gregmankiw.blogspot.com - 11/17/2008
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If you want to figure out why the U.S. auto industry is in deep trouble, while Japanese car companies operating in the United States are doing a bit better, this picture from Mark Perry , an econ prof of University of Michigan, Flint, may be a good place to start.
newamerica.net - 11/19/2008
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newamerica.net —
Introduction The U.S. health care system is in
crisis. Health care costs too much; we often get
too little in exchange for our health care dollar; and tens of millions of Americans are uninsured. Our economy loses hundreds of billions of dollars ...
(more)
The Cost of Doing Nothing
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Blog Reactions
In Which I Agree with Richard Shelby, and Ask the Next Question
Angry Bear —
... got good management.") are true, while leaving the third ("They don’t innovate.") as an exercise for Tom* and the fourth as beyond the pale, even if you assume all of the above. So we have, in the words of Richard Shelby: Bad management, selecting the wrong products, being made by Good workers. So what is the solution Shelby proposes? Defenestrate the workers. (Is anyone surprised that Tyler Cowen, Bruce Bartlett, and Greg Mankiw appear to endorse this idea?) The strange thing is that if you follow Mankiw's ...
Transforming the Big 3
RedState: Conservative News and Community —
... Notably missing among the restrictions mentioned by Frank: a
requirement that the UAW re-negotiate a labor agreement that
has
caused labor costs for the Big 3 to be much higher than for
other automakers operating in the U.S. What are the chances of GM,
Ford, and Chrysler recovering if they are run from Washington, and
regard the interest of the union as more important than
manufacturing quality cars? ...
Romney: I've Got An Idea...Let's Try Capitalism!
Slublog —
... . It would also reward unions for creating this income disparity between US auto manufacturers and Japanese automakers with plants in the US. My last two cars have been American, but I've had enough small problems with them (the first one didn't last as long as it should have and the second has been okay, but not great) to consider looking elsewhere for my next purchase. After all, the ...
Psst...Obama...It's Called "Capitalism"
Ace of Spades HQ —
... At the head of the line of sustainable auto companies stands Toyota. In its 2008 fiscal year, it earned a remarkable $17.1 billion world-wide and assembled 1.66 million motor vehicles in North America. Toyota has production facilities in seven states and R facilities in three others. Honda, another sustainable auto company, operates in five states and earned $6 billion in net income in 2008. In contrast, General Motors lost $38.7 billion last year. The difference, in part? Ahem. An auto bailout would do more than simply reward poor business practices. As the article ...
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