A Minimum Wage Indeed
University of California, Irvine Professor of Economics David Neumark and Federal Reserve Board Division of Research and Statistics Associate Director William Wascher have a new… Read More
University of California, Irvine Professor of Economics David Neumark and Federal Reserve Board Division of Research and Statistics Associate Director William Wascher have a new… Read More
CNBC’s Maria Bartiromo has a must read interview with Rep. Barney Frank (D-MA) in Business Week. Bartiromo asks: Should GM (GM) acquire Chrysler? I’m not… Read More
So desperate for a government takeover of the U.S. auto industry, some on the left are now stooping to borrowing rhetoric from Vice President Dick… Read More
There is not a ton of common ground between the Heritage Foundation and Neo-Keynsian Joseph Stiglitz. But it appears we do see eye to eye… Read More
With the Senate’s rejection of a bailout for Detroit’s ailing automakers, there now comes word that President Bush is actively considering using funds allocated by… Read More
There’s been a lot of good discussion on the auto bailout over the past day or so. And by good discussion, I mean pointing out… Read More
A key provision of proposed legislation to bailout General Motors and Chrysler, which say they are on the brink of insolvency, may be an unconstitutional… Read More
At first Speaker Nancy Pelosi (D-CA) said she would never support an auto bailout bill that used money originally set aside to help Detroit develop… Read More
At the height of the campaign season, House Oversight Committee chair Henry Waxman (D-CA) held a number of hearings on the burgeoning financial meltdown including… Read More
A Christian Science Monitor article this morning argues that Roosevelt didn’t spend enough to jolt economy into recovery. Only when spending skyrocketed for World War… Read More
From the NYT‘s write up on President-elect Barack Obama’s promised public works program: Mr. Obama’s plan, if enacted, would be in part a government-directed industrial… Read More
A few weeks ago, CEOs from Detroit’s Big Three flew to Washington in their private planes asking for $25 billion. They were ridiculed for flying… Read More
So the Big Three automakers returned to Washington yesterday, this time with slightly more specific plans on how they plan to spend taxpayer money to… Read More
June 4, 2008, must seem like light years ago for Detroit. On that Wednesday night, the Detroit Red Wings hoisted Lord Stanley’s Cup in Hockeytown,… Read More
The Wall Street Journal ran a great article on those ‘other’ car manufacturers we have in the U.S. The takeaway: These are the 12 “foreign,”… Read More
It’s bad enough that there are already legions of lobbyists lining up in Washington for their slice of the upcoming $700 billion-plus pie. But when… Read More
Big labor apologist EJ Dionne Jr. asserts in the Washington Post today: The failure of the Big Three is regularly attributed to the high wages… Read More
President-elect Barack Obama signaled last week that even if Congress does not bailout Detroit’s Big Three this month, he will push for federal help once… Read More
Great little spoof of the auto bailout hearings from the guys over at Reason.tv. It would be funnier if it wasn’t so true: [youtube]http://www.youtube.com/watch?v=aRVRTTMwhK8&eurl=http://reason.tv/video/show/614.html&feature=player_embedded[/youtube]
SNL hit a homerun with their opening skit this weekend hitting Congress and the Big Three on the inevitable auto bailout. The best exchange is… Read More
According to The Center for American Progress, pointing out that much of FDR’s New Deal only prolonged the Great Depression is just a “favored pasttime… Read More
A major reason the Big Three auto makers can’t turn a profit as they are currently organized is due to the generous union contracts they… Read More
Great catch by Brian Faughnan over at Red State. He flags this Barney Frank interview with NPR: But let me ask you about the first… Read More
Bankruptcy expert and George Mason University School of Law professor Todd Zywicki makes a concise case for why GM must enter bankruptcy before the federal… Read More
Heritage Senior Research Fellow James Gattuso appeared on Hardball with Chris Matthews last night to talk with Pat Buchannan about the auto bailout. Gattuso has also… Read More
There are already so many good reasons Congress should deny the Big Three a bailout, but the cost it will inflict on America’s free trade… Read More
Earlier this week we documented how Treasury Secretary Hank Paulson’s erratic behavior has become perhaps the single most disruptive force in the global economy. But… Read More
Failure is a part of U.S. business culture. That is why Americans feel extremely comfortable buying tickets from bankrupt airlines, electronics from bankrupt retailers, and… Read More
Reporting on Fannie Mae’s and Freddie Mac’s new program to reduce monthly mortgage payments for those people who have missed at least 90 days worth… Read More
President-elect Barack Obama’s chief of staff Rahm Emanuel declined to reassert Obama’s campaign promise to end the secret ballot in union organizing elections yesterday. The… Read More
