At first Speaker Nancy Pelosi (D-CA) said she would never support an auto bailout bill that used money originally set aside to help Detroit develop fuel-efficient vehicles. But she relented. Then Pelosi claimed she wouldn’t support a bailout bill unless the Big Three promised to drop their lawsuit against California’s …
[youtube]http://www.youtube.com/watch?v=cyPQ5ARVzOo[/youtube] Automakers or on the Hill this week making their case for a taxpayer sponsored bailout bill. Heritage’s James Sherk wrote a paper on why Bankruptcy would be the best option by allowing them to reorganize. The new 621 Million Dollar Capitol Visitor Center opened last week and it gives a one-sided, …
Sunday on NBC’s “Meet the Press,” President-elect Barack Obama told Tom Brokaw, “We don’t want government to run companies. Generally, government historically hasn’t done that very well.” Obama is right. Government has a miserable record as a corporate manager. We shouldn’t want politicians or federal bureaucrats managing private companies. Unfortunately, …
Not only can we learn from the Russians, the Russians can learn from themselves. This comes from Marginal Revolution: One headline reads: Detroit Bailout is to Bring on U.S. Oversight The other reads: In Hard Times, Russia Moves to Reclaim Private Industries The Russian automobile sector, however, appears to be …
