wizbangblog.com - 12/1/2008
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Congress surprised me a little while back, when they decided not to bail out the 'Big 3' automakers, who were hoping for just about fifty billion tax dollars (25 billion...
msnbc.msn.com - 12/7/2008
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msnbc.msn.com —
The economy will get significantly worse before it
starts to improve, President-elect Barack Obama said, seeking in...
an interview broadcast Sunday on NBC’s “Meet the Press” to tamp down expectations as he prepares to assume the presidency in 44 days.
(more)
Obama warns economy to get worse
apnews.myway.com - 12/7/2008
wizbangblog.com - 12/3/2008
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wizbangblog.com —
Yesterday I trashed GM pretty hard, and they
deserved it. The short version for GM, is that...
the management is both clueless and dishonest, and if they manage to avoid...
(more)
Worse Than You Think - Part 2
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Monday beer-time links
Maggie's Farm —
... Out on biz in the early AM. Leaving these good droppings: America's other auto industry. WSJ. Related: but the homegrown auto assemblers are worse off than you think. Zombies indeed. Too old. Obama's netroots problem. Is that a real problem? MSNBC anchor wonders why election didn't end terrorism Squeegee guys return to NYC. That is bad news. Liz Smith: Palinophobe. I do not think she realizes how dumb she sounds. Bad day for equities? We already told ...
Viking Pundit —
You should sell stuff for more than it costs to make it - And you probably shouldn't change accounting practices from year to year either. Over at Wizbang, DJ Drummond explains why the situation at General Motors is " Worse than you think ." Extra - WSJ: " ...
Domestic Automakers Go Hat In Hand For Bailout
A Blog For All —
... explicitly. GM appears to have changed its market share assumption for 2009 GM U.S. volume from 20.6% a year ago to 22.5% today. In this environment, it seems strange that GM is actually increasing its market share assumptions. And car business is all about volumes. In GM's case, they have the additional problem of GMAC and the failure of the credit market. GM used GMAC to pad its bottom line for years, and when the credit market went South, so too did GM's overall bottom line. DJ Drummond takes apart the financial picture at GM, and it's uglier than you can possibly ...
Related Content
Worse Than It Looks
talkingpointsmemo.com 12/7/2008 — Kevin Philips has written persuasively about how the official unemployment rate understates the actual jobless numbers, and you get a glimpse of that in some of the employment numbers that came out today. From the NYT :
A mass departure from the ...
Going to Be Worse
eschatonblog.com 3/10/2009 — Sadly I think they're still being somewhat optimistic. March 10 (Bloomberg) -- The U.S. jobless rate will reach 9.4 percent this year and remain elevated through at least 2011, threatening the nation’s longer-term growth potential, a monthly ...
Part 28
state.tn.us 2/4/2009 — Part 28
Video: From Bad to Worse...
marketnewslive.blogspot.com 2/24/2009 — 02/24/09 Economists project the economy will get worse this year than thought as consumer spending declines.
Don't bail out US automakers
WWW.samefacts.com 11/10/2008 — General Motors proposes that the public lend it some dozens of billions of dollars more, and Obama seems to think it's a good idea. Sad to see the new guy pooch a big decision so early.
Detroit is certainly hurting, and the people who live there and ...
We're all Ass-out: "The Worse is Yet to Come"
blackagendareport.com 11/19/2008 — We've been hoodwinked, and bamboozled, AGAIN. America will go down in history as the one of the dumbest, most-mean-spirited, spiritually vapid Empires of all time. Once again, the Democratic Party and it's President-elect have sold out the country for ...
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