Auto Manufacturers

Understanding the GM bankruptcy

Many of you are new to this blog since I wrote extensively about autos six weeks ago. As background, I coordinated the auto loan process for President Bush last fall as the Director of the White House National Economic Council (the position now held by Dr. Lawrence…

Auto loans: a deadline looms

The Obama Administration is beginning to leak to the press their impending decision on loans to U.S. auto manufacturers. I am writing in parallel to explain how you might think about such a Presidential decision. There’s an obvious caveat that every President and each…

Bonuses and the peril of Congressional hindsight

Which matters more to you?

1. Anger at failed AIG executives who are receiving bonuses while their employer is being bailed out by the taxpayer.
2. Fear of what this or a future Congress might do once…

President Bush discusses his Administration’s plan to assist automakers

President Bush spoke at 9:01 AM this morning in the Roosevelt Room, announcing his plan to aid two U.S. auto manufacturers. Here are his remarks.

THE PRESIDENT: Good morning. For…