Keynesian Porn
Read this and thought “right on brother”. it ain’t exactly the whole truth and nothing but the truth. Every American who pays taxes is invested in your EV at this point. Self-righteousness gets you nowhere when the playing field ain’t level. Just sayin… [From Quote Of The Day: Don’t Make Me Pull This Oversubsidized Niche [...]
Why is the Automotive Supply Chain Failing?
The Detroit Free Press recently ran a story that captures the
two essential reasons why more automotive suppliers will fail in 2010,
despite a forecasted upswing in the market. According to the story, the fundamental challenges
are twofold: …
Hey That $30 Billion Loss is Really Good News
Here we have it, straight from Tim “Turbo Tax” Geithner’s staff:
“The real news is the projected loss came down to $30 billion from $44 billion,” Sperling said, noting that auto sales have improved ahead of what many analysts had forecast. The administration still holds out hope that if things improve, the administration could [...]
Three Card Monty at GM
I read this and shook my head in amazement at the limited financial acumen of reporters covering business.
General Motors, encouraged by its improving financial situation, could repay all of its $6.7 billion in loans from U.S. taxpayers by the end of next June, the company’s top executive said Monday.[From With $42B, GM moves [...]
