by Leo Gerard | May 13, 2009 | Blog, Making it in America
The proposition General Motors has presented to the United Auto Workers and American taxpayers in its latest restructuring plan is simple: You must pay for your own execution. GM, which already took $15.4 billion in bailout money, wants another $11.6 billion and is...
by Robert Borosage | May 13, 2009 | Blog
Is the Obama administration saving General Motors or is it saving auto industry jobs in the U.S.? Is it saving GM as an American brand or GM as an American manufacturer? These aren't academic questions. General Motors, which has been buttressed by $15.2 billion in...
by Sam Pizzigati | May 10, 2009 | Blog, Economy
Tax-cutters inspired by Jack Kemp have always argued that high tax rates give the rich an incentive to cheat on their taxes. The reality: So do low tax rates. Jack Kemp, the 1996 Republican vice-presidential nominee, died a week ago Saturday from cancer. Two days...
by Eric Lotke | May 8, 2009 | Blog
Obama has introduced his budget, and people are hyperventilating about the deficit. Piling “debt on the backs of our kids and our grandkids,” declares House minority leader John Boehner (R-Ohio). "Bloated," exclaims Democrat Evan Bayh of Nebraska. With all the...
by Robert Borosage | May 8, 2009 | Blog
Wrong Way Riegels became a football legend when Roy Riegels, captain of the California football team in the 1929 Rose Bowl picked up a fumble and rumbled the wrong way down the field. He was prevented from scoring a touchdown for the opposing team only when one of his...
by Isaiah J. Poole | May 8, 2009 | Blog
In Poultney, Vt., a small town near Lake St. Catherine near the Vermont-New York border, "Walter" had been running a small business during the summer for 43 years—until a rectangular piece of plastic helped bring him down. Walter, as he referred to himself in a letter...
