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President Obama, Mitt Romney, Advertisement, Auto Industry, Dishonesty
Remember when Mitt Romney wrote an op-ed piece for the New York Times, advocating for the government to let Detroit go bankrupt? Well, now Romney actually wants a lot of the credit for the auto industry's recovery. Despite his 2008 call to "let Detroit go bankrupt," presumptive Republican presidential nominee Mitt ...
Here's another moment from last night's debate that actually made me laugh out loud; Mitt Romney refusing to back down from his absurd claim that the hugely successful auto industry bailout program was a "failure." Video There's no failed idea so ridiculous that Republicans won't try it again. In 2008, Romney penned ...
Mitt Romney, Election 2012, Right Wing, Auto Industry, Economy
General Motors went on the public market today, with one of the largest IPOs in US history, and from all accounts it was a monster success. GM is well on track to a full recovery; they've returned billions of dollars in bailout money to the federal government, and it looks like ...
Auto Industry, General Motors, Bailout, Economy, Republican Party
Some really good news for a change, from the US automobile industry: Washington - General Motors Co will announce this afternoon that it is buying back all of the Treasury Department's $2.1 billion in preferred stock, people briefed on the matter said. The move is another step by the Detroit automaker ...
Instantly classic video blogging from the Hawk del Iowa. [Video]
Economy, Budget, Nancy Pelosi, Congress, Auto Industry, Humor, Iowahawk
General Motors is on the fast track to bankruptcy: DETROIT/BERLIN (Reuters) – General Motors Corp appeared to clear a major hurdle on its way to filing the kind of bankruptcy it favors on Thursday by persuading major bondholders to accept a sweetened deal — even as talks over the carmaker’s ...
The United Auto Workers union will now own the largest share of Chrysler LLC, as the auto industry meltdown begins to get seriously loony: UAW Said to Get 55% Chrysler Ownership, Board Seats. Anyone over there ever heard of a “conflict of interest?” April 28 (Bloomberg) — The United Auto Workers ...
It’s obvious, really. The one man who can save America’s comatose auto industry courageously steps forward: iowahawk: The Iowahawk Council of Automotive Advisors. When it comes to naming a savior for the American car biz, I think we can do better. And by “we,” I of course mean “me.” And ...
Now he tells us: GM’s New CEO: Bankruptcy May Be Best Option for Automaker. General Motors’s new chief executive told CNBC that filing for Bankruptcy may be the best option for the struggling automaker. In a taped interview to be aired tonight on NBC Nightly News, Fritz Henderson said that because ...
Economy, Finance, Business, Financial Crisis, General Motors, Auto Industry
General Motors CEO Rick Wagoner has presided over a steady decline in sales and market share for the past 8 years, and now Barack Obama has asked him to step down as part of the plan to restructure the auto industry. The Obama administration asked Rick Wagoner, the chairman and ...
Economy, Finance, Business, Financial Crisis, General Motors, Auto Industry
No $14 billion bailout for the auto industry. Maybe the CEOs could take a salary cut and pay for it out of that. UPDATE at 12/12/08 9:23:41 am: The White House does an end run around the Senate: White House Bails Out Automakers: Everybody Wins, Save Taxpayers. The White House stepped into the ...