Donald Trump is in Michigan today, sharing his two-dimensional worldview at the Detroit Economic Club. As Trump returns to the Motor City, it’s worth recalling just how little he thinks of Detroit, Michigan autoworkers, and the companies that employ them. First, who can forget what Trump said the last time he was here. He essentially told Michigan autoworkers, “You make […]

The Michigan Republican Party has continued Gov. Rick Snyder’s efforts to take credit for the economic improvements that have benefited the entire country, including our state. Here in Michigan, nothing has helped fuel economic growth like the resurgence of the vehicle manufacturing sector. Upwards of 60% of Michganders work in jobs that are impacted by vehicle manufacturing and, had our […]

Terri Lynn Land in front of reporters makes deer in headlights look calm & intelligent NOTE: This post has been updated HERE with video of Land’s faceplant at the Mackinac Policy Conference. I was pondering Terri Lynn Land’s lack of public appearances recently and knew that she was not going to be able to avoid facing reporters this week at […]

Betting on the American worker is ALWAYS a good bet

The Big 3 are doing pretty damn good right now. This week get reports that Ford and Chrysler experienced increased sales in October and GM’s stock price shot up after its third quarter report.

The Obama administration literally saved the domestic vehicle manufacturers and they would like to remind you of that. Video after the jump.

Plutocrats never lose, it’s just a matter of how much they win

Greg Palast has a article in The Nation this week that should be blowing the lid off the Romney campaign. Sadly, it’s getting scant attention. The article, “Mitt Romney’s Bailout Bonanza”, shows how hedge fun managers manipulated the rescue of the auto industry in order to cash in heavily and earn millions in profits, paid for entirely by the American tax payers. In the process, they stripped workers of both their pensions and their union protections.

The sad part is, if we hadn’t bailed out Chrysler and GM, these vulture capitalist friends of Mitt Romney probably would have figured out a way to cash in even more.

You know Mitt Romney is delusion about the Government-led rescue of the auto industry. He’s pretending that there was capital to save the industry from anywhere by Washington DC. Then he’s saying that he would have done everything Obama did, except he would have punished workers more while protecting Wall Street’s interests. Mitt’s refusal to stand up for the auto […]

And they call Obama “elitist”? Today, in a Detroit News op-ed titled “Taxpayers should get GM shares’ proceeds”, Mitt Romney doubled down on his previous New York Times editorial in which he declared the Obama administration should have let the auto industry perish. From the NYT piece “Let Detroit Go Bankrupt”: IF General Motors, Ford and Chrysler get the bailout […]

From former Governor Jennifer Granholm’s new show The War Room on Current TV. This is good stuff. Very good stuff. This is what’s got me fired up: Today, on the front page of the New York Times, there was a story about Michigan’s rebound. Believe it or not, the state of Michigan now has a $457 million surplus. Tax revenues […]

Like father Romney, like son Schostak: Obama and the Democrats will continue to hammer away at the fact that it was their decision to rescue GM and Chrysler with billions of dollars of aid. Romney, for one, has said the auto companies needed to go through a structured bankruptcy – as they did – but that taxpayers should not have […]

It’s not like Mitt Romney was counting on Michigan for any sort of support already. As I said before, if Mitt Romney wins the GOP nomination, he should probably just skip Michigan after his New York Times editorial called “Let Detroit Go Bankrupt” back in 2008: It will be interesting to see if Romney dares to show his face in […]

This should make progressives VERY happy. In fact, it ought to make the Congressional Progressive Caucus especially happy because the Obama administration is pushing to adopt a key component of their People’s Budget (pdf): forcing the banks that caused our country’s economic crisis to help pick up the pieces by paying for the losses incurred by taxpayers in helping save […]