SENATOR CORKER CONTINUES CAUSTIC ASSAULT ON DOMESTIC AUTO BRAND NAMES
Corker is out on television, pretending that his experience running a construction company will help him to define a path to competitiveness for the big three or something. Go figure.
Here's some math to help him. $60 billion in GM debt at 20-cents/dollar, where is was trading just a few weeks ago, is $12 billion. In other words, "a bankruptcy" could be purchased by the TARP for circa $12 billion. This action would facilitate a sensible, tripartite restructuring outside of an imaginary creature called a "Car Czar". (It's fairly easy to see how this money could eventually be re-couped).
THE BIAS IN THE MEDIA
It's a little shocking to me how many pundits seem to be unaware of the entirety of the press conference from December 13th.
Here is it, in three parts (and I'm not die-hard union guy, either, but you've got to have facts, not Kudlow) - be sure to see the Q&A!:
GOING THE EXTRA YARD
BARGAINING DOWN THE HEALTH CARE OF RETIREES - WAY TO GO, GOP?
THE GOP "ACTION-ALERT", WEDNESDAY DEC 10TH
Thursday, December 18, 2008
Original Sourcing
