I don’t see how that can be allowed to happen. There are tens of thousands of jobs in the industry itself, and hundreds of thousands more dependent on it in one way or another. Some estimates are that one in ten jobs are somehow related to the auto industry. If the big three do get [...]
Entries from December 14th, 2008
Can we afford to let the auto industry fail?
December 14th, 2008 · No Comments · Uncategorized
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Shiller has an idea
December 14th, 2008 · No Comments · Uncategorized
From the New York Times: Economic View To Build Confidence, Aim for Full Employment By ROBERT J. SHILLER Published: December 13, 2008 IN the current crisis, discussions of economic policy have often centered on uninspiring, short-term goals. To restore confidence in our economic future, we need appropriate, firm targets that will clearly put us where [...]
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What a mess we find ourselves in
December 14th, 2008 · No Comments · Uncategorized
$700 billion to bail out our financial markets. Nothing to save the U.S. auto industry (at least not yet, anyway). And how’d we get ourselves in this mess (or how’d those financial marketeers get us in this mess)? The best explanation I’ve seen so far comes from a couple of British comedians and was taped [...]
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