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
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...
Maybe Detroit isn’t completely hopeless. Maybe? Michigan’s biggest city is also the most dangerous in the country , was ranked by Forbes as the worst big city in the nation for jobs and is the second emptiest in the United States courtesy of a 22.2 percent unemployment rate, the ugliest seen...