Bush Auto Bailout Illegal, Bailout Supporter Admits

Clinton Administration Labor Secretary Robert Reich, who supports bailing out the Detroit automakers (whose unionized workers are paid $70 an hour) ... its competitiveness than it would be for the Detroit automakers to file for bankruptcy under Chapter 11 ... expensive regulations (like CAFE rules), and preempting state dealer franchise laws that make it [more...]

Date: 2008-12-20 21:13:33

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Auto Bailout Would Kill Jobs, Impoverish Taxpayers

A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, ... of expensive union contracts (such as $70 per hour compensation) and red tape,  a “Chapter 11 bankruptcy ... auto dealerships that should be terminated but aren’t because of state dealer franchise laws [more...]

Date: 2008-12-16 18:37:15

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