Showing posts with label 2008 financial meltdown. Show all posts
Showing posts with label 2008 financial meltdown. Show all posts

Thursday, December 04, 2008

The Green Bailout

Spend the money! Dump trillions into the economy! Do it! And make it work by transforming the U.S. of A. into a green colossus!

I'm serious.

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Autoworkers Don't Make $73 an Hour

So stop saying it.

In fact, according to General Motors, the figure representing the hourly cost of labor to automakers -- which GM puts at $69 -- includes not only current workers' hourly wages and benefits, such as health care and retirement, but also retirement and health-care benefits that U.S. automakers are providing for retirees.


Is that too hard to understand?


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Monday, September 22, 2008

The Financial Mess Explained

Not overly long, one look at some U.S. financial history from 1982 until the present.

And if you think it can't get worse, read this:

The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.


What does that mean? It means, if I'm understanding this correctly, and I think I am, that they don't have to go down in the flames they deserve - nope - they get a piece of the $700 billion dollar pie that us taxpayers will be paying.

Isn't that special?


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