Tag Archives: Auto Industry

U.S. Auto industry wants more

According to CNN, GM and Chrysler want $21.6 billion more in loans from the American government. This is juxtaposed with their plans to cut approximately 50,000 jobs worldwide. The logic behind more loans would be that if GM and Chrysler went down the tubes, more than 50,000 jobs would be lost, and the ripples throughout […]

Roundup for Friday 12/19/2008

Bush is going to hook Chrysler and GM up with a $13.4 billion loan. Seems like a reasonable short term deal that will buy time for the incoming administration and Congress to address the issue more comprehensively. Paul Krugman thinks the Madoff scandal is a microcosm of the financial industry as a whole. The essence […]

Auto Industry Drama

This was too clever, I had to repost it from Juan Cole’s comment section. *************** THE TRAGEDY OF THE AMERICAN AUTOMOBILE INDUSTRY: A Play in Three Acts Dramatis Personae BIG THREE, a manufacturer of automobiles UAW, Big Three’s employee MITT ROMNEY, an idiot ACT ONE BIG THREE: I have plans to build automobiles, but I […]

A better auto industry bailout

I’ve written a letter to Congress asking them to not bailout the faltering American auto industry. I’ve also written a post explaining you why I think the same industry deserves its date with the dustbin of history. I guess you could consider me an ardent opponent of any bailout of the Big Three. But sometimes […]

Open letter to Congressional Democrats concerning the auto industry

Dear Congressional Democrats, I know you’re planning to bailout the Detroit automakers. Don’t do it. The Big Three deserve to fail. Sincerely, Random Blogger