Walter Brasch: We can wave flags and tell everyone how much more patriotic we are than them, but we still can’t buy a minivan made in America by unionized workers—even when the price is lower than that of the non-unionized competition.
Randy Shaw: Considering that polls show that 99% of all women and 98% of Catholic women who have had sex have used contraceptives, Democrats should follow Senator Barbara Boxer’s lead and aggressively frame the November elections around this issue.
Scott Prosterman: Karl Rove’s articulated objections to the Chrysler ad, which is paraphrased as, “How dare anyone take the high road with a positive message unless is it also trashes Obama and promotes Republican ideals.”
Brent Budowsky: The Hope America Fails Republicans cannot handle the truth that the auto policy worked wonders. The Republicans can’t handle the truth, because they are so negative that what is good for America is bad for Republicans!
Marian Wang: The U.S. Treasury still holds a stake in Chrysler that it intends to sell, and an Obama administration official has said that the government doesn’t expect to fully recover about $1.9 billion in remaining investments.
Robert Reich: Tea Partiers have almost as much contempt for big business and the Street as they do for government. After all, the Tea Party was born in anger over the Wall Street bailout. This is the heart of the civil war in the GOP.
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 […]
Have you noticed how since the Big O got elected America has lightened up? I mean all of a sudden its OK to be American. We are starting to see that we can laugh at jokes about ourselves. I mean if the President can laugh it must be okay for all of us to do […]
America has embraced Lemon Socialism. The federal government — that is, you and I and every other taxpayer — has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We’ve also put hundreds of millions into Wall Street banks, which are still flowing red ink and seem everyday to […]
by Robert Reich — What now for the automakers? The Troubled Assets Relief Program — TARP — was enacted to save Wall Street but it’s already been so twisted out of its original shape by Hank Paulson that a bit more twisting to save the Big Three from bankruptcy over the next few weeks won’t […]
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.
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.