-
A Disconnect in Romney’s Plan for Reviving the Auto Industry
3 comments on A Disconnect in Romney’s Plan for Reviving the Auto IndustryFormer presidential hopeful Mitt Romney has an op-ed in today’s New York Times titled “Let Detroit Go Bankrupt.” His prescription for saving American automakers through Chapter 11 begins with these two steps: First, their huge…
-
Bankruptcy is the Right Medicine for Automakers
Look at the bright side – GM stock only has $3 farther to fall. (From Yahoo Finance) The more I read and think about a potential further bailout of the auto industry, the nuttier the…
-
Bailout Wisdom from Various Sources
Bill Whittle recently had a very painful medical mishap, which inspired him to refer to “the $700 billion kidney stone the economy is trying to pass.” He prescribes some therapeutic pain: Every decision we make…