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December 4, 2008
Editor, Baltimore Sun
Dear Editor:
You opine that Detroit automakers "need to explain in detail to Congress how they intend to eliminate thousands of uneconomical dealerships, swiftly bring their labor costs closer to what Toyota pays its workers…
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December 4, 2008
Friedrich Hayek wrote of the importance of what he called the rule of law over the rule of man. His point was that in order to be free to act according to our own plans we must know what the rules of the game are, for what reason they are…
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December 4, 2008
As the debate over whether taxpayers should fund a bailout of the Big Three U.S. automakers remains front and center on Capitol Hill, foreign auto manufacturers are surviving in the United States, operating without the need…
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December 3, 2008
Editor, Toledo Blade
Dear Editor:
Detroit auto executives advocate "government getting a stake in the auto companies that would allow taxpayers to share in future gains if they recover" ("GM exec: bankruptcy not an option for industry," Dec. 3).…
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December 3, 2008
Investment analyst John Rutledge on Nov. 22 offered “Forbes on Fox” the most succinct argument in favor of divided government I’ve heard: if a mugger is chasing you, you hope he’s slow. President Obama, the Pelosians and other Dems in full,…
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December 3, 2008
The network broadcast media have generally ignored or downplayed the role of unions in establishing bad business models for the Big Three U.S. automakers. But NBC’s “Today” show bucked the trend Dec. 3 with an honest report about how union contracts…
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December 3, 2008
“A trillion here, a trillion there and soon you’re talking about real money.”
That’s New York Times columnist and Nobel Prize winning economist Paul Krugman’s philosophy about government…
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December 3, 2008
Networks Darken 'Black Friday'
Leading
up to the unofficial start of the holiday shopping season, the
media billed the day as a barometer for the season. But when
sales…
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December 3, 2008
Editor, The Wall Street Journal
200 Liberty Street
New York, NY 10281
To the Editor:
Detroit auto executives persistently plead for Uncle Sam to bail them out – in part from the consequences of regulatory burdens that Uncle Sam himself imposed ("…
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December 3, 2008
When Federal Reserve Chairman Ben Bernanke speaks, Wall Street listens – and investors should beware. The Dow Jones Industrial Average (DJIA) has lost nearly 2,300 points on days he has spoken, including three of the worst point losses ever…