The News Review:
- US Speaker Pelosi: No Endless Flow Of Money To Auto Indus
- Congress Returns to Face Big 3 Auto Bailout
- Congress Moves Closer to Auto Rescue Deal
- Why the auto bailout should fail
US Speaker Pelosi: No Endless Flow Of Money To Auto Indus
CNNMoney.com
said Mondaythere would be no endless flow of money to the U. auto industry and thecompanies could be required to pay back the money early if they don’t come upwith a comprehensive restructuring plan by the end of the first quarter. Pelosi said that everyone involved in the U.
Congress Returns to Face Big 3 Auto Bailout
New York Times United States
The Senate will convene today and the House will essentially be on standby to take up. With many members of Congress sharing the public?s bailout fatigue approval of.
Related from Spamblockermonster: Bailout Lacks Oversight, Spam Host Shut Down, Rezko Denied New Trial
Congress Moves Closer to Auto Rescue Deal
Wall Street Journal
“To blame the American automobile executives for this frankly is ridiculous” Mr. Lutz said suggesting an unforseen downturn in the economy and housing market are the culprits. “How were we supposed to forecast this when the government doesn’t forecast it and the financial institutions couldn’t?”In a sign of how messy the reorganization could become the United Auto Workers union is seeking to attach strings to any concessions it makes for the Big Three. Marc McQuillen president of UAW Local 2404 in Charlotte N. said the union is looking for an equity stake in GM and likely a seat on the company’s board. UAW officials in Detroit couldn’t be reached for comment.
Why the auto bailout should fail
Examiner.com
Auto industry execs have been coming to Washington hat-in-hand (after getting off their private jets) to beg for a government handout. Of course they need it RIGHT NOW or they will go under be unable to operate and cause the sky to fall and the ground to tremble. While I still believe the government should not have stuck its nose into any of these bailout measures I want to lay out why this specific bailout should not under any circumstances be allowed to pass. 1) A bailout will not change the business process but will just extend poor business planning that got them into this mess. A cash infusion to alleviate the problem will not mean anything if GM Ford and Chrysler don’t change their business model or business practices.