Barack Obama: Guidance Counsellor in Chief
This morning, Yahoo news is running the headline, "Obama says financial sector to shrink": The financial sector will make up a smaller part of the U.S. economy in the …
Category: Business
Chrysler Bankruptcy Hardball: The Shape Of Things To Come
There was dramatic announcement made Friday about some tactics used in the Chrysler negotiations that occurred just prior to the company filing for bankruptcy. As Michael discussed on below, …
This is Why the UAW Should Not Own 55% of Chrysler
We know that part of the terms of the Chrysler "bankruptcy" is that the UAW health trust will get 55% of Chrysler's shares. Already the UAW is proving to …
The old bait and switch, again
Our own HughS has done an excellent job of outing the bait-and-switch aspect of the Geithner PPIP bank bail-out plan. Now, Mike at RortyBomb (who generally leans left-of-center on …
Hoveround Users of The World, Unite!
I doubt that General Motors executives ever, in their wildest dreams, imagined that one day their chief competitor might be The Scooter Store: General Motors Corp. is teaming with...
General Motors And AIG
The Obama administration has given General Motors 60 days to come up with a plan to justify another round of tax payer infusions that would ostensibly stave off a …
Why General Motors and Chrysler Need to Declare Bankruptcy Immediately
I have written several times now why it's in GM's best interest that they declare bankruptcy. I have provided general reasons why. Steve Priestap, my husband, offers specifics why …
As Expected: Obama to “Consult” with GM Regarding New Board Members
The US government will "consult" with GM to replace its board of directors. We all know who the government will put on this board. UAW heads, environmentalists, and others …
Because the US Auto Industry is Still Showing Signs of Life
US Department of Transportation has issued new and tougher MPG standards: The U.S. Department of Transportation has ordered automakers to increase fuel mileage in cars and light trucks to …
Obama Signals General Motors Bankruptcy
The Obama message machine began prepping the media for the bankruptcy of General Motors late yesterday. Bloomberg reported last night that the President has decided that bankruptcy is the …