Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on
05-31-2009
Filed under:
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business
Former Bush administration Press Secretary Scott Mcclellan wrote a book that was deeply lauded in liberal circles for calling out the President on many issues that no one in the tightly controlled Bush "inner circle" had thus far not challenged. In What Happened, Mcclellan claims that, among...
Unless you've been living in a bubble, you know that the UAW (United Auto Workers) is now in control of 55% of Chrysler stock as part of their agreement with the White House and the Bankruptcy courts. So it would seem that the UAW would then in effect be running the Chrysler Corporation, not so....
One of the greatest movie villians ever to chew the scenery once said there is a "Klingon proverb that tells us revenge is a dish that is best served cold". There is a similar proverb, probably not Klingon though, that tells us a Week in Review post is best served with bullet points. Am I the...
Last week, when President Obama announced Chrysler’s impending bankruptcy, he lambasted “a group of investment firms and hedge funds that held out” by refusing to go along with the government’s proposal. The President could not have been clearer about his ire toward the group...
Last week, in a highly-anticipated move, Chrysler formally filed for bankruptcy. Unfortunately, the company’s ongoing economic woes might not be the greatest obstacle that the company will need to overcome in the near future. The bigger obstacle for them may turn out to be the public perception...