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Auto Bailout

Do Globalist GOP Traitors Intend to Flat Out Kill the USA's Auto Industry?

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

What do you call someone who unnecessarily puts one of America's biggest industries at serious risk and sells out millions of his country's workers abilities to make an honest living?

The Republicans Want A Depression

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

At a time when the US economy cannot withstand another shock the Republicans have decided that is exactly what they want. Instead of helping Detroit out, they put ideology ahead of the country.

Bail Them Out? Why Not Take Over Their Healthcare Instead?

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Let's have the government assume the cost of providing health care to auto workers, and have it take the lead in deciding how those health dollars are spent.

Time for banking and auto workers to stage a sit-in

Eve Tahmincioglu | Posted 05.25.2011 | Business
Eve Tahmincioglu

Everyone thought that the 200 plus workers at a Chicago door and window factory were so quaint, staging an old-fashioned sit-in in today's all-about-m...

WallStrip: Does The Auto Industry Deserve A Bailout? (VIDEO)

WallStrip | Posted 05.25.2011 | Business

Does the US auto industry deserve a bailout? Amid the bailout's failure in the Senate, WallStrip asks the question. WATCH: ...

GM To Temporarily Close 20 Plants To Slash Output

AP | DAN STRUMPF | Posted 05.25.2011 | Business

NEW YORK — General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle pr...

Thanks, Senate! For Nothing

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Do you know what a piddling amount $14 billion is to the Federal Government? We just allocated 50 times that amount to Wall Street. But not a penny will Republican Senators allow to the crumbling auto industry.

Auto Bailout: White House Considers Using Wall Street Bailout Funds

AP | DAVID ESPO | Posted 05.25.2011 | Business

WASHINGTON — With Congress gridlocked and the economy floundering, the Bush administration declared Friday it would step in to prevent the "prec...

Senate to Middle Class: Drop Dead

Michael Moore | Posted 05.25.2011 | Politics
Michael Moore

The Senate decided that it is more important to break a union, more important to throw middle class wage earners into the ranks of the working poor than to prevent the total collapse of industrial America.

GOP to America: Drop Dead, or "What's in it for Me?"

David Fiderer | Posted 05.25.2011 | Politics
David Fiderer

Let's be clear, the Republican senators' moves against the Detroit bailout is not about $15 billion, which is a rounding error in the context of the Iraq surge or the financial bailout.

"Herbert Hoover Time"

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

There are defining moments in politics. By blocking the auto bailout, Republicans defined themselves. They are class warriors, willing to risk an economic calamity in order to break a union.

Auto Bailout Failure Plunges World Markets

AP | CARLO PIOVANO | Posted 05.25.2011 | Home

LONDON — European shares closed lower Friday amid a global stocks sell-off on worries the U.S. auto industry may go bust after the Senate refuse...

Walt Whitman on the Blagojevich Scandal (and Maybe Also the Auto Bailout Mess)

John Seery | Posted 05.25.2011 | Politics
John Seery

Walt Whitman, speaking from beyond the grave, with an eye toward our current ills.

GOP: White House Ruined Bailout Deal

AP | LAURIE KELLMAN | Posted 05.25.2011 | Politics

WASHINGTON — When the auto bailout talks collapsed, Sen. Bob Corker won by losing. The freshman Republican from Tennessee represented conservat...

Obama: Frustrated Auto Deal Fell Apart

AP | NEDRA PICKLER | Posted 05.25.2011 | Politics

WASHINGTON — President-elect Barack Obama is encouraging the White House and Congress to keep working on a rescue plan for the auto industry. O...

Cheney To GOP Senators: It's 'Herbert Hoover Time'

The Huffington Post | Posted 05.25.2011 | Business

Politico reports on Dick Cheney's private meeting with Republican Senators, at which he tried and failed to win their support for an auto bailout: S...

Why Detroit -- Like New York -- Shouldn't Be Allowed To Go Bankrupt

Jane Hamsher | Posted 05.25.2011 | Politics
Jane Hamsher

Before the Democrats give in to the demands of red state senators who foolishly think they will gain something if they force Detroit into bankruptcy, I hope that the Democratic leadership makes them filibuster.

Cheney Gets "Barrage Of Criticism" From GOP On Bailout

McClatchy | Posted 05.25.2011 | Politics

Senate Republicans' doubts about the emergency loan plan for Detroit's ailing auto industry threaten to crush the effort, even as the House of Represe...

Pay Raise For Judges Tucked Into Auto Bailout Plan

AP | ANDREW TAYLOR | Posted 05.25.2011 | Home

WASHINGTON — If the $14 billion bailout plan for U.S. automakers passes, it will help more than just Ford, Chrysler and General Motors. Federal ...

Hypocrisy on Parade

James Moore | Posted 05.25.2011 | Business
James Moore

Was Detroit supposed to anticipate $150 barrel oil any more than Wall Street was expected to know they were playing a funny money game with credit derivative swaps and collateralized debt obligations?

Time To Stop Paying Lameduck Members of Congress If They Stop Showing Up For Work

Mark Nickolas | Posted 05.25.2011 | Politics
Mark Nickolas

14 of the 26 non-voting members are lameducks who seem less interested in saving anything except their fat paychecks.

Auto Bailout Failure Could Mean The End For GM, Chrysler

HuffPost, NYT, WSJ | Posted 05.25.2011 | Business

The failure of the auto bailout in the Senate could mean the collapse of GM and Chrysler by the end of this month, according to several reports. The ...

Automakers: Apology Accepted

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

If we are honest with ourselves, we realize that the very mistakes the leadership of GM, Chrysler, and Ford have made are all too recognizable in ourselves -- even if there are drastic differences of scale.

If G.M. Was a Canadian Company It Wouldn't Be Asking for Help

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If we paid the same amount for health care as Canada, G.M. would have accumulated an additional $22 billion in profits over the last decade.

Songs for the Season: "A Ho-Ho-Horowitz Christmas!"

Rick Horowitz | Posted 05.25.2011 | Style
Rick Horowitz

You'd better watch out/ And heed what I say/You'd better protect your 401(k)/Nasty times are coming to town.