The question which begged to be asked!
Tag: Automotive Bailout
Jun 10 2009
Jan 08 2009
Barack Obama took the occasion of his first press appearance in Washington as president-elect to declare his determination to impose policies of budgetary austerity, including the elimination of entire federal programs and cost-cutting in the entitlement programs such as Social Security, Medicare and Medicaid that are of vital importance to tens of millions of elderly and poor people.
Dec 22 2008
Some of the more astute and honest commentators on the “bailout” of the American auto companies announced Friday by President Bush have pointed to a critical aspect of the plan to shut plants, wipe out jobs and bring the wages, benefits and work rules of United Auto Workers members in line with those of workers at nonunion foreign-owned companies in the US.
Dec 05 2008
The CEOs of Detroit’s Big Three auto companies are appearing before the Senate Banking Committee today to present plans for the restructuring of the US auto industry as they seek federal loans to avert bankruptcy. The plans involve the destruction of the jobs and living standards of tens of thousands of auto workers and factory closures that will devastate communities across the country.
Nov 27 2008
On Tuesday, November 18, the New York Times published an article by one of its leading business columnists, Andrew Ross Sorkin, which places the blame for the downfall of General Motors on the supposedly “gold-plated” and “off-the-charts” wages and benefits of auto workers.
Nov 25 2008
On Monday, US President-elect Barack Obama held a press conference in Chicago to announce selections for his “economic team.” After these introductions, Obama spoke briefly and in vague terms about a proposed economic stimulus package, and then took five questions from reporters.
Nov 10 2008
THE BUSH administration’s Wall Street bailout may be a prelude to a sweeping government intervention in the auto industry–even before Barack Obama takes office January 20.