Automotive Politics
So what does a automobile CEO private jet look like from inside?
An Auto Bailout Would Be Terrible for Free Trade
Does anyone really expect other countries to ignore our subsidies?
Congress is now considering a federal bailout for America’s Big Three automobile companies. Many want to grant them at least $25 billion from the $700 billion Troubled Asset Relief Program on top of $25 billion in low-interest loans approved earlier this year.
But these figures represent only [...]
Democrats urge Paulson to weigh aid for automakers
The top congressional Democrats urged Treasury Secretary Henry Paulson on Saturday to consider providing aid to troubled U.S. automakers as part of the Bush administration’s corporate bailout efforts.
The letter from House of Representatives Speaker Nancy Pelosi and Senate Majority Leader Harry Reid recommended strong conditions,” possibly equity stakes and limits on executive compensation, in return [...]