The "creative destruction" argument conveniently forgets that it wasn't the "free market" that created the American Way of life, but a working class that was paid well enough to consume.
Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.
Pull up a chair and settle in while I spin a yarn about 2008. The story actually begins 20 years into the future (visualize a clock advancing rapidly...
Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.
Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.
Vehicle manufacturers must re-engage their owners and offer them innovative services. What if GM included ads in exchange for lower pricing? What if they developed an in-dash system with Google or Apple?
With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.
A General Motors bankruptcy would push the U.S. economy deeper into recession and cause a labor market catastrophe, highlighting why the government ha...
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.
Forget about trying to save all three manufacturers. By doing so with the limited funds available, we'll help none of them. To rebuild our auto industry, we need to create a sound foundation.
This is a mess. Everybody in the auto industry is staring into the abyss - the automakers, the unions, the suppliers, the dealers - not to mention the government and the taxpayers.
I think Ebenezer Scrooge has gotten a bad rap long enough. This poor guy has endured nearly 200 years of negative press and it's about time we took a...
I think the U.S. legislators contemplating this auto industry bailout package should demand Bob Lutz's resignation before dribbling a single dollar into GM's leaky pockets.
Over the last few years, sustaining Ohio has become less profitable for automakers. When the state began to run at a loss, the Big Three began selling off pieces to Germany and Japan.
Whilst the CEOs of these great companies fight to keep them alive in the 21st century, how relevant is it to have three competing with each other to produce last century's technology?
On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.
All signals point to Obama investing heavily in green collar jobs. The labor force and manufacturing capacity of GM provides a perfect springboard for a national green jobs initiative.
It makes more sense for Congress to tell ExxonMobil, ARCO, Chevron, ConocoPhillips and their fellow travelers that they should lend the automobile industry $25 billion
We all make jokes about how lazy and lobby-driven Congress is, and as sad as the truths behind those jokes are, when times are good, we can afford to have government operate like that.
The American auto CEOs came hat-in-hand to Washington, DC last week, to bail out their companies, and yet they came without a plan. Instead, they wanted $25 billion.