Tag Archive | "bailout"
1979 Chrysler loan taught auto industry to plan obsolescence
……. The Associated Press has reported that the domestic auto industry should look to a previous government-financed loan during the Carter administration to understand how to properly wheedle the American people out of their money. Still, the Chrysler chapter offers lessons to the executives of General Motors Corp., Ford Motor Co. and Chrysler LLC — the [...]
Continue reading...Detroit automakers have made their own mess
Wednesday, November 19, 2008
The Big Three automakers are now insisting that the US economy will suffer in dire and unimaginable ways if they aren’t immediately kept afloat by government loans. Attracted to their cause are Senate Democrats, who have extended an offer of a bailout package - an idea opposed by the Bush administration. Carmakers claim that we’ll see [...]
Continue reading...SNL actually does something that’s funny
Tuesday, October 7, 2008
I haven’t been a particularly big fan of Saturday Night Live lately, but I think they hit a rare homerun with their “bailout” sketch this week…
Continue reading...Neel Kashkari to run bailout
Monday, October 6, 2008
Apparently the White House will soon appoint Neel Kashkari to head the Treasury Department’s Office of Financial Stability. Kashkari is currently the assistant secretary for international affairs for the Treasury Department. He is a former VP at Goldman Sachs. Neel is referred to as an “Indian-American” - no idea if he himself is from India, [...]
Continue reading...Bailout bill gets $100B worse
Friday, October 3, 2008
The bailout bill that the House rejected on Monday has been reformulated - now with $100 billion more largely unrelated spending! None of this is really relevant to the actual bailout effort, and it’s unfortunate that we’re going to get charged $800 billion for the supposed benefit of $700 billion. All this, just to fire [...]
Continue reading...Congress needs to act now!
Monday, September 29, 2008
I know it’s not a popular proposal among most conservatives, but some sort of massive “bailout” (we’ll use that term, even though it’s incorrect) has to be passed through the House in the next 72 hours or we are facing serious trouble. I don’t like the Wall Street clowns that have been taking $50 million Christmas [...]
Continue reading...Bailout bill rejected; Dow drops
Monday, September 29, 2008
he bailout bill, supported by the White House and expected to pass, has been voted down 228-205 by bipartisan opposition. The resulting panic caused the Dow to drop a total of 778 points, the most ever since October of 1987. Ben Pershing from the Washington Post gives some insight into why the measure failed: The simplest [...]
Continue reading...We need a recession to save us from ourselves
Sunday, September 21, 2008
Market downturns are a fact of life when it comes to capitalism. This is something that the Bush administration, apparently bending to popular jibber-jabber, has historically failed to realize over the last eight years. Quick, dramatic band-aids are not the solution. Simply pouring money into economic stimulus packages, bailouts and so on is largely nonsense [...]
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Sunday, November 23, 2008
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