Category: Uncategorized
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Auto Bailout: Ecological Sustainability Before Economic Viability
Thank you, George Bush. The federal government is finally acting to protect the auto industry from failure. The $17.4 billion in loans for GM and Chrysler is not going to be enough to rescue the industry — but it will keep these companies going until the next administration takes office. The Big Three will be…
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The Nasty Class and Anti-Union Bias of Auto Bailout Opposition, or the Wall Street-Detroit Double Standard
Nancy Pelosi says the Congressional Republicans are playing Russian Roulette with the economy by refusing to agree to an auto industry bailout. But for that metaphor to work, you have to add that they’ve loaded the gun with six bullets. The only hope is that someone — Treasury Secretary Henry Paulson or Federal Reserve Chair…
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Nationalize GM — Or At Least Think About It
With the U.S. government offering trillions of dollars in supports for the financial sector, it is startling to witness the casual way in which many policy makers and opinion leaders suggest the U.S. auto companies should be allowed to go bankrupt. In considerable part, this attitude reflects an anti-union and anti-blue collar animus. It also…