TITLE

With the auto bailout and much else, we're just postponing reality

AUTHOR(S)
Sowell, Thomas
PUB. DATE
December 2008
SOURCE
Enterprise/Salt Lake City;12/22/2008, Vol. 38 Issue 26, p15
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author expresses views on the current bailout of the automobile industry in the U.S. in 2008 which he considers the latest in the postponements of reality. He cites the potential economic impact of the collapse of leading automobile manufacturers in Detroit, Michigan. He notes a lack of bailout or stimulus package for those whose line of work revolved around horses, which were replaced by vehicles. He explains why foreign manufacturers are not heading for Detroit.
ACCESSION #
36269231

 

Related Articles

  • No Bailout For Detroit. Poltenson, Norman // Business Journal (Central New York);11/21/2008, Vol. 22 Issue 47, p24 

    The author reflects on the government intervention seeking by automobile giants in Detroit, Michigan. He argues if the government bailout of $50 billion, under U.S. President-elect Barack Obama administration, can save the industry. He suggests that the only way to restore innovation and success...

  • letters: TO THE EDITOR. Robinson, Kyle; Thibault, Alain; Barnes, Terrance A.; Walters, Tim; Lawrence, Robert; Matsunaga, Douglas // Automotive News;12/1/2008, Vol. 83 Issue 6336, p12 

    Several letters to the editors are presented related to the automobile industry of the U.S. including one asking the reasons behind the recession in the industry, another asking to merge Detroit 3, including GM, Ford and Chrysler, as a single company, and one on the reaction of Republicans on...

  • OPPOSITE LOCK. Wilson, Kevin A. // AutoWeek;3/9/2009, Vol. 59 Issue 5, p17 

    The article presents the author's comments on whether the U.S. government efforts to bail out the automobile industry will yield desired results. Government does not have a good track record when it comes to automotive design and development. According to the author, the government should take...

  • Sound bites...where PE readers offer their views on issues of the day.  // Professional Engineering;1/14/2009, Vol. 22 Issue 1, p14 

    The article presents views of several personalities on the bailout scheme by the European Union or the British government relative to its automobile industry. One person prefers to put funding into rail vehicle manufacturing because of overseas demand for new trains. Another one states that...

  • EU releases €1.5 bln bailout payment to Cyprus.  // Regional Today;9/30/2013, p4 

    The article discusses the 1.5 billion Euro bailout payment released by the financial emergency fund of the European Union to aid Cyprus.

  • Sanaa seeks $2bn bailout from Riyadh. Salisbury, Peter // MEED: Middle East Economic Digest;8/7/2009, Vol. 53 Issue 32, p15 

    The article reports on the two billion dollar bailout secured by Yemen with Saudi Arabia to avert a cash crisis. The money will be compensated to pay fuel and goods import, the wages of its public sector, and payment to tribal leaders. The distribution of the money will be managed through a...

  • Muddle through. Tora, Brian // Money Marketing;10/13/2011, p34 

    The author discusses the unchanged markets for the heavily indebted European countries despite the bailout and financial pumping made by the Eurozone's financial stability facility.

  • Anxieties grow among Republicans. Bolton, Alexander // Hill;9/18/2008, Vol. 15 Issue 107, p1 

    The article reports that Republican lawmakers and conservative leaders are angry about the $85 billion bailout of the American International Group (AIG) which was announced less than a month after they pledge to control federal spending.

  • CEOs cautious of overreaction to recent crisis on Wall Street. Young, Jeffrey // Hill;9/18/2008, Vol. 15 Issue 107, p16 

    The article reports that chief executives of four of America's largest corporations cautiously endorsed the federal government's bailing out major companies while expressing concern that U.S. Congress and the next administration might go too far.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics