The American auto industry isn’t just the Big Three; it’s all the suppliers and equipment makers to the entire auto industry, and they are hanging on by a thread.
|By: Rayne Friday April 10, 2009 6:45 am|
|By: TomWells Tuesday March 31, 2009 10:06 am|
The SEIU is calling for the Obama Administration to fire Bank Of America CEO Ken Lewis in the same way they forced GM’s Rick Wagoner to resign. The SEIU asks the Obama Administration to apply the same lesson to the financial sector as it did to the automotive industry: “replace failed leadership and shepherd the industry into a new era.”
|By: Jane Hamsher Sunday February 15, 2009 2:02 pm|
Paola Sapienza and Luigi Zingales on the curious willingness of elected officials to help bankers but do nothing for mortgage holders:
Is it just an accident that in 2008 the financial industry spent $442.5 million in political contributions, while the automotive industry only spent $17.3 million, and homeowners spent none?
|By: Rayne Friday December 12, 2008 11:16 am|
You want wages reduced and a level playing field? Cough up the money.
|By: Rayne Tuesday December 9, 2008 4:13 pm|
There’s another key number they keep in mind as they badmouth the automakers and the autoworkers