theoaklandpress.com - 11/16/2008
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A new study from an Ann Arbor think tank says declining to help domestic would wind up costing the U.S. economy more than any government bailout.
Meanwhile, some new speculation was added to the mix as rumors surfaced that Nissan was interested in buying out the Dodge brand if General Motors ...
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Blog Reactions
On Will Wilkinson On Detroit
Political Animal —
... down most of the suppliers, potentially sinking the rest of Detroit with it. Realistic estimates of new unemployment range from 1 to 3 million, once you include the ripple effects in communities with shuttered suppliers, dealers, etc." The suffering this would produce is not the suffering of one unemployed person multiplied by 1-3 million. It's an absolutely enormous dislocation, the kind that sinks entire regions. Moreover, while I have precisely no ability to assess this claim, some people argue that letting GM fail would cost the government more than bailing it out. This ...
More On Sparrows
Obsidian Wings —
... The suffering this would produce is not the suffering of one unemployed person multiplied by 1-3 million. It's an absolutely enormous dislocation, the kind that sinks entire regions. Moreover, while I have precisely no ability to assess this claim, some people argue that letting GM fail would cost the government more than bailing it out. This would alter the cost-benefit calculus considerably. ...
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How to keep US carmakers on the road | Mitt Romney
timesonline.co.uk 11/24/2008 — If General Motors, Ford and Chrysler get the bailout from the US Government that their chief executives have asked for, you can kiss the American car industry goodbye. It won't go overnight, but its demise will be virtually guaranteed. Without that ...
Carmakers' bailout pleas hit Senate skepticism
(AP)
news.yahoo.com 12/5/2008 — AP - Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency and a new dose of humility for a $34 billion bailout. Without help, said one senator, "we're looking at a death ...
Government should not aim to save carmakers: McCain adviser
reuters.com 10/27/2008 — DETROIT (Reuters) - The U.S. government can assist automakers but cannot save them and any aid should be limited so taxpayers do not become ensnared in a long-term investment in the embattled industry, an economic adviser to Republican presidential ...
The Cost of Doing Nothing
newamerica.net 11/19/2008 —
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 ...
Tables Turned: Carmakers Must Apply For Loans
onthehillblog.blogspot.com 11/23/2008 — Seeking to keep alive the potential for federal aid to faltering U.S. auto manufacturers, top congressional Democrats are asking the automaker CEOs for "a credible restructuring plan," to basically, to apply for a loan.
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