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The Unholy Union of Automakers and Financing
1 comment on The Unholy Union of Automakers and FinancingTime to smack the auto industry and the UAW again. From a column in yesterday’s Wall Street Journal: The collective bargaining agreement with the UAW is a heavily negotiated document the size of a small…
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A Golden Opportunity for a Higher Gas Tax
Charles Krauthammer burnishes his credentials as a member of the Pigou Club with a cover story in the January 5, 2009 edition of Weekly Standard, titled “The Net-Zero Gas Tax: A Once-in-a-Generation Chance.” (Hat tip:…
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Bush Punts Auto Bailout to Obama’s Team
Color me unsurprised. The Bush administration said it would lend $17.4 billion to General Motors Corp. and Chrysler LLC, buying them a few weeks of financial relief but leaving the biggest decisions about the industry’s…
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"We simply cannot ask the American taxpayer to subsidize failure"
You go, Mitch McConnell! Here’s hoping enough GOP Senators stay in line to filibuster the auto industry bailout. From another MM: The so-called “Wall Street bailout” was different — rather than being focused on particular…
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Congress May Have a Spine on Auto Bailout
Here’s why Congress ought to hold the line and refuse to bail out the automakers (emphasis added): Requiring car companies to meet corporate average fuel economy (CAFE) standards forces them to lose money on small…
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Mr. Obama: Declare War on Rube Goldberg
In today’s Wall Street Journal, Holman Jenkins identifies the key culprit in the current economic woes. It’s not Hank Paulson or Hank Greenberg or Stan O’Neal or even George Bush. The most formidable enemy of…