Lighting Our Money On Fire
Strings Attached May Include Loss of Stockholder Autonomy, Inability To Pay Dividends, And Nationalization
When you go to the government for money, you have to expect that, even if you are successful, it will come with strings attached. As the President and Congress warm to the idea of a $15 billion auto industry bailout,… Continue Reading
Big Three To Go The Way Of The Dodo
Or at least, so says this year’s Nobel laurelate in economics. This despite a $15 billion life support program that is being thrown its way, despite the vehement objections of the voters, this blogger, and the dictates of common sense.… Continue Reading
Reality Hasn’t Yet Sunk In For Our Next President
Congress is elected separately from the President. For the most part, I think that’s a strength of the U.S. system of government. However, it comes with a significant drawback — there are now 535 dukes and barons running around who… Continue Reading
Fred Thompson Explains The Bailout
Right said, Fred! Sarcasm is not a lost art form after all. Almost makes me wish I’d have voted for the guy. Oh, wait, he dropped out before California’s primary, too.
RODATFO
I was challenged over the long weekend about the Detroit-based automakers and whether they built marketable cars. The concept that I was asked to incorporate was the idea that CAFE (Corporate Average Fuel Economy) standards, which are imposed on auto… Continue Reading
Bailout Busts All Records
The corporate bailout is now the most expensive thing the Federal government has ever done. Indeed, it is more expensive than the New Deal, the Marshall Plan, the Louisiana Purchase, the Apollo Program (and indeed everything NASA has ever done),… Continue Reading
Big Three Bankruptcy
HT: Below the Beltway
Gresham’s Law Reverses With Product
Freddie at L’Hôte describes a process I went through about fifteen years ago. It’s a result of experiencing qualitatively better things to which you once were quality-insensitive. Suddenly, you go back to something to which you used to be more… Continue Reading
A Sure Sign Detroit Needs To Go Bye-Bye
The CEOs of Chrysler, GM, and Ford all flew from Detroit to Washington to beg for money, because they fear their companies are going to run out of liquid capital and cease to be able to operate. And those same… Continue Reading