The Great Debate

Don’t let U.S. automakers delay restructuring

November 19, 2008

morici– Peter Morici, a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission, testified before the Senate Banking Committee on the proposed bailout for the domestic auto industry. The following is his written testimony to the committee. The opinions expressed are his own. —

from Tales from the Trail:

Shocker: Fat cat CEOs fly on private jets!

November 19, 2008

Congress is taking a hard look at Detroit's autos these days. But what about Detroit's jets?

Bailout for automakers?

November 17, 2008


As Congress debates legislation to help struggling automakers, many Americans say they are uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad business practices. Some even question whether automakers will be viable, even with support.