Entries by emptywheel

GM, TARP and Traveling Down the Road

Okay, a couple of folks have been pining for a post on GM and the TARP announcement yesterday. The story was when the decision was made to make GMAC a bank holding company, and that was over a week ago. Once that was made what was announced yesterday about the injection of TARP funds was a foregone conclusion.

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The Gray Lady Calls for a Gas Tax

The NYT has done some really crappy ass reporting on the auto crisis. But, credit where it’s due, they’re now calling for a gas tax (h/t Atrios). And their editorial not only advocates for what I consider a smart policy, but they hit the key issues: that it’s not enough to force manufacturers to build energy efficient cars.

Yet for all the conditions attached to it, the multibillion-dollar aid package for Detroit’s

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