... the plan poses significant political risks for his administration. Obama is gambling billions that GM can rise again after years of decline. Full Story »
Posted by Kaizar Campwala
This article was responsible and included facts. While I feel the title could have been better and still 'punchy', the article was a brief and contextually appropriate review of actual facts instead of unsubstantiated opinion that has been pervasive. It was a responsible report that managed to accomplish its goal without polarity.
The reality is, that to report this move as anything but risky would also be irresponsible. However, the article discusses, in brief, why the guarantees and transitional government investment role (by the US and Canada) provide mitigation of risk and help recalculate the odds to favor a win. I struggle with the metaphor of 'betting' because investing, while a gamble is not necessarily betting. Investment in the beleaguered auto-industry in the legally provided venue of bankruptcy ... More »
“We are helping the auto industry today. Who is it tomorrow? Is it the truckers? Is it the airline industry?” asked Rep. Jeb Hensarling (R-Tex.), one of the ... More »
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