Posts tagged "General Motors"
-By Warner Todd Huston At the Detroit Economic Club today, Treasury Secretary Timothy Geithner tried to claim the auto bailout is a success. It certainly doesn’t seem like a success for the taxpayers. GM stock is about $30 today, and unless it gets up to $54, the taxpayers lose money on the deal. Why would... Read more »
-By Warner Todd Huston GM, Obama’s favorite federally owned car company, was thrilled to report in March that sales figures for the Chevy Cruze helped put the company on the fast track to success but it wasn’t the best news when the wheels began to literally fall off the Cruze causing a recall of GM’s... Read more »
-By Warner Todd Huston The Obama Administration has proclaimed TARP and the subsequent bailout for General Motors a great success. US Treasury Deputy Timothy Massad recently said, “Where we are today shows that the program, by any reasonably objective measure, was a success.” But is GM, now much derided as “Government Motors” the success that... Read more »
-By Warner Todd Huston Monday Government Motors (GM) took a hard line against the drunken, pot smoking union members that became the unwitting star of a news expose in Detroit last week firing the partiers. All 13 employees were fired after being shown on WJBK, Fox 2 News Detroit drinking and smoking pot in a... Read more »