By PUMA Pundit on December 14, 2008
Thankfully, it seems Dubya has finally figured out that bailing out the Auto industry is like taking a large sum of money and throwing it in a bottomless pit. The essesnce of the free enterprise system is that profitable companies survive and excel, less profitable ones fail and go out of business. Detroit has chosen [...]
Posted in Economy | Tagged auto industry, bailout, chrysler, ford, George Bush, gm, uaw
By PUMA Pundit on November 15, 2008
Wait, maybe I am missing something here, but why are tax-payer dollars being used to engage in a hostile take-over of the US auto industry? In an AP article posted on Yahoo News, here is what we are told: House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto [...]
Posted in Capitol Hill | Tagged auto industry, barack obama, chrysler, ford, general motors, gm, honda, hyundai, Nancy Pelosi, toyota |
