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White House

General David Petraeus

Barack Obama

U.S. Army

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clusterstock.com - 11/11/2008

Don't Do It, Obama. Don't Save Ford (F) And General Motors (GM)

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ObamaPresident.png President Elect Obama, you're about to get your first big economic test: Cave to the anguished cries of the crippled US car industry and waste tens of billions of taxpayer dollars postponing the inevitable. OR Just let the crippled companies finally go bankrupt. Ford, GM, and ...

9

online.wsj.com - 11/17/2008

Why Bankruptcy Is the Best Option for GM

— online.wsj.com — General Motors is a once-great company caught in a web of relationships designed for another era. It... should not be fed while still caught, because that will leave it trapped until we get tired of feeding it. Then it will die. The only possibility of ... (more) Why Bankruptcy Is the Best Option for GM

Comments vote downundo vote up Politics Daily found this 11/17/2008found this

7

corner.nationalreview.com - 11/13/2008

Bankruptcy for GM

— corner.nationalreview.com — What would it mean to have GM go bankrupt? A change in ownership and a renegotiation of... contracts. The factories, computers, office space, intellectual property and so forth that are now owned by GM would not disappear; they would basically become ... (more) Bankruptcy for GM

World

Comments vote downundo vote up Varifrank found this 11/13/2008found this

3

varifrank.com - 11/9/2008

Question of the day - GM or Not GM

— varifrank.com — Question of the day - "So why can't GM be allowed to go into bankruptcy?" Seems to... me that United Airlines and half a dozen other companies I can name have gone into bankruptcy without also going out of buisness. GM goes into bankruptcy it gets ... (more) Question of the day - GM or Not GM

Bud Day

Comments vote downundo vote up Vodkapundit found this 11/9/2008found this

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Let Them Die?
The Daily Dish | By Andrew Sullivan — Henry Blodget begs Obama to not bailout the auto industry: Ford, GM, and Chrysler are done for regardless, Obama. Bailing them out yet again won't fix them. It will just prolong the agony. It's not a good sign that Obama wants to resuce them. ...

Should the Big Three be put out of their misery?
Newshoggers.com — ... tune of $25B (remember when that seemed like a lot of dough?), will be required to keep the Big Three automakers afloat. This comes just a few weeks after Washington provided another $25B the automakers claimed they needed to finance the conversion to building more fuel efficient cars.  (Of course, one could argue any management team with the smallest bit of competence would have directed the development of more fuel efficient cars long before now). Henry Blodget argues let the Big Three die: Ford, GM, and Chrysler are done for regardless, ...