cato.org - 11/14/2008
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This article appeared on CNN.com on November 13, 2008. General Motors, Ford, Chrysler and the United Auto Workers union are pouring millions of dollars into a lobbying campaign for a taxpayer bailout. The money devoted to influence peddling in Washington would be better spent on improving ...
bloomberg.com - 11/13/2008
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bloomberg.com —
Nov. 13 (Bloomberg) -- President-elect Barack Obama is
pushing Congress this year to approve as much as...
$50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George ...
(more)
Obama Pushes for $50 Billion for Automakers, Oversight Czar
robertreich.blogspot.com - 11/12/2008
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robertreich.blogspot.com —
When a big company that gets into trouble
is more valuable living than dead, there used to...
be a well-established legal process for reorganizing it - called chapter 11 of the bankruptcy code. Under it, creditors took some losses, shareholders even ...
(more)
The Real Difference Between Bankruptcy and Bailout
becker-posner-blog.com - 11/17/2008
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becker-posner-blog.com —
The big three American auto producers General Motors,
Ford, and Chrysler, are in terrible financial shape. They...
have asked the government for a bailout, and the Democratic leadership in Congress is eager to give them one. The United Auto Workers ...
(more)
Bail Out the Big Three Auto Producers? Not a Good ...
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Friday's Daily News
Club for Growth —
... DAILY NEWS
Bush Shows Obama the Way - Larry Kudlow, National Review
Targeting Your 401(k) - Wall Street Journal Editorial
Nancy Pelosi's Motown Juggling Act - Kimberley Strassel, WSJ
The TARP Is Dead, Long Live the TARP - Robert Higgs, Independent.org
No Free Lunch for Detroit - Washington Post Editorial
Bailout Boondoogle - New York Post Editorial
Say No to the Auto Bailout - Dan Mitchell, Cato Institute
Obama, Democrats Will Push ...
Libertarians Can’t Win
Cato @ Liberty —
... government handouts to some of the nation’s largest and most dysfunctional corporations, while scholars here at the Cato Institute have been sharply ...
Week in Review: ‘Saving’ the World, Government Control and Drug Decriminalization
Cato @ Liberty —
... Daniel J. Mitchell, November 13, 2008: ”Advocates oftentimes admit that bailouts are not good policy, but they invariably argue that short-term considerations should trump long-term sensible policy. Their biggest assertion is that a bailout is necessary to prevent bankruptcy, and that avoiding this result is critical to prevent catastrophe. But Chapter 11 protection may be precisely what is needed to put American auto companies back on the path to profitability. Bankruptcy laws specifically are ...
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Detroit's Big Three Are a National Disgrace —
The Big Money 11/14/2008
Why not just let General Motors, and perhaps Ford and Chrysler, just go bankrupt? Even as auto industry executives and their political allies clamor for a bailout, the anti-bailout chorus is growing louder.
read more
Sources and acknowledgments —
The Economist: Full print edition 11/13/2008
Apart from those quoted in the text, the author would like to thank the following for their help in the preparation of this report: Kumar Bhattacharyya of Warwick Manufacturing Group; Cecil Dewars of TVS; Richard Gadeselli of Fiat; David Herman and ...
Carmakers: Saving Detroit —
The Economist: Full print edition 11/13/2008
Politicians, business and the unions all want a bail-out of Ford and General Motors. That would be a mistake DETROIT is running on empty. General Motors and Ford announced on November 7th that they had burnt their way through a total of nearly $15 ...
American carmakers: On the edge —
The Economist: Full print edition 11/13/2008
After the bank bail-out, it is now Detroit’s carmakers who are pleading for help IF NOTHING else, the revelation by General Motors (GM) on November 7th that it is in danger of running out of cash before the end of the year has concentrated ...
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