Tag Archives: Auto Bailout

Desperado- Romney Circus Acrobatics on Auto Bailout

Posted on October 29, 2012 by

It is unfortunately true that campaigns of all stripes take liberties with the truth, but Mitt Romney has really pressed the outer limits with the ad below. Romney has been taking heavy fire in Ohio for his position on the … Continue reading →

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Not One of Us. Firewall Ohio Part Two

Posted on October 22, 2012 by

As mentioned in the earlier post President Obama is in a tight battle in Ohio. He will not be leaving any weapons in the drawer. Below is his latest ad in Ohio, which closes by saying that Mitt Romney is … Continue reading →

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Chrysler Lender Opposition Collapses

Posted on May 9, 2009 by

The organized lender opposition to Chrysler’s bankruptcy petition collapsed yesterday, paving the way for a quick restructuring for Chrysler, and a very fast exit from bankruptcy for the new company. The senior secured creditors had taken a legal hit with … Continue reading →

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Chrysler Goes Bankrupt

Posted on May 1, 2009 by

Chrysler Corp filed for bankruptcy yesterday, with the Administration unable to close a deal that would have averted the filing. And while the Administration is hopeful that the legal filing will expedite the emergence of a new Chrysler, shorn of … Continue reading →

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The Good, The Bad, and the Ugly

Posted on March 30, 2009 by

The Obama Administration’s plans for G.M. and Chrysler seem to be taking shape publicly for the first time, with selected leaks out of the Administration laying out a map of where this debacle might end up. Today’s Wall Street Journal … Continue reading →

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Obama Auto Announcement

Posted on March 30, 2009 by

http://www.msnbc.msn.com/id/22425001/vp/29957543#29957543 Visit msnbc.com for Breaking News, World News, and News about the Economy

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Auto Task Force Delivers a Harsh Verdict

Posted on March 30, 2009 by

The Obama Administration delivered a harsh verdict on the futures of G.M and Chrysler, calling for strong medicine before additional federal funding is provided. The Administration dismissed the current version of both companies plans for viability, saying that neither would … Continue reading →

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Wagoner Forced Out at G.M.

Posted on March 29, 2009 by

With President Obama scheduled to talk tommorow about bailouts for both G.M. and Chrysler it was announced tonight that Rick Wagoner was stepping down as CEO of G.M., effective immediately. The news was leaked by White House sources, as was … Continue reading →

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G.M. Post 30 billion Dollar Loss

Posted on February 26, 2009 by

General Motors posted a $30.8 billion dollar loss for 2008, burning through over $6 billion in cash. The company will meet today with Obama Administration officials as it continues to struggle to restructure itself to try to return to profitability. … Continue reading →

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G.M. and Chrysler Ask for More Help

Posted on February 17, 2009 by

Both G.M. and Chrysler tonight filed plans required of them by the federal government pursuant to the loans they took back in December. In terms of the financial requests being made G.M. is seeking an additional $16.6 billion in federal … Continue reading →

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