in politically-competitive states and districts throughout the industrial Midwest, and tell anybody who owns a house in Michigan that he has just gotten a lot poorer? ...
Related Content
Bailing Out the Auto Industry
outsidethebeltway.com 11/10/2008 — No matter what your politics are, left or right, I think we can all agree that bailing out the U.S. auto industry is a bad idea. As Conor Friedersdorf notes
When an auto firm makes a product inferior to its competitors, signs labor contracts it ...
Are We Bailing Ourselves Out?
talkingpointsmemo.com 2/24/2009 — We already own 80% of AIG. Now they're coming back for more .
And more to the point, who are the counter-parties that the money is going to go to once we give it to this company that has no value at all?
Bailing Out Detroit
motherjones.com 12/10/2008 — BAILING OUT DETROIT.... David Leonhardt uses this graphic in the New York Times today to illustrate the labor costs of the Big Three auto makers vs. the Japanese companies who manufacture cars in nonunion plants. As he says, the $70+ per hour ...
"Democrats are bailing out on the word 'stimulus.'"
althouse.blogspot.com 11/26/2008 — Writes Carl Hulse. In a notable shift, Congressional leaders and officials of the incoming Obama administration are actively trying to retire that term and use the more marketable “economic recovery program” as the descriptor for the ...
Is Anything For Real?
balloon-juice.com 10/29/2008 —
For chrissakes, now “Joe the Plumber” is on the campaign trail stumping for McCain :
“I’m honestly scared for America,” Wurzelbacher said.
He later said Obama would end the democracy that the U.S. military ...
Bailing Out of the Constitution
washingtonpost.com 3/30/2009 — It is high time Americans heard an argument that might turn a vague national uneasiness into a vivid awareness of something going very wrong. The argument is that the Emergency Economic Stabilization Act of 2008 (EESA) is unconstitutional.
Calculating the cost of bailing out the economy
qando.net 12/15/2008 — Now that the NBER has decided to endorse my view that we went into recession last December which I first first claimed last January , I think my points about the efficacy of fiscal stimulus still apply. As for spending already pledged to save us, the ...
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