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The man of system will now fix the auto industry (by Russell Roberts)
The man of system will now fix the auto industry (by Russell Roberts)
The President spoke today about his latest attempts to save the auto industry. You could teach a semester-long class in economics from this speech. So many errors and insults to the intelligence of the citizenry. The boldface and non-indented stuff is mine. One of the challenges we have ...
U.S. Expected to Give More Financing to Automakers
U.S. Expected to Give More Financing to Automakers
nytimes.com — The administration also is expected to impose a strict deadline for bondholders and union workers to make... concessions. (more) U.S. Expected to Give More Financing to Automakers
Obama Says GM, Chrysler Have Last Chance to Survive (Update2)
Obama Says GM, Chrysler Have Last Chance to Survive (Update2)
bloomberg.com — March 30 (Bloomberg) -- President Barack Obama gave General Motors Corp. and Chrysler LLC deadlines to “fundamentally... restructure” or lose government aid that has kept them alive. Obama rejected recovery plans submitted by the companies last month ... (more) Obama Says GM, Chrysler Have Last Chance to Survive ...
Obama Says GM, Chrysler Have Last Chance to Survive (Update4)
Obama Says GM, Chrysler Have Last Chance to Survive (Update4)
bloomberg.com — March 30 (Bloomberg) -- President Barack Obama gave General Motors Corp. and Chrysler LLC deadlines to “fundamentally... restructure” or lose government aid that has kept them alive. Obama rejected the companies’ recovery plans and forced GM Chief ... (more) Obama Says GM, Chrysler Have Last Chance to Survive ...
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Dissecting Obama's Speech
Club for Growth — ... Russ Roberts dissects Obama's speech about the auto industry yesterday. Roberts writes, "You could teach a semester-long class in economics from this speech. So many errors and insults to the intelligence of the citizenry." ...

Only 3-1/2 More Years Until We Go To The Polls To Select A New GM CEO
Coyote BlogRussel Roberts deconstructs Obama’s auto speech.  Well worth the read. I have worked with folks in the government for years.  One of the common syndromes I see in government officials of all levels is something I call “arrogant ignorance.”  I see a lot of it in this administration. ...

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