The Real Cost of the Auto Industry Bailout

Today, Politico’s Arena featured an online debate over the results of the automobile industry’s bailout. Many of the contributors have hailed the bailout as a success due to the…

The arrival of Government Motors

For those of you interested in my view on GM's bankruptcy and the future emergence of Government Motors, please see my article at HumanEvents.com.  (My agreement with Human Events does…

Government to Take Over GM?

The General Motors bond holders that had been offered a 10% stake in the company after recapitalization refused the offer.  The unsecured bond holders are owed about…

Obama forces out CEO of General Motors

Politico is reporting that GM CEO Rick Wagoner is resigning, effective immediately, “at the government’s behest.” While my gut reaction was anger at Obama, after a few…