TITLE

Obama and GM: You Break It, You Own It

AUTHOR(S)
Morris, Dick; McGann, Eileen
PUB. DATE
April 2009
SOURCE
Human Events;4/6/2009, Vol. 65 Issue 13, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the responsibility of U.S. President Barack Obama to automobile manufacturer General Motors. It notes that Obama has ordered for a restructure of the board in exchange for the additional financial Troubled Asset Relief Program (TARP) aid requested by the company. It is said that such move will not resolve the crisis faced by the company. In the authors' opinion, Obama does not realize that he stands as the determining factor in the success of the company after having the government takeover the company.
ACCESSION #
38709984

 

Related Articles

  • Putting the "us" in stimulus. Jason, Gary // Liberty (08941408);Jun2010, Vol. 24 Issue 5, p20 

    The author presents two reports to show how U.S. President Barack Obama has been using both the Troubled Asset Relief Program (TARP) bailout funds and the stimulus bill funds.

  • Don't wind down TARP just yet. Hutchinson, Martin // Hill;11/17/2009, Vol. 16 Issue 136, p22 

    The article reports on the remaining funds of Troubled Asset Relief Program (TARP) which is considered by President Barack Obama to use it to reduce the growing debt in the U.S.

  • THE TARP BAILOUT OF GM: A LEGAL, HISTORICAL, AND LITERARY CRITIQUE. Horton, Brent J. // Texas Review of Law & Politics;Spring2010, Vol. 14 Issue 2, p217 

    The article discusses President Barack Obama's use of the Troubled Asset Relief Program (TARP) to bail out and fund a Chapter 11 restructuring of General Motors (GM), arguing that it is similar to Franklin D. Roosevelt's New Deal anti-competition policies. It looks at policies of both the Bush...

  • Government behind the Wheel More a Matter of Politics Than of Economics. COUCH, JIM F.; BURTON, PHILIP A.; MALONE, KEITH D.; BLACK, DAVID L. // Independent Review;Spring2011, Vol. 15 Issue 4, p577 

    An article is presented that reports on government control of business and manufacturing in the U.S. in 2011. The article describes the automotive industry related to labor costs, product quality, and resale value, as well as the rising costs of fuel. The article also discusses government...

  • TARP Heels. Rosen, Jeffrey // New Republic;3/18/2009, Vol. 240 Issue 4, p5 

    The article discusses the legal activism of U.S. libertarian organizations such as Freedom Works that are filing lawsuits claiming that the U.S. Troubled Assets Relief Program (TARP) violates a principle that U.S. Congress cannot delegate legislative authority to the president. The author...

  • Auto 'recovery' tainted without supplier payments.  // Grand Rapids Business Journal;4/6/2009, Vol. 27 Issue 14, p10 

    The author examines the impact of the U.S. government bailout on declining payments to Tier 2 and Tier 3 suppliers of automotive manufacturers in 2009. The entry notes that the federal Troubled Asset Relief Program (TARP) could only benefit Tier 1 suppliers who have refused to pay lower-tiered...

  • Legislators: Apply Refunds to Debt.  // American Banker;6/15/2009, Vol. 174 Issue 113, p12 

    The article reports on a letter written by U.S. House Republicans to U.S. President Barack Obama. Over two dozen House Republicans signed a letter to Obama which asks what will be done with the $68 billion that large financial institutions will be returning to the U.S. Treasury Department's...

  • EXPERTS WARY OF PROPOSED BAILOUT FUNDS'. Marquez, Jessica // Workforce Management;5/18/2009, Vol. 88 Issue 6, p12 

    The article reports that as part of the "Troubled Asset Relief Program," the administration of president Barack Obama is encouraging a number of investment companies to create "bailout funds." These funds would buy troubled mortgage securities from banks and in favourable conditions will sell...

  • A Taxing Debate Over Recouping Tarp Losses. Hopkins, Cheyenne; Kaper, Stacy; Landy, Heather; Monks, Matthew // American Banker;1/14/2010, Vol. 175 Issue 8, p1 

    The author discusses the proposal by the administration of U.S. President Barack Obama to recoup bailout losses through the charging of fees to large financial institutions. The proposal will be submitted to Congress as part of Obama's budget in February. The Troubled Asset Relief Program (TARP)...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics