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GM, Chrysler, and Ford, and the automotive industry collapse
For a long time now, the news has featured endless stories about the decline and fall of the American automotive industry. The wounds opened in the 1970s, when Japan’s small and efficient imports...
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Ryan Avent: A bailout for carmakers wont save jobs or the economy |
Via his blog, Ryan Avent commenting on the impending auto industry bailout in the Guardian: More important still is the opportunity cost of saving the automakers. It is suggested that millions of jobs...
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Robert Reich: The Real Difference Between Bankruptcy and Bailout
While I am on the topic of the auto industry, bailouts, this gem from Robert Reich: When a big company that gets into trouble is more valuable living than dead, there used to be a well-established...
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Tom Evslin on the auto industry bailout
Ignore for a moment the fact that Detroit may not have a design ready to satisfy the following plan. Ignore also the time it would take to retool their plants. What appeals about this idea is the...
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George Will on the auto industry bailout
As a follow up to the series of commentaries I’ve posted here, builidng on this post from the other day, the below is George Will commenting on the impending bailout. Six decades later, a rescue...
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Big Three CEOs Flew Private Jets to Plead for Public Funds
In case there was any question about how flat footed the auto industry is in gauging public sentiment and portraying itself in ways that build sympathy, well, here’s a reminder… Big Three CEOs Flew...
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A GM essay worth reading
As a follow up to the series of commentaries I’ve posted here, building on this post from the other day, there has been so much news about the second round of hearings over the auto industry crisis and...
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