oxdown.firedoglake.com - 11/20/2008
—
Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the Michigan, Ohio, and Indiana along with them. ...
corner.nationalreview.com - 11/17/2008
—
corner.nationalreview.com —
Andrew Sullivan points to an article by Jonathan
Cohn in the current TNR arguing for the proposed
automotive bailout. The core of Cohn's argument is that the Big 3 are turning around, and that the bailout will give them time to complete their ...
(more)
Detroit: Same Old, Same Old
search.bloomberg.com - 11/25/2008
google.com - 11/18/2008
—
google.com —
5 hours ago WASHINGTON (AFP) Treasury Secretary Henry
Paulson Tuesday defended a massive financial rescue in the
face of criticism from lawmakers and a top US official wanting to use it to shore up the battered economy. The 700 billion dollar ...
(more)
AFP: Paulson rules out using US financial aid to help ...
Comments
Blog Reactions
Bipartisan Proposal For Big 3 Restructuring
Firedoglake —
... around $2 billion a month. As Dean Baker said this morning, at this rate they would be bankrupt in about two months. He also notes that "the fallout from a GM bankruptcy could sink Chrysler and Ford as well, as common suppliers shut down and credit for the industry vanishes and customers flee to manufacturers with longer life expectancies." ...
Baker, Krugman, Roubini, 375 Economists Agree: We Need a Massive Economic Stimulus
Firedoglake —
... Dean Baker, whose earlier excellent post provides a compelling argument for a bridge loan to the auto industry, reminds us (via TPM) that the economy needs much more to keep a likely deep recession from becoming another depression.
Baker's plea joins those we've seen from Paul Krugman and Nouriel Roubini (video at right -- h/t Stoller) as well as 375 other economists signing a letter organized by the Center for Economic Policy Research. From Dean Baker: ...
If I Was GM’s CEO, I’d Be On A Plane To China
Firedoglake —
... . Why not? It would allow all their debts to be paid off so their suppliers and other creditors won't go under in a domino effect, their stockholders won't get shafted (which should make Wall Street happy), and they could easily make both interest payments to bondholders and the ...
Hullabaloo —
... wave his magic wand and make it all magically go away. Reid is wrong. The message they would be sending to the American people if they stayed on the job and fought this out, even if they had failed vote after failed vote, would be that they take this situation seriously and are trying to fix it. They go home and the only people talking about this are Rush and his army of evil yakkers. Scarecrow over at FDL wrote this earlier: Dean Baker, whose earlier excellent post provides a compelling argument for a bridge loan to the auto industry, ...
Related Content
Will Henry Paulson Sink Detroit?
tpmcafe.talkingpointsmemo.com 11/20/2008 — Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the ...
Detroit: Same Old, Same Old
theamericanscene.com 11/17/2008 — Andrew Sullivan points to an article by Jonathan Cohn in the current TNR arguing for the proposed automotive bailout.
The core of Cohn’s argument is that the Big 3 are turning around, and that the bailout will give them time to complete ...
Blame Henry Paulson
norris.blogs.nytimes.com 11/4/2008 — If John McCain loses, can he blame Henry Paulson?
Why Detroit Can't Keep Up
washingtonpost.com 11/23/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
Henry Paulson - Person of the Year 2008
time.com 12/17/2008 — When he arrived in Washington as Secretary of the Treasury in the summer of 2006, Henry M. (Hank) Paulson Jr.'s top priority was to make certain that his department would have independence and clout. If he was giving up the top job at Goldman Sachs, ...
Sink not running for Senate
miamiherald.typepad.com 1/16/2009 — Chief Financial Officer Alex Sink is expected to announce today that she's not running for the U.S. Senate, opening the field to a crop of lesser-known contenders. Sink, the only statewide officeholder on the Democratic shortlist, was seen as the...
Paulson
corner.nationalreview.com 12/19/2008 — I supported the Paulson plan, but, man, it's gotten ugly. Here's my column today.
Global Markets Sink on Bailout News
nytimes.com 12/11/2008 — Wall Street was poised to open sharply lower, following drops in Europe and Asia, after the Senate rejected legislation to aid the nation’s automakers. >
Washington Post Shills for Henry Paulson
tpmcafe.talkingpointsmemo.com 11/18/2008 — The headline of a front page article in the Washington Post tells readers how Treasury Secretary Henry Paulson changed his approach to the economy in response to "this storm."
That is so sweet of the Post. We are looking at an entirely preventable ...
Follow BeltwayBlips on Twitter
