Posts tagged as:

bailout

Obama Gets Serious about Restricting Executive Pay for Bailout Recipients

February 4, 2009

ShareIt’s like we’re in some other country that doesn’t always bow and cater to the whims of the executive elite.  Finally some common sense back in the White House.
“If the taxpayers are helping you, then you’ve got certain responsibilities to not be living high on the hog,” President Barack Obama said in an interview Tuesday [...]

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Michael Moore is Stealing My Rants on the Auto Industry Bailout

December 12, 2008

ShareOK, he’s probably not really stealing them but it seems our initial reactions to the Senate bailing on the bailout were pretty much the same.  I just posted mine first that’s all I’m saying.
They could have given the loan on the condition that the automakers start building only cars and mass transit that reduce our [...]

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Your General Motors Car May Have Just Become a Collector’s Item: Bailout Dies in Senate

December 11, 2008

ShareBad news for the auto industry:
Senate Democrats and the White House failed to find 60 votes to end debate on a $14 billion auto bailout bill and bring it to a vote Thursday night, killing the measure for the year.
The 52-35 vote followed the collapse of negotiations between Senate Democrats and Republicans seeking a compromise.
“We [...]

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Congress, White House Agree on $15 Billion for Auto Industry

December 5, 2008

ShareThe Big 3 auto industry execs just hit the lottery with taxpayer money.  After nearly all of America crapped a brick this morning at the news that the economy lost over a half a million jobs in November alone, Congress and Bush, firmly wedged in their self-created corners came to a tentative agreement to bailout [...]

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For Taxpayer’s Sake: Buyout Don’t Bailout General Motors, Ford and Chrysler

November 16, 2008

ShareThis $700 billion bailout is already starting to sound like a golden parachute to me.  Something we were promised it would not be.
A few days ago I pointed out a few staggering statistics regarding GM, including among other things, how its stock price has plummeted from $60 per share to around $4 per share since Richard [...]

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