Monthly Archives: November 2008

Seven Reasons Government Must Invest In American Auto Makers

The Economic Policy Institute, in an article by by Robert Scott, is calling for government action to help the US Auto industry, saying that such action should be called an investment, not a bailout. EPI says, “Government intervention in the … Continue reading

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Robert Reich Asks, “Why Save Citigroup Bank and Not Save General Motors?”

In the wake of yesterday’s decision to bail out Citigroup, Robert Reich questions the reasoning that puts such emphasis on saving banks, but so little on saving automobile manufacturers.  Reich says, “Citigroup is not much different from General Motors. It’s … Continue reading

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Huge Bail Out For Citigroup Bank

Huge bail out of Citigroup is underway. According to the New York Times, “The complex plan calls for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company.” Citigroup has … Continue reading

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Hertzberg Predicts Hillary As Secretary Of State Would Succeed In Making Palestinian / Israel Peace

Hendrik Hertzberg of The New Yorker says with Hillary as Secretary of State, the new administration will have a great team in place that, he is predicting, will achieve a region changing Palestinian / Israel deal. Hertzberg says everyone already … Continue reading

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Does ABC News Want To Torpedo Hillary Clinton’s Chance To Become Secretary of State?

You’ve got to wonder if someone at ABC News wants to undermine the possibility that Hillary Clinton’s might become Barack Obama’s Secretary of State.   On ABC last night in prime time the famous video of Bill Clinton was once again … Continue reading

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Where Did That $10 Trillion Go?

Scary economic news. This report says, “Wall Street in on track for its worst year since 1931, and that $10 trillion has been lost in the market — since its peak in October, 2007….The Dow Jones industrial average plunged 5.1 … Continue reading

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