Tag Archives: Detroit

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 […]

Things you might not have noticed

The possibility of a $700 billion bailout for Wall Street is looming large over the national conversation, so I’ll forgive you for not noticing these fun nuggets portending America’s doom: Congress is working on passing a $25 billion bailout for Detroit automakers And why $25 billion for companies that have long ago ceased to be […]

US automakers deserve to fail

General Motors, the American car manufacturing giant, recently announced a second quarter loss of $15.5 billion. Sales of cars and light trucks dropped 29% at Chrysler (Dodge), 26% at GM, 15% at Ford. I guess folks aren’t too keen on buying gas guzzling monstrosities when gas prices are rising rapidly. This is bad news for […]