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economistsview.typepad.com - 11/18/2008
Two From Feldstein
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I was kind of disappointed that Martin Feldstein didn't complete the hat trick by also getting an op-ed into the NY Times: A Chapter For Detroit To Open, by Martin Feldstein, Commentary, Washington Post: The Big Three U.S. automakers need more than an injection of $25 billion from the ...
Obama Pushes for $50 Billion for Automakers, Oversight Czar
bloomberg.com - 11/13/2008
Obama Pushes for $50 Billion for Automakers, Oversight Czar
— 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

Comments vote down BloggingStocks found this 11/13/2008found this
washingtonpost.com - 11/18/2008
Martin Feldstein - Martin Feldstein - Why Detroit Needs Chapter 11
— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Martin Feldstein - Martin Feldstein - Why Detroit Needs ...
Comments vote down Club for Growth found this 11/18/2008found this
cato.org - 11/14/2008
Say No to the Auto Bailout
— cato.org — 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 ... (more) Say No to the Auto Bailout

Comments vote down Club for Growth found this 11/14/2008found this

Blog Reactions

Stefan Karlsson's blog:  The Case For GM Bankruptcy

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Blog Reactions

The Case For GM Bankruptcy
Stefan Karlsson's blog — ... Meanwhile, Martin Feldstein argues the case for why chapter 11 bankruptcy is the solution to GM's problems because it will enable the excessive wage and benefit levels in current union contracts. He further adds that any bailout should be coupled with demands for radical reductions in labor costs. But since one of the major points for the Democrats is to avoid that, they will be very reluctant to agree to that. They will likely only agree to that if they fail to lure over enough Republican votes to gain a filibuster proof majority in the Senate before GM goes bankrupt. If GM ...

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