SNL Does Auto Bailout Right
SNL hit a homerun with their opening skit this weekend hitting Congress and the Big Three on the inevitable auto bailout. The best exchange is… Read More
SNL hit a homerun with their opening skit this weekend hitting Congress and the Big Three on the inevitable auto bailout. The best exchange is… Read More
According to The Center for American Progress, pointing out that much of FDR’s New Deal only prolonged the Great Depression is just a “favored pasttime… Read More
A major reason the Big Three auto makers can’t turn a profit as they are currently organized is due to the generous union contracts they… Read More
Great catch by Brian Faughnan over at Red State. He flags this Barney Frank interview with NPR: But let me ask you about the first… Read More
Bankruptcy expert and George Mason University School of Law professor Todd Zywicki makes a concise case for why GM must enter bankruptcy before the federal… Read More
Heritage Senior Research Fellow James Gattuso appeared on Hardball with Chris Matthews last night to talk with Pat Buchannan about the auto bailout. Gattuso has also… Read More
There are already so many good reasons Congress should deny the Big Three a bailout, but the cost it will inflict on America’s free trade… Read More
Earlier this week we documented how Treasury Secretary Hank Paulson’s erratic behavior has become perhaps the single most disruptive force in the global economy. But… Read More
Failure is a part of U.S. business culture. That is why Americans feel extremely comfortable buying tickets from bankrupt airlines, electronics from bankrupt retailers, and… Read More
Reporting on Fannie Mae’s and Freddie Mac’s new program to reduce monthly mortgage payments for those people who have missed at least 90 days worth… Read More
President-elect Barack Obama’s chief of staff Rahm Emanuel declined to reassert Obama’s campaign promise to end the secret ballot in union organizing elections yesterday. The… Read More
Barack Obama pushes for a $500 billion stimulus. Communist China announces a $586 billion economic stimulus. Barack Obama is pushing for a government bailout of… Read More
In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting… Read More
Congress is considering increasing the length of time unemployed workers can collect unemployment insurance (UI) benefits. Normally unemployed workers can collect UI benefits for up… Read More
Lynne Kiesling highlights these daunting numbers from David Yermack’s WSJ piece: • GM and Ford are two companies that made the most money-losing investments in… Read More
Is there nothing the liberals on Capitol Hill will not throw money at? MIT Professor Andrew Lo testified before the House Oversight Committee last week… Read More
Heritage Senior Research Fellow James Gattuso explains what happens when bankruptcy is declared and why it is a better option for Detroit Automakers [youtube]http://www.youtube.com/watch?v=6wKGODqsZ2o[/youtube]
This week Capitol Hill is focused on bailing out the Big Three auto makers. But come January throwing money down the Detroit money hole will… Read More
Congress is facing a few road bumps during this lame duck session to pass any legislation. The Omnibus Lands Bill that restricts energy exploration has… Read More
This week the executives of the Big Three auto makers are expected to testify on Capitol Hill. As Heritage Senior Legal Analyst Andrew Grossman points… Read More
Heritage U.S. Senate Relations Director Brian Darling writes in Human Events: The Democratic leadership in Congress and President-elect Barack Obama have an ambitious stimulus list,… Read More
Wanna know why Ford and GM lost billions this quarter while Toyota posted a tiny profit? University of Michigan at Flint professor of economics Dr…. Read More
The most important thing to remember as Capitol Hill debates the auto bailout this week, is that the incestuous relationship between big business, big labor,… Read More
If you’re reding this blog, you’re probably already a fan of George Will and probably already read his column this weekend. But just in case… Read More
George Soros has written three books warning of an impending financial crisis. He admits to being like the boy who cried “wolf,” adding he was… Read More
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:… Read More
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… Read More
Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections,… Read More
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… Read More
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… Read More
