As I was reading a MarketWatch article, I came across a comment section , where someone posted a fascinating story regarding one of the greatest responses to the request for bailout money in the automobile industry. As a supplier for the former Big 3, this man received a letter from the President of...

aggregate figures like this are pretty stunning... The country moved into its second year of uninterrupted job losses last month, with companies shedding another 598,000 jobs and the unemployment rate moving up to 7.6 percent, the Labor Department reported on Friday. Economists had forecast a loss o...

Interest groups spent $17.4 million for every day Congress was in session. Lobbying growth for finance sector and auto industry is smaller in tough times. WASHINGTON--While companies across the board were losing record amounts of money and laying off employees last year, at least one industry s...

Filed under: Ford Motor (F), China Ford (NYSE: F) may finally have some good news for investors. So far this year, all the company has been able to say is that it will probably not need government funds to stay afloat but that the US car market faces another big drop in vehicle sales. That has pushe...

On the first half of today’s installment of The Diane Rehm Show , Jerry Taylor, a senior fellow at the Cato Institute got off a good line in the midst of a discussion concerning federal regulation of emission standards. Concerning the performance of the American car manufacturers in comparison...

There is a very interesting article in the Washington Post today that basically sets Silicon Valley against Detroit, hi-tech against automobile industry, and poses a question of which industry actually deserves to be supported by the government during the current recession. The article quotes execut...

Filed under: Toyota Motor Corp. (TM), Japan Toyota (NYSE:TM) is cutting production capacity as fast as it can. The US is not the only place where its sales are down. In its native country the recession is so bad that car sales could hardly get worse. As Toyota increased the number of places where it...

You know already that Congress scuttled Plan A of the automaker bailout. The outlines of Plan B are now becoming clear. Per President Bush’s announcement last Friday (and subsequent publication of “term sheets� by the Treasury) the Administration will extend about $17 billion in grants (euphem...

This article enrages me to no end! I'll never understand why Dick Cheney & George W.Bush weren't impeached! There's always the hope that they be charged with war crimes at a later date? Wishful thinking on my part, possibly. WASHINGTON - Vice President Dick Cheney blamed Congress for failing to ...

As the federal government continues to flail about in it's unsuccessful attempts to bailout the economy, the politicians have become more insistent that the business malfeasors be removed, and segments of the economy be operated directly by the federal government—whether it is some czar, receivers...