General Motors
Who Says Main Street Isn’t Getting A Bailout?
Quit your whining and get on down to your local General Motors dealer. That’s where you’ll find your bailout money. They’ll loan it back to you–cheap!
December 30, 2008 | Read More
Detroit’s Dirty Secret: Automakers Are Making Money
Contrary to popular opinion, Ford, GM, and Chrysler actually know how to build damn good cars that sell quite well. They just don’t do it here.
December 9, 2008 | Read More
Electric Boogaloo: GM Promises To Build The Car It Killed
GM is promising to offer an electric car by 2010–a full 14 years after the company first started working to KILL the exact same technology.
December 4, 2008 | Read More
High Hats At The Taxpayers’ Soup Kitchen
Priceless video footage of Representative Gary Ackerman ripping into Detroit CEOs for promising to “streamline” their businesses right after all three of them flew to Washington on “private luxury jets”:
November 19, 2008 | Read More
Thomas Friedman Says Fire Them All
The New York Times columnist thinks Detroit needs tough love, too.
November 12, 2008 | Read More
Bailout For Detroit En Route. But Will Anyone Pay?
Shouldn’t Congress demand new leadership in Detroit before we give the car companies billions? Or are we just going to trust the same people who wrecked their firms to magically steer them in the right direction this time?
November 12, 2008 | Read More
What’s Good for GM is Good for America
You might recall old “Engine” Charlie Wilson, the former CEO of General Motors, later the Secretary of Defense under President Dwight Eisenhower, who became known for his statement that “what’s good for GM is good for the country.” But is what’s good for GM’s top execs good for us?
November 11, 2008 | Read More
GM Bellies Up To The Bailout Table
It’s like the Bard said: “Ah, what a tangled web we weave when first we practice to … throw taxpayer money at massive multinational corporations.” Okay, maybe Shakespeare wasn’t talking about Hank Paulson, Goldman Sachs, and now General Motors. But he could have been.
November 8, 2008 | Read More
Uncle Sam To GM: All I Got Is $25 Billion
Hank Paulson has apparently decided that General Motors - one of the biggest corporations on the planet, which employees 200,000 and provides health care and pensions to a million Americans - is not ‘too big too fail.’ But don’t feel too sorry for the behemoth multinational. It looks like Uncle Sam has found a way to toss a couple dozen billion its way after all.
November 3, 2008 | Read More
Reason #76: The Great American Streetcar Scandal
Ronald Reagan’s belief in the free market blinded him to the trouble that powerful private interests can cause. If he’d been looking, he could have found numerous historical examples of corporations playing fast and loose with our energy future. I wonder if Reagan had ever heard of the Great American Streetcar Scandal.
In 1936, a company called National City Lines started systematically buying up streetcar networks throughout the United States in order to dismantle them. There were 40,000 streetcars in the nation in those days. By 1955, National City Lines had reduced the figure to 5,000. Who’d want to eliminate public…
August 27, 2008 | Read More
