Big Corporations Get Big Bailouts ot sure who will read this, but I saw Mr Cerf on CSPAN this morning and he got me thinking – Big Corporations Get Big Bailouts. I’m a recently unemployed Detroit union autoworker. This whole Detroit situation was avoidable and now I and countless others are victims of someone’s hateful […]
Third time’s a charm, maybe? I’ve compiled three of these lists now. In 2006, I issued the first one, looking back on everything George W. Bush has adversely affected since he first arrived in the Oval Office. Just a damage assessment, really. At the time, I thought it would be instructive to look back, at […]
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.
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.
by Robert Reich — Friday’s employment report, showing that employers cut 533,000 jobs in November, 320,000 in October, and 403,000 in September — for a total of over 1.2 million over the last three months — begs the question of whether the meltdown we’re experiencing should be called a Depression.
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?