31
May
Despite the President’s assurances that he does not want to be in the car business and that “we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars”, in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will file for bankruptcy marking [...]
Tags: business concerns, capitalism, Chrysler, economic crisis, government spending, UAW
7
May
Last week, when President Obama announced Chrysler’s impending bankruptcy, he lambasted “a group of investment firms and hedge funds that held out” by refusing to go along with the government’s proposal. The President could not have been clearer about his ire toward the group, stating that he “did not stand with them”.
Who are these holdouts? [...]
Tags: Auto Bailouts, bankruptcy, Chrysler, UAW
