Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/auto-industry bailout

Elevated from Comments: The Other Half of the Answer

…business opens on Monday. Everyone had been anticipating a deal over the weekend—without one, CFOs and Treasurers get antsy. Noon, the House votes down the bailout package. Immediately, wire and…

Now is the time to start worrying

…the “take-charge, we-don’t-need-no-stinking-debate” MAVERICK: I do not believe that the [ill-considered $700,000,000,000 bailout] plan on the table will pass as it currently stands, and we are running out of time….

GM Obama and Romney

…he bet on failure and lost. update: Josh Marshall wrote this better here Yes, both Obama and Romney favored the companies going through managed bankruptcy. But the US auto industry

State Unemployment Rates

…since their unemployment rates peaked. I think this is an important thing to consider when we evaluate the impact of the auto bailout and why Obama appears to be leading…

When Economic Stress Becomes Terrorism

…tax return. Stack acknowledged his errors but was apparently driven over the edge by the federal government’s bailout last year of various troubled banks and auto companies. Stack wrote that…