Donald B. Hawthorne
Jim Manzi does good work for all of us in GM’s Magical Thinking: I’ve been working my way through GM’s much-heralded restructuring plan that is being submitted to Congress tomorrow. It’s a lot less work than I thought it might be (though I’m blogging late at night as I’m reading it, so all of my…
As a long-time turnaround professional, I deal all the time with companies which only have enough cash left to maintain operations for a limited number of months. It is a setting which requires intense focus, an unrelenting sense of urgency, and the ability to take decisive actions on many, many fronts – usually all at…
Continuing the earlier discussion about the Detroit bailouts, there is a broader debate taking shape: Obama Chief of Staff Hopes to Exploit the Economic Crisis to Expand the Growth of Government: In earlier posts I have emphasized the risk that the combination of economic crisis and unified Democratic control of Congress and the White House…
Continuing the previous discussion here and here about what should be done about the (formerly) “Big 3” automakers, the Editors at National Review offer their thoughts: Bailout or bankruptcy? For General Motors, the answer is — yes. But mostly the latter. There is no saving GM in its present state and no good argument for…
With a H/T to Rossputin, here is Father Sirico of the Acton Institute offering his assessment of the current state of economic thinking: …That when one divorces freedom from faith both freedom and faith suffer. Freedom becomes rudderless (because truth gives freedom its direction). It is left up for grabs to the most adept political…
After all his administration has done already and how they have laid the groundwork for even more under an Obama administration, President George W. Bush has the gall to say this? Give me a break.
Jennifer Rubin points out how this trend is not being covered by the MSM: No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street. The Dow has lost 1,342 points, or about 14%, since the election, with the S&P 500 and Nasdaq hitting similar skids. The Dow fell…
Larry Kudlow: …Stocks were off big today — before, during, and after Paulson — closing down over 400. Tough to pin it on the Treasury man, however, since the plunge started in the early-morning well before he spoke. Some folks think the stock market is stalking Obama, whose defining moment may be a GM bailout.…
Shall we all stop paying our mortgages for the next 2 months so we also can qualify for a bailout?
A deep-felt thank you to our veterans and to our troops currently serving our country. And to your families who support you. The freedoms we enjoy today are a result of your sacrifice and for that we salute you from the bottom of our hearts. Having come of age in the latter years of the…
