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Automaker Bailout

The Drowning Man

Jeffrey Feldman | Posted 12.27.2012 | Politics
Jeffrey Feldman

For everyone who thinks that this endless flailing against the sea of truth will end if Mitt Romney were to win the election and become president, guess again. It will never end.

Are We Over It?

AP | By TOM KRISHER | Posted 11.17.2011 | Detroit

DETROIT -- The American public has gotten past its animosity toward General Motors for taking a government bailout in 2009, the company's top executiv...

A Billion Dollar Blunder?

Dan Rather | Posted 08.30.2011 | Business
Dan Rather

What if you made a 1.5 billion dollar mistake and couldn't take it back? According to recently unearthed court documents, one of the world's most prestigious law firms may soon face this question.

Obama Distances Himself From New Economic Sputters

AP/The Huffington Post | Posted 08.04.2011 | Politics

WASHINGTON -- Distancing himself from new economic sputters, President Barack Obama on Saturday declared that recent "headwinds" were the result of hi...

UAW Stakes Future On Organizing Overseas Carmakers

Posted 05.25.2011 | Business

WASHINGTON (By John Crawley) - The future of the United Auto Workers (UAW)likely depends on whether it can unionize factories in the United States ru...

GM Boosts IPO Size To Reduce Government Stake

Posted 05.25.2011 | Business

NEW YORK/DETROIT (By Clare Baldwin and Kevin Krolicki) - General Motors Co GM.UL raised the common stock portion of its initial public offering by 31...

U.S. Criticized Over Chrysler Financial Settlement

Posted 05.25.2011 | Business

WASHINGTON (By John Crawley) - The U.S. Treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not got...

GM IPO Expected To Raise $10 Billion, Sources Say

Posted 05.25.2011 | Business

DETROIT (AP, Tom Krisher and Sharon Silke Carty) -- The sale of General Motors stock is expected to raise about $10 billion in an initial public offer...

GM Wants 'Some Relaxation' Of Government's Pay Restrictions

Posted 05.25.2011 | Business

WASHINGTON (By John Crawley) - General Motors Co Chief Executive Dan Akerson said on Friday that the automaker is seeking "some relaxation" in the re...

Senator: Why Fed Aid To Foreign Automakers?

Free Press | Todd Spangler | Posted 05.25.2011 | Business

WASHINGTON -- Sen. Bernie Sanders of Vermont wants to know why the Federal Reserve spent billions of dollars helping foreign-based automakers during t...

How The Auto Industry Bailout Pulled One Indiana Town Back From Brink

AP | CHARLES WILSON | Posted 05.25.2011 | Business

KOKOMO, Ind. — Jerry Price remembers the eerie silence less than two years ago when he walked through one of the transmission plants that long p...

Three Fundamental Differences Between Progressives and Conservatives, Pt. 3

Terrance Heath | Posted 05.25.2011 | Politics
Terrance Heath

In the previous post in this series, I wrote: To progressives, it seems a given that of course we must do something to alleviate the suffering that th...

Car Czar Steven Rattner On Saving Detroit, From His Book 'Overhaul'

wsj.com | STEVEN RATTNER | Posted 05.25.2011 | Business

The week after his 2008 election, in Chicago, at President Barack Obama's first substantive sit-down with his economic advisers, it was conceded that ...

Subprime-Timing

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

The ink on the new financial regulations is not yet dry, but General Motors -- still a government majority owned firm -- is buying a subprime lender.

1 Year + 1 Election = Lots of Opinions

B. Jeffrey Madoff | Posted 05.25.2011 | Politics
B. Jeffrey Madoff

"Some things make the markets go higher, some things make the markets go lower," Jim Cramer told the viewers of his "Mad Money" TV show last Monday. ...

Obama Year One: United by Change, Divided by Reform

Jeffrey Feldman | Posted 05.25.2011 | Politics
Jeffrey Feldman

If Obama fails to grasp soon why his idea of reform has alienated key parts of his base -- and if he fails to do something to bridge that divide -- the result could be a full scale mutiny by 2010.

Shocking Barack: An Interview with Powercyclists on a Mission to the White House

Brandon Mendelson | Posted 05.25.2011 | Impact
Brandon Mendelson

Brian Williams and Dave Schiff are riding across the U.S. on Brammo Enertia powercycles. Their mission: Present to President Obama the solution to America's transportation crisis.

Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The centrality of the U.S. consumer to the overall global economy has meant his pulling back on a debt induced shopping spree, which has sparked a worldwide synchronized recession.

Rx for Auto Industry -- No Tax Ours, Double Tax Theirs

Mark Goulston, M.D. | Posted 05.25.2011 | Business
Mark Goulston, M.D.

Foolish pride may be one of the main stumbling blocks to saving the American auto industry.

Obama's Auto Task Force: Driven by Wall Street ? [VIDEO]

David Murdock | Posted 05.25.2011 | Business
David Murdock

The General Motors flameout -- the fourth largest bankruptcy in the history of the country -- has been a disaster for blue collar Americans working on assembly lines.

John Campbell, GOP Rep., Compares Obama To South American Dictators

The Hill | Posted 05.25.2011 | Politics

The Obama administration's intervention in the economy mimics South American regimes of the 1980s that nationalized industries, a Republican congressm...

Can We Make "Buying American" Cool Again?

Charles J. Brown | Posted 05.25.2011 | Business
Charles J. Brown

We need to acknowledge our share of the responsibility for having "abandoned Detroit." We need to understand that any effort to rebuild the American auto industry requires each of us to start buying American again.

Fellow GM Co-CEOs, Let Me Tell You Why I've Called This Meeting!

Alan M. Webber | Posted 05.25.2011 | Business
Alan M. Webber

I've never wanted to own General Motors, but for at least the last 20 years I've wanted to run it. Now, thanks to Barack Obama, I'm going to get my chance!

First, Stop the Hemorrhaging

Rev. Jesse Jackson | Posted 05.25.2011 | Business
Rev. Jesse Jackson

Clearly, the hemorrhaging of jobs is outpacing the stimulus. We need a new, comprehensive strategy, a bailout plan that is connected directly to reinvesting in and reindustrializing America.

On a Clear Day, What Will Be Left to See?

Charlie Cray | Posted 05.25.2011 | Business
Charlie Cray

How is it that we seem to be using taxpayer money to rescue the U.S. auto companies, rather than restoring the U.S. auto industry?