detnews.com - 12/4/2008
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Taxpayers should be wary of bailing out unviable electric carmaker Henry Payne Think the $25 billion is to help save the Big Three automakers and preserve manufacturing facilities essential to national security? Think again. Detroit automakers' best hope for Washington aid is a bipartisan plan ...
motherjones.com - 12/10/2008
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motherjones.com —
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 ...
(more)
Bailing Out Detroit
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California vs. Detroit
The Corner on National Review Online —
Thursday, December 04, 2008 [image] California vs. Detroit [Henry Payne] I report in the Detroit News today on how Silicon Valley automakers like Tesla are tapping the $25 billion in auto retooling money. The article exposes the tensions between powerful California and Michigan lawmakers over whether startup automakers are eligible for bailout monies is holding up passage of billions in loans for the Detroit Three. Think the $25 billion is to help save the Big Three automakers and preserve manufacturing facilities essential to national security? Think again. Detroit ...
Payne: Greens Give in on Big Three Bailout
Articles on National Review Online —
... as well as in the Detroit News , the California delegation had held billions in Department of Energy money hostage to their demands that the money also fund Silicon Valley based automakers that Green activists insist are the future of auto transportation. Additionally, the California politicians had demanded that the DOE money only be used by the Detroit Three to retool plants to make smaller, more fuel efficient cars (Pelosi had insisted any automaker relief come from the $700 billion fund reserved for financial institutions). But with the growing specter of GM going bankrupt ...
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