Comments on: We’re All Technocrats

By: Anon E. Mouse

Anon E. Mouse — Sat, 13 Dec 2008 04:30:58 +0000

It will never be dead.

As long as UAW workers have mandatory payroll deduction that goes (barely in-)directly into the coffers of one our major political parties, there will be a bailout.

Ignore the kabuki theater. There will be a bailout.

By: joe

joe — Sat, 13 Dec 2008 04:25:27 +0000

A couple of questions to consider:
1. How do the current problems in the credit market affect DIP financing?
2. How big a hit to employment can the economy absorb?
3. Given our existing social safety net what's the cheapest way to deal with the problem? Pay unemployment? Or provide a bridge loan?
4. Since the market for new cars has gone from 17million to 12 million units a year what are the chances that it will be C7 and not C11?

By: Doug Murray

Doug Murray — Fri, 12 Dec 2008 17:16:28 +0000

“though equity values can (go poof)”, which has mostly already happened.

By: morganovich

morganovich — Fri, 12 Dec 2008 16:53:13 +0000

"the bailout is dead"

"long live the bailout!" looks like bush and co have been outfoxed by the congress again. suddenly the last $15bn of TARP is on the table and the the bush and the bald (paulson) are making noises about the need to do something.

meanwhile, arguably my least favorite congressman, barney frank, has finally come out and said it: "it's not about saving the companies. it's about supporting the workers." communist, sure, but at least he's finally being honest as opposed to blaming deregulation for the bad lending he helped mandate.

By: Rolo Tomasi

Rolo Tomasi — Fri, 12 Dec 2008 16:29:29 +0000

Congressional approval? Bush don’t need no stinking congressional approval.

http://www.foxnews.com/politics/2008/12/12/white-house-considers-tapping-b-fund-auto-industry/