Category Archives: Big Three automakers

The Other Shoe

There’s a joke they have told in Baghdad for a thousand years. It never gets old to them. It’s the tale of a man who came home to his apartment drunk every night. He would take off his shoes and … Continue reading

Posted in Big Three automakers, financial meltdown, george bush, shoe throwing | Leave a comment

Dear Senator Shelby

Senator, you’ve been all over cable news lately. I’ve spotted your sound bites delivered from behind your microphone at Detroit bailout hearings. You’ve been waxing rhapsodic about the foreign auto plants in Alabama, and lecturing Detroit for not being innovative … Continue reading

Posted in alabama, Big Three automakers, Detroit Bailout, Senator Shelby | 2 Comments

China May Buy GM if We Don’t

Yesterday I made the unthinkable suggestion that Congress should buy the Big Three automakers instead of bailing them out or letting them go into bankruptcy. Today, Emptywheel over at FiredogLake points out that Chapter 11 probably won’t work in the … Continue reading

Posted in Big Three automakers, China, Detroit, General Motors | Leave a comment

Don’t Bail Out Detroit. Buy It

Regular readers know my penchant for counter-intuitive thinking. Contrast the prospect of a $25-50 billion bailout of the auto industry with the market capitalization of all three automakers put together: about seven billion. That’s right — put together, the Big … Continue reading

Posted in auto industry, Big Three automakers, Ford Chrysler, General Motors, socialism | Leave a comment