Rick Newman


April 2009


Why Chrysler Still Might Not Survive

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Give President Obama credit for his boldest bailout plan yet. Unlike some of the open-ended bank bailouts, his Chrysler plan makes hard choices, sets public standards and deadlines, and puts some burden on stakeholders besides the U.S. government. By forcing Chrysler into bankruptcy, Obama has ...

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TAGS:
Chrysler
General Motors

Obama’s Economic Hits and Misses

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It’s a bit like getting your first report card after just a week of school, but Barack Obama’s first 100 days in office obviously haven’t been the usual honeymoon period. When Obama became president in January, the economy had been in recession for 13 months, with no end in sight. Huge banks like ...

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TAGS:
Obama administration
Obama, Barack
economy
economics
deficit and national debt
AIG, Inc.
housing
banking
economic stimulus
credit
unemployment
car manufacturers

The Great Economic-Recovery Hunt

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So you think we’re on the verge of a recovery? Let’s see whether President Obama seems to agree:

On April 14, he acknowledged that a recovery is possible, someday. “For the very first time,” he said, “we're beginning to see glimmers of hope.” So when do glimmers of hope become big, broad shafts of ...

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The Other Reason Consumers Have Stopped Spending

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Like many Americans, I’ve cut back on spending. I thought this would be hard. It hasn't been. In fact, I feel a kind of relief, the way you do when an unwelcome guest finally departs.

Obviously I still buy everyday stuff like food, gasoline, music downloads, clothes and school supplies for my kids.

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5 Bailout Absurdities

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Last fall, it probably made sense to flood the financial system with money, to prevent a panic that could easily have compounded a nasty recession. But that was then. As the bailouts have proliferated, so have the unintended consequences, and the financial system is starting to look like a ...

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Inside GM's Fight For Survival

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At General Motors, they call it “the 60 days.” That's the window of time President Obama has given America’s biggest automaker to chart a bold new future - or declare bankruptcy.

Obama has set tough conditions that GM must meet by the end of May in order to get up to $25 billion in additional ...

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TAGS:
General Motors

What's Next For GM and Chrysler

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So the government has ordered bailout-seekers General Motors and Chrysler back to the drawing board - and sent GM's former CEO Rick Wagoner packing. The broad message is clear: The Obama administration - and a huge chunk of voters - are fed up with failing companies asking for handouts.

[See 5 ...

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TAGS:
General Motors
Chrysler

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