Why Doesn’t UAW Pay Back Taxpayers First?
Posted in Main Blog (All Posts) on September 23rd, 2011 4:31 am by HL
Why Doesn’t UAW Pay Back Taxpayers First?
Mickey Kaus, Daily Caller
How about paying back the $15 billion first? I’m sure there are sophisticated arguments for why the UAW members shouldn’t pay back the taxpayers who bailed their employer out of bankruptcy before they negotiate a deal that gives them each a $5,000 bonus. I just can’t think of them right now. … Just from a PR standpoint, repaying the debt would seem like a good idea. …Sure, as a going concern, GM has to pay to keep its employees from bolting to a competitor. But what are the odds that most of…
Bottom Line: Horrible Debate
John Podhoretz, Commentary
Perry, Romney Go on Attack at Debate
O’Connor & Weisman, WSJ
ORLANDO, Fla.—Republican presidential front-runners Rick Perry and Mitt Romney, taking up where they left off in their last on-stage meeting, attacked each other over Social Security and health care in a televised debate Thursday, with the Texas governor on defense for much of the contest.The third Republican presidential debate in as many weeks showed the same dynamics as the prior two, with many of the candidates jabbing away at the Texan. In one exchange on immigration, Mr. Romney said he couldn't understand why Mr. Perry signed a Texas law giving in-state university tuition…
Questions Mounting on World Financial System
Walter Russell Mead, TAI
That’s what we’ve been seeing on world markets since Thursday trading began in Asia; this morning it hit the US with the kind of sickening thud we remember too well from 2008. Amid the general hurricane of bad economic news a few things stand out.Chinese stocks fell almost 5 percent and key real estate company stocks were down by double digit percentages as fears grow that the long-delayed bursting of the China property bubble is here;
GM & Chrysler Bailouts a Success for Obama
E.J. Dionne, Washington Post
WASHINGTON — Have you noticed that one of the Obama administration's most successful programs is also its most “socialist” initiative?OK, the bailout of General Motors and Chrysler was not socialist in the classic sense: the government was not looking to hold onto the companies over the long run. Their turnaround was accomplished in significant part by tough, capitalist management steps.But, yes, this was socialism — or, perhaps, “state capitalism” — because the government temporarily took substantial ownership in the companies when no one in the private sector was…
