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By Jacob Heilbrunn
$17.16
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By Christopher de Bellaigue
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$21
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businessweek.com
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Here’s yet another sign of the econo-polcalypse: Toyota Motor Corp., which has been profitable for decades thanks to steady sales and shrewd leadership, has predicted a loss for the first time in 70 years.
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freewebs.com
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Although President Bush has kicked off the auto industry bailout process before leaving office, some would call Bush’s strategy more of a punt to his presidential successor, Barack Obama.
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Illinois’ Governor of Ill Repute is the focus of some lively exchanges among “Left, Right & Center” co-hosts/government corruption watchdogs Tony Blankley, Matt Miller, Robert Scheer and Arianna Huffington. Also: Who’s Steven Chu?
Posted on Dec 12, 2008
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Flickr / Franco Folini
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As congressional leaders, the White House and President-elect Obama came to terms with a $15-billion loan package for the auto industry, Sen. Chris Dodd suggested Sunday that not all executives should stick around to spend that money. GM CEO Rick Wagoner “has to move on,” the senator declared on “Face the Nation.”
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AP photo / Paul Sancya
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By Michael D. Intriligator — Considering only two options for an imperiled General Motors —either bailout by the U.S. government or bankruptcy—omits an important alternative, which I see as the best option: a takeover of GM by Toyota Motor Corp.
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aolcdn.com
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With a bailout of the Big Three hovering over our political landscape, popular opinion has signaled a considerable voice against any federal support for the failing auto industry. A poll shows 61% of Americans oppose a bailout, believing any government assistance would be both unfair and ineffective in fixing the economy.
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AP photo / Carlos Osorio
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By Titus Levi — There’s no guarantee that a bailout would save the incompetently managed American automobile industry. However, doing nothing may be worse, especially for the state of Michigan.
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washingtonpost.com
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Republican Sen. Richard Shelby seems to be one of the only real capitalists left on Capitol Hill. The Alabaman argued Wednesday that U.S. auto firms should be left to the realities of the market, letting companies like Ford, GM and Chrysler go bankrupt and forcing the failing industry to carry out what Shelby believes are much-needed reforms.
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Flickr / SteelCityHobbies
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The chief executives of the Big Three American car companies head to Washington Tuesday along with the head of the United Auto Workers to beg Congress for a bailout that seems less and less probable.
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By E.J. Dionne, Jr. — The GM-UAW labor contract could prove to be a victory of innovative thinking in the private sector. Now politicians should be clear on how they would attack the deepening problems that confront working people.
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