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The Road To Bailoutistan
Blue Crab Boulevard —
... Mark Steyn : The newspapers blame the Internet, just as Detroit blames Japan. But the Japanese have problems of their own. One day they’ll get theirs. That’s the beauty of capitalism. Nothing is forever. The big railroad barons smoking cigars and enjoying pheasant under glass in the dining car on the Atchison, Topeka, and Santa Fe thought Henry Ford was a schmuck. Who’d want to ride around in that thing? Next thing you know everyone’s getting their kicks on Route 66: Read the entire reflection on the state of our economy. California collapsing under the weight of its ...
MARK STEYN ON THE BIG THREE AND THE FUTURE:
Can you still see the USA in your Chevrolet? Through …
Instapundit —
MARK STEYN ON THE BIG THREE AND THE FUTURE:
Can you still see the USA in your Chevrolet? Through a windscreen darkly.
General Motors now has a market valuation about a third of Bed, Bath And Beyond, and no one says your Swash 700 Elongated Biscuit Toilet Seat Bidet is too big to fail. GM has a market capitalization of just over two billion dollars. For purposes of comparison, Toyota’s market cap is one hundred billion and change (the change being bigger than the whole of GM). General Motors, like the other two geezers of the Old Three, is a vast ...
Hiding the UAW Behind a Giant Strawman Isn’t a Help.
The Sundries Shack —
... changes to their business model because they haven’t been forced to confront the fact that their problems have not been caused by “the unions” — the braying mantra they’ve been falling back on for years now. I’m not sure where Peters gets his information, but I don’t know anyone that’s blaming the UAW for the entire automaker bailout mess and I don’t think that Peters can find anyone making that argument either (else he would likely have quoted someone). It has been a major cause, as Mark Steyn ably details , but it’s far from the only cause. This, however, is Peters’ ...
