• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • auto bailout

    The Auto Bailout: So Wrong in So Many Ways

    There’s been a lot of good discussion on the auto bailout over the past day or so. And by good discussion, I mean pointing out how utterly ridiculous an auto bailout is. Our own James Gattuso lays out Congress’s plan in his latest paper: “Eligibility for the program is limited … More

    Don't Play Pelosi's Head Games

    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 … More

    Video: This Week in Washington Dec. 8-12

    [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, … More

    Morning Bell: 'We Don't Want Government to Run Companies'

    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, … More

    The Auto Bailout: A Lesson from the Russians?

    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 … More

    The Big Three’s Plans for Change

    A few weeks ago, CEOs from Detroit’s Big Three flew to Washington in their private planes asking for $25 billion. They were ridiculed for flying private jets and Congress sent them home, demanding they needed a comprehensive plan to even consider loaning this kind of money to the automakers. They … More

    Corporations of the World Unite!

    So the Big Three automakers returned to Washington yesterday, this time with slightly more specific plans on how they plan to spend taxpayer money to fix their faltering businesses. But it turns out that not all three of the automakers are really even asking for cash right now: While GM … More

    Not All Michiganders Want to Be on Federal Dole

    From the New York Times today: In interviews across the state over the last two weeks, criticism of the automakers’ request surfaced again and again. Many people said they had long watched Michigan’s economy strain and falter — in no few cases causing the collapse of their own employers and … More

    Saving Detroit

    June 4, 2008, must seem like light years ago for Detroit. On that Wednesday night, the Detroit Red Wings hoisted Lord Stanley’s Cup in Hockeytown, U.S.A. Since then, it’s been nothing but the doldrums. The Detroit Lions have managed to lose every single football game in the 2008 season and … More

    Cars Will be Made in the U.S.

    The Wall Street Journal ran a great article on those ‘other’ car manufacturers we have in the U.S. The takeaway: These are the 12 “foreign,” or so-called transplant, producers making cars across America’s South and Midwest. Toyota, BMW, Kia and others now make 54% of the cars Americans buy. The … More