Steve Hochstadt: Karl Rove and John Boehner agree on this: We hate Obama. Obama helped Detroit. A union is involved. The revival of American cars is a Democratic success story. So take your Detroit jobs and shove ‘em.
Rushing to beat a deadline, General Motors and Chrysler last Tuesday afternoon filed required restructuring plans with federal officials. Chrysler wants $5 billion more in federal loans to stay afloat. GM needs another $9.1 billion now, with more requests likely down the road. The short-term question of whether the two auto giants warrant a bailout [...]
The Stimulus: How to Create Jobs Without Them All Going to Skilled Professionals and White Male Construction Workers
The stimulus plan will create jobs repairing and upgrading the nation’s roads, bridges, ports, levees, water and sewage system, public-transit systems, electricity grid, and schools. And it will kick-start alternative, non-fossil based sources of energy (wind, solar, geothermal, and so on); new health-care information systems; and universal broadband Internet access. It’s a two-fer: lots of [...]