’Twas the Blight Before Christmas

electioneering

Walter Brasch: Sometimes, being bathed by the wisdom of the Founding Fathers’ that all views should be heard, even the ones we disagree with, even the ones that may not be truthful, may be more than any citizen should have to endure.

A Tale of Two Romneys

George Romney

Brent Budowsky: If George Romney were here today, Mitt Romney would probably be calling him a European socialist, while George Romney would probably be supporting the auto policies of Obama and possibly endorsing Obama for reelection.

President Obama: A Radical Liberal Moderate Conservative Socialist Corporate Stooge?

obama collage

Julie Driscoll: What the left views as weakness and the right views as radicalism, I view as brilliance. Anyone who thinks he’s weak hasn’t been paying attention.

Exploit This Tragedy

bill gates

Tina Dupuy: The “don’t exploit this tragedy” knee-jerk catch-all phrase is absolutely meaningless. In American politics, we rule by crisis. There is no political will to act unless something is burning, melting or spewing. We don’t plan for the future – we brace for it.

Detroit as a Farm

Detroit

David A. Love: That we’ve reached the point of entertaining the idea—of turning Detroit into a semi-rural city—reflects both a crisis of failed urban policies, and an opportunity to rebuild from the ashes.

The New Volt and an Old Nash Rambler

1956_Nash_Rambler

American Motors and Nash have long-since disappeared. But if the auto industry could build that kind of fuel-efficient, gas-powered engine in the 1950s, why did it stop and why is the Volt such a big deal?

“Cash for Clunkers” Exposes Media’s Anti-Government Bias

cash-for-clunkers

If anyone seeks further evidence of the traditional media’s profound anti-government bias, consider its response to the enormously popular “Cash for Clunkers” program.

The Auto Bailout: A Bad Deal

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With the economy tanking and unemployment skyrocketing, you’d think the Obama administration would be doing all it could to save jobs. But if its auto bailout plan is any indicator of its current direction, we’re on our way to losing a lot more jobs.

Economic Recovery Will Be More than Trusting President Obama’s Stimulus Plan

bottom-feeder

The Audacity Of Greed should be the title of President Obama’s next book. Never could he have imagined how tough getting out of an economic recession (borderline depression) when he signed up for the presidency. He knew the job was tough when he took it, he just didn’t know that greed would continue to trump […]

And Now Homeowners

homeowners

The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a […]

The Debate to Come over Wall Street, Autos, and Everything Else: Cyclical or Structural?

problem

by Robert Reich – First prediction for 2009: A widening gap between the public’s view of the bailouts of Wall Street and Detroit, and the views of the direct beneficiaries. The public believes the bailouts will permanently change these industries, but industry insiders don’t really want to change.

So Long GM, See Ya’ Chrysler — Hope America Enjoys The Second Great Depression

by Charley James – In the 1950s, “Engine” Charley Wilson – then chairman of General Motors – said “What’s good for GM is good for America.” We’re about to find out that the reverse is also true.

Bail Out the Big Three and Revitalize the Economy

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by John Paul Rossi – The other week, the appeal of the Big Three’’s executives for a $25 billion taxpayer bailout for their desperately ailing firms failed. Neither the fractious lame duck Congress, nor the Bush administration were willing to help.

Why the Automakers Won’t Make Fuel-Efficient Cars, Even as the Price of Being Bailed Out

detroit

by Robert Reich – Telling automakers to make more fuel-efficient cars as a condition of being bailed out is like telling Citigroup or any other big bank to issue more affordable loans to Main Street as a condition of being bailed out. It won’t happen.

Prescription for an “Ailing” Industry: Take It Over

by Carl Bloice – It is hemorrhaging fast and no end to the blood-letting seems to be in sight. No question, something has to be done about the auto industry. But what?

Obama, Democrats, Tackle Climate Change While Bush Adds To His Poisoned Legacy

Thursday morning, House Democrats took firm control of the environment issue by ousting Energy and Commerce Committee chair Rep. John Dingell. In his place, the caucus chose Rep. Henry Waxman. Besides seating a committed environmentalist as head of the influential energy committee, the vote removes one of the auto industry’s best friends from a key […]

A Bottom-Up Bailout Rather Than Trickle-Down

Hank Paulson has just about burned through $300 billion, and it’s not clear what the public has got out of it. Perhaps things would be worse without the bailout but they’re certainly no better. Wall Street banks have not significantly stepped up their loans to small businesses, college students, car buyers, or distressed homeowners. Much […]

The Mini Depression and the Maximum-Strength Remedy

by Robert Reich – This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we’ve experienced periodically over the last half century. Call it a Mini Depression.