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  • auto bailout

    All Megan, All the Time

    The Atlantic’s Megan McArdle has been tackling the proposed auto bailout like a champ. Here are just some of her contributions from the past week: On why Congress can’t fix Detroit: Indeed, a bailout will mute the one thing that sometimes does turn around dysfunctional management: the shock value of … More

    Morning Bell: Do You Trust Congress to Run the Auto Industry?

    Both the House and the Senate are set to gavel back into session this week, and both chambers’ first order of business will be a proposed bailout for Detroit’s Big Three: General Motors, Ford and Chrysler. Rep. Barney Frank (D-MA) and Sen. Carl Levin (D-MI) will introduce legislation to carve … More

    The Auto Bailout & The Bankruptcy Myth

    When I think of bankruptcy I think of this. That’s right, the Monopoly Guy. Pockets empty. Shoulders shrugged. Game over. All the jobs will be wiped off the face of this earth and bulldozers will tear down the buildings. I’m guessing a lot of people think this way when they … More

    The Next Bridge to Nowhere

    In the video below, Sen. Carl Levin (D-MI) describes the inevitable bailout of the auto industry as “a bridge to the future.” [youtube]http://www.youtube.com/watch?v=3w8jEKoX5-Q[/youtube] A “bridge to nowhere” is more like it. As David Brooks notes today: Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward … More

    Czars We Can Believe In

    The communists that dethroned Czar Nicholas II were the first to implement “central planning” but President-elect Barack Obama is doing his best to match both the czar’s and the communist’s commitment to autocratic style. Just this week alone there have been reports of an auto czar, an energy czar, and … More

    Conservatives Could Hold the Stop Sign on Auto Bailout

    From the front page of the NY Times: The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week. “ The 60 votes necessary to pass the bill in … More

    Morning Bell: Washington's Unprecedented Power Grab

    On Nov. 9, the communist Chinese government announced a $586 billion economic stimulus plan that party leaders hailed as a “New Deal” for the people. Here in the United States, a supposedly “conservative” administration has already enacted $333 billion in “emergency” spending bills and another $105 billion in tax rebate … More

    Theft Done Right

    George Mason’s Don Boudreaux has a snappy response to Center for American Progress suggestions that If It Happens, The Auto Industry Bailout Needs To Be Done Right: While it’s true that some ways of bailing out this industry would be less harmful than other ways, there is absolutely no “right” … More

    Morning Bell: No 'Change' Coming to Corporate Bailout Parade

    According to reports, ailing U.S. automakers are already lobbying the Obama transition camp for a taxpayer-financed bailout, and they’ve turned up the dial on doom and gloom in recent weeks to make government action appeal all the more pressing. General Motors, for one, says it will run out of cash … More

    Propping Up a Failing Auto Industry

    According to the latest news, the only obstacle remaining to complete a merger between General Motors and Chrysler is $10 billion in taxpayer money. Jui Chakrovorty Das and Kevin Krolicki detailed that GM and Cerberus Capital Management, the owner of Chrysler “have resolved the major issues in a proposed GM-Chrysler … More