sfgate.com - 11/10/2008
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Detroit is anything but cocky, but it's confident it won't be turned down on its latest tin-cupping mission. It's already received $25 billion in loans and now wants an equal amount. Democrats, who carried the Rust Belt auto states, don't want to disappoint these voters or doom a mainstay ...
tnr.com - 11/15/2008
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tnr.com —
General Motors has come to Washington, begging for
a $25 billion bailout to keep it and its...
ailing Detroit counterparts going next year. But nobody seems too thrilled about the prospect. Liberals dwell on the companies' gas-guzzling sport-utility ...
(more)
Panic in Detroit
corner.nationalreview.com - 11/17/2008
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corner.nationalreview.com —
Andrew Sullivan points to an article by Jonathan
Cohn in the current TNR arguing for the proposed...
automotive bailout. The core of Cohn's argument is that the Big 3 are turning around, and that the bailout will give them time to complete their ...
(more)
Detroit: Same Old, Same Old
online.wsj.com - 11/15/2008
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online.wsj.com —
See what Ford, GM have been up to
in recent years as their stock price and sales...
declined.
(more)
Just Say No to Detroit
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If It Happens, The Auto Industry Bailout Needs To Be Done Right
Wonk Room —
... and if you think about the ripple effects, they are the backbone of our manufacturing economy.” Indeed, according to estimates, one in 12 U.S. jobs is tied to car manufacturing, and a bailout of the industry could help boost the U.S.’s ailing manufacturing sector. ...
Flashback: Last Month, McCain Promised To Do ‘Whatever…Needs To Be Done To Help Our Automotive Industry’
Think Progress —
... Shelby has summed up conservatives’ justification for opposing an auto industry rescue bill: “The financial situation facing the Big Three is not a national problem but their problem.” However, as Obama transition co-chair John Podesta has noted, “the auto industry directly employs about 250,000 people” and is “the backbone of our manufacturing economy.” In fact, one in 12 U.S. jobs is tied to car manufacturing.
Other conservatives, such as Boehner, are ...
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Why Detroit Can't Keep Up
washingtonpost.com 11/23/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
Detroit: Same Old, Same Old
theamericanscene.com 11/17/2008 — Andrew Sullivan points to an article by Jonathan Cohn in the current TNR arguing for the proposed automotive bailout.
The core of Cohn’s argument is that the Big 3 are turning around, and that the bailout will give them time to complete ...
Begging His Pardon
cato.org 11/19/2008 — This article appeared in Legal Times the week of November 14, 2005. It's unfortunate that it takes the indictment of a high-ranking White House official to remind Washington that the president has the "Power to grant Reprieves and Pardons for ...
No Bailout Without Big Changes in Detroit
dcexaminer.com 11/12/2008 — Examiner Editorial - 11/12/08 There is little doubt but that the political fix is in, thanks to those meetings late last week among Big Three auto executives, United Auto Workers union officials and leading Democrats. The outgoing Bush administration ...
Detroit bailout Barack Obama
salon.com 11/13/2008 — Nov. 12, 2008 | Why bail out the car companies when they bailed out on us? General Motors and Ford burned through a stunning $14.6 billion in cash last quarter. G.M.'s stock has sunk so low that you could buy the entire company for $2 billion. ...
Bush: Hey, who’s up for a few more bailouts?
hotair.com 11/24/2008 — As a bailout proponent, I confess, the only statement I’ve heard over the past six weeks asserting that the original $700 billion for TARP has done tangible good came from Paulson himself . [...] Read the rest »
Do not bail out the Detroit Three
tigerhawk.blogspot.com 11/16/2008 — NYU finance professor David Yermack absolutely crushes the arguments in favor of bailing out the Detroit Three automakers. Teaser:
In 1993, the legendary economist Michael Jensen gave his presidential address to the American Finance Association. Mr. ...
California Budget Begging
truthdig.com 1/6/2009 — READ THE WHOLE ITEM Related Entries
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Let Detroit Go Bankrupt
powerlineblog.com 11/20/2008 — That's the title of Mitt Romney's op-ed in today's New York Times. Romney's reasoning closely parallels what we've laid out here:
I have several prescriptions for Detroit's automakers.
First, their huge disadvantage in costs relative to ...
Bushes welcome Obamas to White House —
CNN Political Ticker 11/10/2008
(CNN) – President Bush and first lady Laura Bush welcomed President-elect Barack Obama and his wife, Michelle Obama, to the White House on Monday afternoon.
Bush and Obama held a private meeting in the Oval Office, while the first lady gave the ...
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