Tag Archives: loans

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 […]

Why we might need more deficit spending

On the 2nd of this month I wrote a short snarky post about the explosion of our national deficit. I still think it was dangerous and stupid to borrow so much money (from China mainly) in a time of economic prosperity to spend on the war in Iraq and tax cuts for the rich. However, […]