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Obama's chief of staff urges swift help for auto industry
Obama's chief of staff urges swift help for auto industry 21 hours ago WASHINGTON (AFP) President-elect Barack Obama's chief of staff Sunday urged swift action to rescue the US auto industry, which is in peril due to flagging sales, job cuts and the credit crunch. "Washington needs to look at ...
Emanuel Urges Aid for Auto Industry
Emanuel Urges Aid for Auto Industry
nytimes.com — Rahm Emanuel seemed to suggest that Barack Obama would be open to using the rescue fund to... help the struggling auto industry. > (more) Emanuel Urges Aid for Auto Industry
Obama wants auto industry reformer
politico.com — President-elect Obama wants a point-person to oversee reforms in the ailing auto industry. See also: Perino says... No Colombia quid pro quo (more) Obama wants auto industry reformer
If It Happens, The Auto Industry Bailout Needs To Be Done Right
If It Happens, The Auto Industry Bailout Needs To Be Done Right
wonkroom.thinkprogress.org — There seems to be a growing consensus in Washington that the federal government needs to bail out... America’s auto industry. The Wall Street Journal reported today that Sen. Harry Reid (D-NV) and Rep. Nancy Pelosi (D-CA), in a letter sent ... (more) If It Happens, The Auto Industry Bailout Needs To Be ...
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Bailing Out the Auto Industry
Outside The Beltway | OTB — ... No matter what your politics are, left or right, I think we can all agree that bailing out the U.S. auto industry is a bad idea. As ...

Blame It On the Unions
The Glittering Eye — I’ve seen that some people are blaming the fix the American automobile companies are in on the unions. This comment is fairly typical: The real issue here is the unions. Leaving aside for the moment, the issue of the companies falling, which most Democrats won’t mind much… after all corporate America is something to be diminished… the bailout is both caused by union excess, and to reinforce it. I don’t see things quite this way and to understand why you’ve got to consider the different ...

The newspaper bailout countdown clock
Michelle Malkin — ... $1 billion, while operating cash flow dropped 67 percent year over year. But Zell isn’t understating anything when he talks of how aggressively Tribune is moving, as evidenced by the $45 million charge for severance and termination benefits. Nearly all of that went to reducing publishing headcount; overall, the company cut the equivalent of 1,300 full-time positions. Every last corporate special interest and imperiled business has some water-carrier in Congress arguing that they’re “ essential to the economy” and “too big to fail.” I’m tellin’ ya: It won’t be long before the ...

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