Bailout The Eight Track Makers!
From Tom Friedman’s While Detroit Slept: “[O]ur bailout of Detroit will be remembered as the equivalent of pouring billions of dollars of taxpayer money into the mail-order-catalogue business on the eve of the birth of eBay. It will be remembered as pouring billions of dollars into the CD music business on the eve of the [...]
Hooray for Capitalism
Image via Treehuggger.com via Boing-Boing.
Bailout Who For What Again?
From Organization & Market’s In Praise of the US Auto Industry: “The proposed bailout of GM, Ford, and Chrysler overlooks an important fact. The US has one of the most vibrant, dynamic, and efficient automobile industries in the world. It produces several million cars, trucks, and SUVs per year, employing (in 2006) 402,800 Americans at [...]
Why The Waxman Thing Is Important
From AlterNet’s Call it What it Is: Corruption: “In a functional democracy — one where lawmakers pursue the public interest — the stock prices of politically connected companies or industries shouldn’t be impacted by the changing fortunes of politicans with whom they’re cozy. But yesterday, Representative Henry Waxman (D-CA) wrested control of the influential House [...]
This Really Is The Only Answer
From Seth Godin’s What to do about Detroit: “Not only should Congress encourage/facilitate the organized bankruptcy of the Big Three, but it should also make it easy for them to be replaced by 500 new car companies. Or perhaps a thousand. That’s how many car companies there were 90 years ago. That’s right, when all [...]
One Reason Detroit Should Be Allowed To Fail
From ABC News’ Big Three CEOs Flew Private Jets to Plead for Public Funds: “The CEOs of the big three automakers flew to the nation’s capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid [...]
