time.com - 11/13/2008
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For months, General Motors had been telling everyone who would listen that bankruptcy was not an option. It had a $30 billion cash pile and plans to restructure the company as the economy rebounded and 2007 U.S. auto sales topped 16 million units. Then came October . Sales plummeted an ...
newsweek.com - 11/17/2008
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newsweek.com —
So it's come to this: General Motors, once
the world's mightiest industrial enterprise, is now flirting with...
bankruptcy. Ford and Chrysler may not be far behind. Car and truck sales have collapsed. GM is rapidly exhausting its cash reserves and may ...
(more)
Samuelson: How to Bail Out General Motors | Newsweek ...
hoovers.com - 11/13/2008
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hoovers.com —
Competitive Landscape for Automobile Manufacture The major drivers
of US demand for autos are employment and interest...
rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing.... ...
(more)
General Motors - Company Overview
clusterstock.com - 11/11/2008
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clusterstock.com —
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 ...
(more)
Don't Do It, Obama. Don't Save Ford (F) And General ...
Comments
Blog Reactions
Where's The Journalism Bailout?
Ross Douthat —
... - but that just means that we'd be much, much cheaper to bail out! GM needs $25 billion, but we'd settle for, I dunno, five billion? Pocket change, in other words! And we'd be so, so grateful. If you think your coverage couldn't get more lovey-dovey than it already is, Mr. President-Elect, the magazine and newspaper editors of America stand ready to prove you wrong - and all for a fraction of what it took to bail out those ingrates on Wall Street. ...
The trouble with bailouts
Megan McArdle —
... - but that just means that we'd be much, much cheaper to bail out! GM needs $25 billion,
but we'd settle for, I dunno, five billion? Pocket change, in other
words! And we'd be so, so grateful. If you think your coverage couldn't
get more lovey-dovey than it already is, Mr. President-Elect, the
magazine and newspaper editors of America stand ready to prove you
wrong - and all for a fraction of what it took to bail out those
ingrates on Wall Street. ...
Related Content
What Lies Ahead For General Motors
redstate.com 11/18/2008 — America's First National Automaker
The most urgent piece of economic news and policy over the next
several weeks will be the fate of the General Motors Corporation.
It will take precedence over the general policy response to the
worsening ...
Unusual Bankruptcy in Store for General Motors
nytimes.com 4/1/2009 — The government may seek to ease General Motors into what it calls a “controlled” bankruptcy, somewhere between a prepackaged bankruptcy and court chaos, by persuading at least some creditors to agree to a plan that would cleave the company into two ...
US Motors
julescrittenden.com 3/30/2009 — GM Ceo Waggoner resigns at Obama's behest. Politico. Well, as $9.4 billion stakeholders thanks to a Bush admin bailout, with GM hopping to Obama's tune in hopes of 16.6 billion more, I guess it's our failing auto company now. I wouldn't mind seeing a ...
America is Saving Too Much
outsidethebeltway.com 10/25/2008 — Apparently that is what the House Democrats in Congress think.
Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that ...
Worth More Dead Than Alive
theglitteringeye.com 2/19/2009 — General Motors has produced its reorganization plan:
The submission of the recovery plans was required under terms of the U.S. loans the auto makers received in early January.
GM said it now plans to phase out its Hummer brand this year and ...
Better Than A Bailout
tnr.com 12/2/2008 — Today, executives from Chrysler, Ford, and General Motors will submit reports on how they can restructure their operations. And quite a lot is riding on what those reports say. If Congress isn't satisfied that the planned changes will make the ...
Government Motors
rawdawgb.blogspot.com 4/7/2009 — Obviation of Taking Clause of the 5th Amendment
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