Tag Archives: bailout

Fake news more informative than real news

In these days of newspaper bankruptcies, one frequently hears the complaint that the younger generation doesn’t read newspapers and is therefore less informed than their elders.  The other day I heard a laid-off journalist on NPR turning that last supposition … Continue reading

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Bankers can’t build cars

Let’s just call it “fair and balanced.”  Yes, GM’s debtholders are crying to the media and the government that the offer they’re getting is not “reasonable” is “absurd,” and “amounts to using taxpayer money to show political favoritism of one … Continue reading

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Monday, Monday

A few brief notes on the GM announcement and press conference and the auto bailout in general: From the NY Times live blog After restructuring, GM will be 89% owned by the U.S. government and the UAW via the union’s … Continue reading

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Changes coming Monday for auto bailout

Not much time to post as I’m preparing for my first dissertation defense as a professor. Should be interesting. But there is some big news coming on the auto bailout. GM will get 60 days to get their act in … Continue reading

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Auto bailout dead, for now

Tonight the U.S. Senate rejected the proposed loan package designed to stave off bankruptcy for General Motors and Chrysler.  The sticking point, according to various news sources, was a demand by Senate Republicans that the United Auto Workers union accept … Continue reading

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A taste of things to come?

While Congress debates what to do about our economic crisis, a group of Chicago workers have taken matters into their own hands. Last week managers at Chicago’s Republic Windows announced that the company would shut down in three days, and … Continue reading

Posted in History, Labor, Politics | Tagged , , , | 2 Comments

Vindictive America Prepares to Push Itself Off the Ledge

People are pissed off, and for good reason.  The economy is in the tank.  And from the person-on-the-street perspective, the government’s only response has been to give unimaginable amounts of money to banks with little or no strings attached.  So … Continue reading

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Thoughts on the Auto Bailout Buzz

Well, here we are on the edge of the new Great Depression.  My heart goes out to all those graduating seniors staring at a non-existent labor market. I can’t add much to the heaps of commentary already out there.  But … Continue reading

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On the “Bailout”

Extraordinary times.  Looks like the bailout is becoming a political issue in unpredicted ways: Dean Baker, suggests some progressive principles that ought to be written into any bailout package. Robert Reich’s advice for members of Congress:  you might not have … Continue reading

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