Home / Tag: bailout
Wednesday, Dec. 10, 2008
Over the years, the Big Three automobile companies have given us plenty of reasons to hate them, especially after we bought their cars. We came up with little slogans to celebrate the quality of their products, like “FORD: Fix Or Repair Daily.” We watched in disbelief as those companies continued to build...
Friday, Dec. 5, 2008
It’s been just a few weeks since taxpayers rescued the crippled financial markets. Today, Detroit’s three auto makers are seeking a life preserver in the form of 34 billion dollars.
Wednesday, Oct. 8, 2008

Act in the public interest

President George W. Bush and Treasury Secretary Henry Paulson had no credibility to match the arrogance of their initial demand for absolute power in distributing $700 billion of public assistance (the old synonym for welfare). Many Republicans in Congress lacked the intellectual fortitude to cope with the spectacular collapse of their ideology.