Last week, the House of Representatives passed another bailout of the automobile industry, though they did their best to disguise the bailout as a way to clean up our skies by giving people rebates (to the tune of $4,500) to buy more gas-efficient vehicles. Matt Margolis touched on the program known...
It doesn't matter if you support or oppose the decision by General Motors (and apparently the decision of the United States Government) for the auto company to file bankruptcy. The fact remains, the highly touted bailouts which were intended to stave off bankruptcy failed, and the Obama administration...
Posted to
AIP Blog
by
Justin Higgins
on 06-02-2009
Filed under: Obama, bankruptcy, auto industry, Troubled Asset Relief Program, bailout
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: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business