The new plan for GM and Chrysler unveiled yesterday by the administration has caused quite a stir, especially among the bondholders and the UAW. The reason: President Obama, in his presser regarding the plan,...
I Haz a Headache. GM’s stock price took a big hit today as it lost about 25% of its already middling value. The company, despite well-publicized efforts at resuscitation, is again on a gurney...
I put together this video summary as a permanent goodbye to 2008, a rough year for economists, but a great year for Obama-ists! The Ramones I Wanna Be Sedated is the perfect summation of...
Yesterday, following the rude demise in the Senate of a legislative response, my hope for the Big 3 and, by extension, the economy, included most prominently the use of Troubled Asset Relief Program (TARP)...
Welcome to the Lesser Depression. With a procedural vote of 52 to 35 the Senate voted to not proceed to consideration of the $14 Billion Big 3 auto loan package passed by the House...
Wage Wars. There’s a very fine essay at Down With Tyranny (DWT) discussing and roundly criticizing the growth of the distorted claim that auto workers, on average, make $70.00 per hour. As you can...
