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	<title>The Truth About Cars &#187; Bailout Watch</title>
	<atom:link href="http://www.thetruthaboutcars.com/category/news-blog/bailout-watch/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thetruthaboutcars.com</link>
	<description>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</description>
	<pubDate>Thu, 04 Dec 2008 00:38:48 +0000</pubDate>
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		<copyright>&#xA9;Robert Farago </copyright>
		<managingEditor>robert.farago@thetruthaboutcars.com (Robert Farago)</managingEditor>
		<webMaster>robert.farago@thetruthaboutcars.com(Robert Farago)</webMaster>
		<category>Automotive</category>
		<ttl>80320</ttl>
		<itunes:keywords>car reviews,auto news,auto review,automotive news,auto reviews,used car reviews,auto industry news,automotive reviews</itunes:keywords>
		<itunes:subtitle>The Truth About Cars</itunes:subtitle>
		<itunes:summary>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:summary>
		<itunes:author>Robert Farago</itunes:author>
		<itunes:category text="Games &amp; Hobbies">
  <itunes:category text="Automotive"/>
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<itunes:category text="Sports &amp; Recreation"/>
<itunes:category text="Society &amp; Culture"/>
		<itunes:owner>
			<itunes:name>Robert Farago</itunes:name>
			<itunes:email>robert.farago@thetruthaboutcars.com</itunes:email>
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			<title>The Truth About Cars</title>
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		<item>
		<title>Bailout Watch 234: Obama Slides Back Towards &#8220;Aye&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-234-obama-slides-back-towards-aye/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-234-obama-slides-back-towards-aye/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 20:38:28 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174451</guid>
		<description><![CDATA[After recently appearing to edge away from his electorally necessary pro-bailout stance, it seems Obama is headed back towards his original position. &#8220;It appears based on reports that we&#8217;ve seen that this time out the executives from these automakers are putting forward a more serious set of plans,&#8221; the president elect tells Automotive News [sub]. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-234-obama-slides-back-towards-aye/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 233: CS First Boston on GM Plan: &#8220;another check before the end of 2Q09&#8243;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-234-credit-suisse-first-boston-on-gm-plan-the-government-may-have-to-write-another-check-before-the-end-of-2q09/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-234-credit-suisse-first-boston-on-gm-plan-the-government-may-have-to-write-another-check-before-the-end-of-2q09/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 19:29:00 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174382</guid>
		<description><![CDATA[• GM&#8217;s liquidity situation is dire. According to the company&#8217;s restructuring plan that was submitted to Congress on Tuesday, it looks like GM burned another $7 billion in October and November, and should be about cash flow neutral in December; making Q4 another $7b burn quarter.
• As such, GM requires $4 billion of government loans [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-234-credit-suisse-first-boston-on-gm-plan-the-government-may-have-to-write-another-check-before-the-end-of-2q09/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 232: CS First Boston on FoMoCo Plan: &#8220;Not Much Here&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-232-credit-suisse-first-boston-on-fomoco-plan-not-much-here/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-232-credit-suisse-first-boston-on-fomoco-plan-not-much-here/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 18:53:38 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174312</guid>
		<description><![CDATA[&#8220;There is very little in the way of new initiatives/efforts/changes to improve the cost structure or profitability of the company, in our view. Most of the document submitted to the Congress is an outline of the company&#8217;s existing &#8216;Plan&#8217; and actions that either have already been taken or are slated to play out over the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-232-credit-suisse-first-boston-on-fomoco-plan-not-much-here/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 231: GM BOD Hearts Rick Wagoner. Still.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-231-gm-bod-hearts-rick-wagoner-still/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-231-gm-bod-hearts-rick-wagoner-still/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 18:28:33 +0000</pubDate>
		<dc:creator>Stein X Leikanger</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174252</guid>
		<description><![CDATA[The lead outside director at GM, George M.C. Fisher, informs the NYTimes that &#8220;Rick is the right guy to lead this management team through this crisis.&#8221; Acting on the assumption that GM has any reputation left to lose, all thirteen outside directors are in agreement with the Master Accountant that &#8220;bankruptcy would ruin the company&#8217;s reputation.&#8221; [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-231-gm-bod-hearts-rick-wagoner-still/feed/</wfw:commentRss>
		</item>
		<item>
		<title>UAW Suspends Jobs Bank, Approves VEBA Delay</title>
		<link>http://www.thetruthaboutcars.com/uaw-suspends-jobs-bank-approves-veba-delay/</link>
		<comments>http://www.thetruthaboutcars.com/uaw-suspends-jobs-bank-approves-veba-delay/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 18:05:25 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Union News]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174151</guid>
		<description><![CDATA[United Auto Workers Boss Ron Gettelfinger held an emergency meeting with union local officials in Detroit today to discuss possible concessions aimed at bolstering the case for an automaker bailout. The result of that meeting was an agreement to suspend the union&#8217;s controversial Job Bank program, and to allow the D3 to delay making payments [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/uaw-suspends-jobs-bank-approves-veba-delay/feed/</wfw:commentRss>
		</item>
		<item>
		<title>NYT: Not Everyone In Michigan Is Pro-Bailout</title>
		<link>http://www.thetruthaboutcars.com/nyt-not-everyone-in-michigan-is-pro-bailout/</link>
		<comments>http://www.thetruthaboutcars.com/nyt-not-everyone-in-michigan-is-pro-bailout/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 17:18:11 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Industry]]></category>

		<category><![CDATA[Media]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=174052</guid>
		<description><![CDATA[As the battle over bailout bucks rages, it&#8217;s easy to get the impression that Fortress Detroit is unanimous in its support for the home team. As usual though, there&#8217;s more to the story than just the loudest voices. The New York Times conducted interviews across the state over the last two weeks, and found that [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/nyt-not-everyone-in-michigan-is-pro-bailout/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 230: WSJ LOLs at GM Rescue Plan</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-230-wsj-lols-at-gm-rescue-plan/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-230-wsj-lols-at-gm-rescue-plan/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 15:05:42 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=173902</guid>
		<description><![CDATA[The Wall Street Journal&#8217;s Evan Newmark takes a look at GM&#8217;s Congressional bailout begging term paper. To paraphrase, &#8220;we are amused&#8221; (in a deeply cynical, bemused sort of way). More specifically, &#8220;The restructuring plan comes up short on the most fundamental question. Will this company actually make money? Just look at the details — or [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-230-wsj-lols-at-gm-rescue-plan/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 229: Ford Back in the Black by 2011. In Theory. [Plan Below]</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-229-ford-back-in-the-black-by-2011-in-theory-plan-below/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-229-ford-back-in-the-black-by-2011-in-theory-plan-below/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 01:31:59 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=173272</guid>
		<description><![CDATA[Back when I started the General Motors Death Watch, I had no idea that I&#8217;d also be starting a Ford Death Watch. Or a Chrysler Suicide Watch. If you&#8217;d told me that they&#8217;d all be staring down the barrel of Chapter 11 at the same time, I would have found the suggestion highly improbable. As [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-229-ford-back-in-the-black-by-2011-in-theory-plan-below/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 228: Chrysler to Congress: $7b by January or We&#8217;re Dead [Plan Below]</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-228-chrysler-to-congress-7b-by-january-or-were-dead-plan-below/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-228-chrysler-to-congress-7b-by-january-or-were-dead-plan-below/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 01:00:07 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=173241</guid>
		<description><![CDATA[So here it is: Chrysler&#8217;s turnaround plan. And while you&#8217;re digesting that, Automotive News [sub] gives us the takeway: ChyCo will have $2.5 in cash by the end of the month. That&#8217;s not enough money to pay its suppliers, never mind anything else. &#8220;The bridge loan will help cover an estimated $11.6 billion in expenditures [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-228-chrysler-to-congress-7b-by-january-or-were-dead-plan-below/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 226: GM to Congress: $4b in December or We&#8217;re Dead [Plan Below]</title>
		<link>http://www.thetruthaboutcars.com/gm-to-congress-4b-in-december-or-were-dead/</link>
		<comments>http://www.thetruthaboutcars.com/gm-to-congress-4b-in-december-or-were-dead/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 21:14:59 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=172951</guid>
		<description><![CDATA[As GM&#8217;s 41 percent November sales drop sinks into the public consciousness, The General&#8217;s generals have not-so-coincidentally released their not-secret bailout request. And here it is. Judging from the state of things, Rick Wagoner might need to fly to DC&#8211; before it&#8217;s too late. &#8220;General Motors said Tuesday it needs $4 billion in government loans [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-to-congress-4b-in-december-or-were-dead/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Ford and GM to Sell Corporate Jets</title>
		<link>http://www.thetruthaboutcars.com/gm-cools-its-jets/</link>
		<comments>http://www.thetruthaboutcars.com/gm-cools-its-jets/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 20:23:15 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=172861</guid>
		<description><![CDATA[ABC News&#8211; originators of &#8220;Jet-gate&#8221;&#8211; report that both Ford and GM have decided to sell their corporate aircraft. GM&#8217;s press release on the subject was uncharacteristically terse, and characteristically timed (released on the same day as November&#8217;s abysmal sales stats). &#8220;GM&#8230; is ceasing operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-cools-its-jets/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 224: &#8220;Ford respectfully requests&#8230; $9b&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-224-ford-respectfully-requests-that-government-funding-be-made-available-to-us-in-the-form-of-a-%e2%80%9cstand-by%e2%80%9d-line-of-credit-in-the-amount-of-up-to-9-billion/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-224-ford-respectfully-requests-that-government-funding-be-made-available-to-us-in-the-form-of-a-%e2%80%9cstand-by%e2%80%9d-line-of-credit-in-the-amount-of-up-to-9-billion/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 17:44:30 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=172411</guid>
		<description><![CDATA[Ford has released its nonclassified report to the Senate Banking Committee today, as CEO Alan Mullaly escapes from Detroit in his Escape hybrid. The Detroit Free Press has posted the entire report in PDF format, and it&#8217;s 33 pages of good stuff. The big news: despite insisting that federal funds are a &#8220;backstop,&#8221; Ford is [...]]]></description>
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		</item>
		<item>
		<title>Bailout Watch 256: Gary Witzenburg is Insane</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-256-gary-witzenburg-is-insane/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-256-gary-witzenburg-is-insane/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 11:58:04 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=172031</guid>
		<description><![CDATA[Back when we TTAC didn&#8217;t have Ronnie Schreiber doggedly defending the D2.8, I contacted former GM PR spinmeister Gary Witzenburg to post an ed on the pro-Motown perspective. Big mistake. Despite&#8211; or because of&#8211; his exposure to our Best and Brightest, Gary went off the rails faster than the Polar Express. Other than an ex-girlfriend, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-256-gary-witzenburg-is-insane/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 254: Ford CEO Alan Mulally to Drive to D.C. Begathon</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-254-mulally-to-drive-to-dc/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-254-mulally-to-drive-to-dc/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 01:50:31 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=171881</guid>
		<description><![CDATA[There are two ways to look at this. First, Ford CEO Alan Mulally &#8220;gets it.&#8221; He understands that he screwed the PR pooch when he flew into Washington to beg for bailout billions in a big ass corporate jet. Alternatively, someone somewhere needs to get a grip. The guy gets $25m a year, Ford burned [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-254-mulally-to-drive-to-dc/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Bingo</title>
		<link>http://www.thetruthaboutcars.com/bailout-bingo/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-bingo/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 00:19:17 +0000</pubDate>
		<dc:creator>Richard Chen</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=171682</guid>
		<description><![CDATA[

]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-bingo/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 253: Conspiracy Theorists Unite! Bailout Hearings Postponed Until Thursday</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-253-conspiracy-theorists-unite-bailout-hearings-postponed-until-thursday/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-253-conspiracy-theorists-unite-bailout-hearings-postponed-until-thursday/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 23:06:31 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=171602</guid>
		<description><![CDATA[Automotive News [sub] tells us that &#8220;The Senate Banking Committee has rescheduled its next hearing on &#8216;the state of  the domestic automobile industry&#8217; for Thursday, Dec. 4&#8230; The House Financial Services Committee has a similar hearing scheduled for 9:30  a.m. Friday, Dec. 5.&#8221; Once again, the news org fails to answer the one [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-253-conspiracy-theorists-unite-bailout-hearings-postponed-until-thursday/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 252: The Last Refuge Of The Scoundrel</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-252-the-last-refuge-of-the-scoundrel/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-252-the-last-refuge-of-the-scoundrel/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 17:00:56 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[India]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=171112</guid>
		<description><![CDATA[Since the first mutterings of an auto industry bailout, the idea has wrapped itself in unabashedly patriotic rhetoric. Now that the battle for the billions has been joined, this nationalist veneer is reaching near-self-parody levels of earnestness. All the while we&#8217;ve been arguing that saving American jobs and saving the Detroit Three in their current [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-252-the-last-refuge-of-the-scoundrel/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 251: Volvo and Saab Now on Official Death Watch</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-251-volvo-and-saab-now-on-official-death-watch/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-251-volvo-and-saab-now-on-official-death-watch/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 14:31:31 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=170931</guid>
		<description><![CDATA[In the run-up to this weeks bridging tournament, GM and Ford are indicating their [belated] willingness to axe ailing brands. Now you could look at their most recent sales stats and argue that this description applies to all 11 U.S. car brands under The Big Two&#8217;s umbrella, but we speak here of the Swedish contingent: [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-251-volvo-and-saab-now-on-official-death-watch/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 250: Sound and Fury</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-250-he-who-owns-the-gold/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-250-he-who-owns-the-gold/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 12:48:31 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=170862</guid>
		<description><![CDATA[This is the week that the CEOs of Chrysler, Ford and GM make their second attempt at securing enough bailout bucks to stave-off bankruptcy (Ford not-so-much, but since you&#8217;re offering&#8230;). As is the way of such things, the serious &#8220;negotiations&#8221; is already going down, as politicians and supplicants prepare to posture for public presentation. Automotive [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-250-he-who-owns-the-gold/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 249: They&#8217;re Reviewing. The Situation.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-249-theyre-reviewing-the-situation/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-249-theyre-reviewing-the-situation/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 01:16:52 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=170702</guid>
		<description><![CDATA[GM&#8217;s Board of Bystanders spent a good part of their Sunday reviewing their Chairman (and CEO&#8217;s) DC-bound turnaround plan. According to Bloomberg, Rick Wagoner&#8217;s new new new new new new new turnaround plan takes two forms: a 10- to 12-page public document and a &#8220;private, more detailed plan of about 80 pages with background material.&#8221; [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-249-theyre-reviewing-the-situation/feed/</wfw:commentRss>
		</item>
		<item>
		<title>The Engine Of Democracy: Invented by Hitler?</title>
		<link>http://www.thetruthaboutcars.com/the-engine-of-democracy-invented-by-hitler/</link>
		<comments>http://www.thetruthaboutcars.com/the-engine-of-democracy-invented-by-hitler/#comments</comments>
		<pubDate>Fri, 28 Nov 2008 16:02:05 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=169392</guid>
		<description><![CDATA[
As Farago wrote, the Caravan of Love broke down before it even left Motown. Supposedly, it went virtual, and took the information superhighway instead of routes 76 and 70 as even the most half-witted GPS would recommend. Jeez, they can&#8217;t even do what a 3 year old can do in 10 minutes: Build a website. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/the-engine-of-democracy-invented-by-hitler/feed/</wfw:commentRss>
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		<item>
		<title>Ask the Best and Brightest: Who Will Walk Away With Saturn, Saab, Pontiac, Hummer?</title>
		<link>http://www.thetruthaboutcars.com/ask-the-best-and-brightest-who-will-walk-away-with-saturn-saab-pontiac-hummer/</link>
		<comments>http://www.thetruthaboutcars.com/ask-the-best-and-brightest-who-will-walk-away-with-saturn-saab-pontiac-hummer/#comments</comments>
		<pubDate>Thu, 27 Nov 2008 19:15:45 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Ask the Best and Brightest]]></category>

		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=169141</guid>
		<description><![CDATA[
According to Bloomberg, who has it from people supposedly familiar with the matter, GM &#8220;is studying whether to shed its Saturn, Saab and Pontiac brands in addition to Hummer.&#8221;
So assuming that they do:  Will they just dump the brands? As in throw them away? Or will they sell them? If the latter, who do you [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ask-the-best-and-brightest-who-will-walk-away-with-saturn-saab-pontiac-hummer/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 248: Pulling Together</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-248-pulling-together/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-248-pulling-together/#comments</comments>
		<pubDate>Thu, 27 Nov 2008 16:49:34 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=168902</guid>
		<description><![CDATA[There&#8217;s a small rash of stories spreading through the media with a single common thread: everyone&#8217;s going to pull together to get GM through until the government picks up the tab. So, is it feel-good holiday rumormongering, or something more? Let&#8217;s take a look. The first story comes from Automotive News [sub], and it quotes [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-248-pulling-together/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 247: Nobody Puts Buick In A Corner</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-247-nobody-puts-buick-in-a-corner/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-247-nobody-puts-buick-in-a-corner/#comments</comments>
		<pubDate>Thu, 27 Nov 2008 00:03:13 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=168241</guid>
		<description><![CDATA[Everyone else, notify your next of kin. Bloomberg attributes the all-too usual &#8220;people familiar with the matter&#8221; with the revelation that GM is &#8220;studying whether to shed its Saturn, Saab and Pontiac brands in addition to Hummer.&#8221; And what price are they putting on the three brands? $12b worth of government &#8220;bridge loan.&#8221; There goes [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-247-nobody-puts-buick-in-a-corner/feed/</wfw:commentRss>
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		<title>Bailout Watch 246: When You Think &#8220;Viability&#8221; And &#8220;Accountability,&#8221; Think Chrysler</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-246-when-you-think-viability-and-accountability-think-chrysler/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-246-when-you-think-viability-and-accountability-think-chrysler/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 21:13:35 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=168152</guid>
		<description><![CDATA[For lo, Robert Nardelli hath descended from the mountain, and yea verily he has a plan! &#8220;The company &#8230; is ready to share our plans for returning Chrysler to profitability as we move beyond this unprecedented financial crisis,&#8221; says Bob the Builder in a memo to employees that was leaked to Reuters. The memo clarifies [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-246-when-you-think-viability-and-accountability-think-chrysler/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 245: Mark Your Calendar</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-245-mark-your-calendar/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-245-mark-your-calendar/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 16:40:33 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=167801</guid>
		<description><![CDATA[The House Financial Services Committee will reconvene for another round of auto industry bailout hearings at 9:30 am on December 5, reports Automotive News [sub].  The committee did not release a witness list, but it is expected that the CEOs of General Motors, Ford Motor Co. and Chrysler LLC will appear for a second round [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-245-mark-your-calendar/feed/</wfw:commentRss>
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		<title>Bailout Watch 244: Where&#8217;s OUR $27b?</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-244-wheres-our-27b/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-244-wheres-our-27b/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 13:49:32 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=167351</guid>
		<description><![CDATA[The Bush Administration&#8217;s decision to release $27b from the Troubled Assets Recovery Program to prop-up Citigroup has pissed-off  Motown&#8217;s bailout brigade but good. &#8220;Financial industry rescue criticized as double standard&#8221; the Detroit Free Press&#8216; headline kvetches. &#8220;While the pending bailout of Citigroup is absolutely  necessary because they&#8217;re too big to fail, it&#8217;s the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-244-wheres-our-27b/feed/</wfw:commentRss>
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		<title>Bailout Watch 243: Spirit Airlines To &#8220;Bail Out&#8221; Passengers</title>
		<link>http://www.thetruthaboutcars.com/spirit-airlines-to-bail-out-passengers/</link>
		<comments>http://www.thetruthaboutcars.com/spirit-airlines-to-bail-out-passengers/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 21:34:25 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Whiskey Tango Foxtrot]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=166502</guid>
		<description><![CDATA[&#8220;Spirit Airlines wants to bailout Detroit air passengers.&#8221; Geddit? The airline is offering a &#8220;Detroit Bailout&#8221; sale; travelers can fly from Detroit to domestic and international destinations at prices starting from $59 each way. This isn&#8217;t the first unusual promotion offered by Spirit.  The airline once held a &#8220;Hunt for Hoffa&#8221; promotion in which [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/spirit-airlines-to-bail-out-passengers/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 242: Obama Doesn&#8217;t Want To Write A Blank Check</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-242-obama-doesnt-want-to-write-a-blank-check/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-242-obama-doesnt-want-to-write-a-blank-check/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 19:59:20 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=166362</guid>
		<description><![CDATA[&#8220;Tax payers can&#8217;t be expected to pony up more money for an auto industry that is resistant to change.&#8221; Doesn&#8217;t want to be kicking the can further down the road either.
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-242-obama-doesnt-want-to-write-a-blank-check/feed/</wfw:commentRss>
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		<title>Bailout Watch 241: GM&#8217;s Plan B</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-241-gms-plan-b/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-241-gms-plan-b/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 17:19:47 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=165861</guid>
		<description><![CDATA[Automotive News [sub] is reporting that GM managers are worried enough about their chances for a bailout to write up a &#8220;Plan B&#8221; in case the funds don&#8217;t come through. Of course this plan has nothing to do with restructuring, returning to profitability, or facing reality, it&#8217;s simply a plan to &#8220;keep the company running [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-241-gms-plan-b/feed/</wfw:commentRss>
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		<title>Bailout Watch 240: Rick And Alan Not Getting On The Bus</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-240-rick-and-alan-not-getting-on-the-bus/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-240-rick-and-alan-not-getting-on-the-bus/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 16:05:35 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=165642</guid>
		<description><![CDATA[The planned cavalcade of chrome fuel-efficient American vehicles from Detroit to DC is &#8220;a great idea,&#8221; according to GM spokesfolks, but neither the General nor Ford will officially participate in the stunt. Suppliers, dealers and the UAW will make up the bulk of the spectacle, although there&#8217;s still a chance that Chrysler&#8217;s Bob Nardelli could [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-240-rick-and-alan-not-getting-on-the-bus/feed/</wfw:commentRss>
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		<title>Bailout Watch 239: Detroit&#8217;s Caravan Of Love</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-239-detroits-caravan-of-love/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-239-detroits-caravan-of-love/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 19:50:23 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=164851</guid>
		<description><![CDATA[Stung by the public outcry over Jet-Gate, Detroit&#8217;s automakers are orchestrating a &#8220;cavalcade of fuel-efficient American-brand vehicles to Washington, D.C., in December, when Congress reconsiders the industry&#8217;s plea for quick action on low-interest loans,&#8221; according to the Detroit Free Press. &#8220;The aim,&#8221; intones the Freep, &#8220;is to put a populist face on the need for [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-239-detroits-caravan-of-love/feed/</wfw:commentRss>
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		<item>
		<title>SNL Covers The Detroit Bailout Hearings</title>
		<link>http://www.thetruthaboutcars.com/snl-covers-the-detroit-bailout-hearings/</link>
		<comments>http://www.thetruthaboutcars.com/snl-covers-the-detroit-bailout-hearings/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 17:46:12 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Whiskey Tango Foxtrot]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=164652</guid>
		<description><![CDATA[Hat Tip: Jalopnik
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/snl-covers-the-detroit-bailout-hearings/feed/</wfw:commentRss>
<enclosure url="http://www.thetruthaboutcars.com/wp-content/uploads/2008/11/snl-auto-bailout-112208.wmv" length="15167877" type="video/x-ms-wmv" />
		</item>
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		<title>Bailout Watch 239: $21m And Still No Bailout?</title>
		<link>http://www.thetruthaboutcars.com/21m-and-still-no-bailout/</link>
		<comments>http://www.thetruthaboutcars.com/21m-and-still-no-bailout/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 15:11:08 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[PR]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=164332</guid>
		<description><![CDATA[Let&#8217;s just agree now that if Ford, GM and Chrysler get their $25b in December, the $21m they invested in lobbying efforts this year was a brilliant investment. Of course, as the Detroit News reports, that&#8217;s actually $21.6m and that only covers the first three quarters of this year; fourth-quarter lobbying disclosures don&#8217;t come out [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/21m-and-still-no-bailout/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 238: Obama: &#8220;A Plan Would Be Nice&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-238-obama-a-plan-would-be-nice/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-238-obama-a-plan-would-be-nice/#comments</comments>
		<pubDate>Sun, 23 Nov 2008 23:27:49 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=164022</guid>
		<description><![CDATA[Barack Obama&#8217;s turd blossom David Axelrod appeared on ABC&#8217;s &#8220;This Week&#8221; today (via Reuters), quietly backing the president-elect away from is electorally-necessary support for an automaker giveaway. &#8220;We all have a stake in the survival and the prosperity of the auto industry,&#8221; said the future senior White House adviser. &#8220;But in order to do that, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-238-obama-a-plan-would-be-nice/feed/</wfw:commentRss>
		</item>
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		<title>Bailout Watch 237: GM Denies Brazil Bailout Story</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-237-gm-denies-brazil-bailout-story/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-237-gm-denies-brazil-bailout-story/#comments</comments>
		<pubDate>Sun, 23 Nov 2008 19:35:05 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=163922</guid>
		<description><![CDATA[When Autoblog caught wind of the Latin American Herald Tribune story quoting GM Brazil&#8217;s CEO as saying GM would invest $1b worth of US bailout money in Brazilian operations, they knew there was something weird about the story. Ya think? The original LAHT story paraphrases (rather than directly quoting) GM Brazil&#8217;s Jaime Ardila as saying [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-237-gm-denies-brazil-bailout-story/feed/</wfw:commentRss>
		</item>
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		<title>Bailout Watch 236: Ford Embraces Post-Jet-Gate Morality</title>
		<link>http://www.thetruthaboutcars.com/bailout-wathc-236-ford-embraces-post-jet-gate-morality/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-wathc-236-ford-embraces-post-jet-gate-morality/#comments</comments>
		<pubDate>Sun, 23 Nov 2008 02:07:51 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=163422</guid>
		<description><![CDATA[Now that GM has launched its PR response to Jet-Gate, Ford is also taking steps to be ensure that it is perceived as an austere, efficient company. And no, they&#8217;re not making Mulally give up his Lexus (he was already supposed to have, although ABC News appears to have caught hime in flagrante delicto with [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-wathc-236-ford-embraces-post-jet-gate-morality/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout Watch 235: GM Outsourcing One Billion Bailout Bucks To Brazil</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-235-gm-outsourcing-one-billion-bailout-bucks-to-brazil/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-235-gm-outsourcing-one-billion-bailout-bucks-to-brazil/#comments</comments>
		<pubDate>Sat, 22 Nov 2008 21:34:51 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=163381</guid>
		<description><![CDATA[Infowars has a story from the Latin American Herald Tribune that suggests GM could send bailout money to Brazil. The story quotes GM Brazil-Mercosur President Jaime Ardila as saying GM plans to invest $1 billion worth of American tax dollars in Brazil to avoid the kind of problems the U.S. automaker is facing in its [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-235-gm-outsourcing-one-billion-bailout-bucks-to-brazil/feed/</wfw:commentRss>
		</item>
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		<title>Bailout Watch 234: &#8220;In your heart, you know he is right&#8230;. I hope you will post this&#8230; Please?&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-234-in-your-heart-you-know-he-is-right-i-hope-you-will-post-this-please/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-234-in-your-heart-you-know-he-is-right-i-hope-you-will-post-this-please/#comments</comments>
		<pubDate>Sat, 22 Nov 2008 14:26:49 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=163261</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-234-in-your-heart-you-know-he-is-right-i-hope-you-will-post-this-please/feed/</wfw:commentRss>
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		<title>Bailout Watch 232: There Will Be Bankruptcies. Or Not.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-232-there-will-be-bankruptcies-or-not/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-232-there-will-be-bankruptcies-or-not/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 16:07:44 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=161982</guid>
		<description><![CDATA[Bloomberg reports that Obama&#8217;s transition team is exploring the possibility of prepackaged bankruptcies as a solution to the dire situation the Detroit Three find themselves in. According to an anonymous source, Obama&#8217;s team has already contacted at least one bankruptcy- law firm to say that Daniel Tarullo, a professor at Georgetown University&#8217;s law school who [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-232-there-will-be-bankruptcies-or-not/feed/</wfw:commentRss>
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		<title>Bailout Watch 230: Harris vs. Romney</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-230-harris-vs-romney/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-230-harris-vs-romney/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 12:17:52 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=161521</guid>
		<description><![CDATA[Re “Let Detroit Go Bankrupt” (Op-Ed, Nov. 19):
I noticed the Boston dateline on Mitt Romney’s article advocating bankruptcy  for Detroit’s auto industry. From his New England home, Mr. Romney may not  realize how much the industry has changed since 1969, when his father, George W.  Romney, left Michigan to become housing and [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-230-harris-vs-romney/feed/</wfw:commentRss>
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		<title>Bailout Watch 229: GM CEO: &#8220;Our Bailout Plan&#8217;s Ready&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-229-gm-ceo-our-plans-ready/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-229-gm-ceo-our-plans-ready/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 02:58:02 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=161271</guid>
		<description><![CDATA[Just hours after Washington legislators told Rick Wagoner to come-up with a more compelling case for bailout billions, GM&#8217;s CEO assured The Detroit News that he&#8217;s ready to submit his new new new new new turnaround plan. &#8220;We&#8217;ve got the plans and are ready to go,&#8221; Wagoner told the hometown paper. &#8220;We&#8217;re not starting from [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-229-gm-ceo-our-plans-ready/feed/</wfw:commentRss>
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		<title>Bailout Watch 228: Of All The Gin Joints In All The World&#8230;</title>
		<link>http://www.thetruthaboutcars.com/take-two/</link>
		<comments>http://www.thetruthaboutcars.com/take-two/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 20:14:32 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=160871</guid>
		<description><![CDATA[In a press conference today, congressional leadership announced that it would not shut the door on a possible automaker bailout, giving the Detroit 3 until December 2 to come up with a plan to restructure their businesses. Which means the three stooges could be back in DC for an encore performance of their hit comedy [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/take-two/feed/</wfw:commentRss>
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		<title>Bailout Watch 227: Michael Moore Votes Nay</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-227-michael-moore-votes-nay/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-227-michael-moore-votes-nay/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 19:05:34 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=160782</guid>
		<description><![CDATA[ Liberal bomb-thrower and &#8220;Roger &#38; Me&#8221; documentarian Michael Moore described his &#8220;mixed feelings&#8221; about a proposed Detroit bailout in a CNN interview with Larry King, accusing automakers of ignoring workers and customers. The Detroit News was apparently more than a little surprised by the revelation, kicking off its coverage of the interview with its [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-227-michael-moore-votes-nay/feed/</wfw:commentRss>
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		<title>Bailout Watch 226: Senate Reaches Compromise on Bailout Bill</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-226-the-final-nail-in-the-coffin/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-226-the-final-nail-in-the-coffin/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 17:36:35 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=160471</guid>
		<description><![CDATA[MSNBC is reporting that auto-state senators&#8217; aides say they&#8217;ve reached a compromise to throw money at &#8220;speed emergency loans&#8221; to Chrysler, Ford and GM. And speed is the drug of choice here. After The Big 2.8&#8217;s CEO shot themselves in their collective feet in front of a Senate committee charged with rubber-stamping the $25b deal, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-226-the-final-nail-in-the-coffin/feed/</wfw:commentRss>
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		<title>Bailout Watch 225: Die Another Day?</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-225-die-another-day/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-225-die-another-day/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 16:38:22 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=160292</guid>
		<description><![CDATA[Detroit has had some time to get used to watching the hometown team lose. After the D3 Execs&#8217; dismal performance in DC, most of the country feels confident that federal moolah won&#8217;t flood Motown, but for the Detroit dead-enders, hope springs eternal. And their congressional enablers are standing by to keep expectations wildly unrealistic. The [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-225-die-another-day/feed/</wfw:commentRss>
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		<title>Bailout Watch 224: GM CEO Rick Wagoner Resigns. Almost. But Not Quite.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-224-gm-ceo-rick-wagoner-resigns-almost-but-not-quite/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-224-gm-ceo-rick-wagoner-resigns-almost-but-not-quite/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 15:03:19 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=160082</guid>
		<description><![CDATA[The Detroit Free Press has been watching Bloomberg TV (who has the time?). And who should they see but Red Ink Rick Wagoner, the GM CEO whose testimony in front of the Senate gives new meaning to the words &#8220;clutch player.&#8221; Apparently, late in the game, Mr. Wagoner is ready to float away to Aruba [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-224-gm-ceo-rick-wagoner-resigns-almost-but-not-quite/feed/</wfw:commentRss>
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		<title>Bailout Watch 222: Motown&#8217;s $25 Bailout Bill DOA?</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-222-senator-reid-cancels-bailout-bill/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-222-senator-reid-cancels-bailout-bill/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 03:47:17 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=159452</guid>
		<description><![CDATA[The Detroit News reports that Senator Harry Reid has thrown in the proverbial towel for the Detroit bailout bill&#8211; at least for this week. Thanks to less-than-stellar Congressional testimony by Ford, Chrysler and GM CEOs, their plan to carve-out and carve-up $25b from the fed&#8217;s existing $700b bailout fund seems to have, as the Brits [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-222-senator-reid-cancels-bailout-bill/feed/</wfw:commentRss>
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		<title>Nardelli Wins The Iacocca Challenge</title>
		<link>http://www.thetruthaboutcars.com/nardelli-wins-the-iacocca-challenge/</link>
		<comments>http://www.thetruthaboutcars.com/nardelli-wins-the-iacocca-challenge/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 01:48:56 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=159112</guid>
		<description><![CDATA[In testimony before the House Financial Services Committee, Chrysler CEO Bob Nardelli agreed to match Lee Iacocca&#8217;s $1 per year salary if Congress would only give his firm their $7b chunk of the proposed automaker bailout. Ford&#8217;s Alan Mulally told the Committee he is “fine where he is,” and noted that he needs to make [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/nardelli-wins-the-iacocca-challenge/feed/</wfw:commentRss>
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		<title>Bailout Watch 221: Mitt Mauls Motown</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-221-mitt-mauls-motown/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-221-mitt-mauls-motown/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 00:00:20 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Media]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=158972</guid>
		<description><![CDATA[Mitt Romney reckons Detroit&#8217;s bailout brigade should get bupkis from Uncle Sam. Squat. Zero. Zilch. The big goose egg. Writing in The New York Times, the failed Republican presidential candidate and former Bay State gov leave no word unminced, claiming &#8220;Detroit needs a turnaround, not a check.&#8221; Quick digression. If that&#8217;s the quality of Mitt&#8217;s [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-221-mitt-mauls-motown/feed/</wfw:commentRss>
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		<title>Rep. Barney Frank: &#8220;$25b Not Enough&#8221;</title>
		<link>http://www.thetruthaboutcars.com/rep-barney-frank-25b-not-enough/</link>
		<comments>http://www.thetruthaboutcars.com/rep-barney-frank-25b-not-enough/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 19:54:44 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=158382</guid>
		<description><![CDATA[Chairman of the House Financial Services Committee Barney Frank (D-MA) spoke with NPR earlier today, and within a single question the bailout&#8217;s biggest backer was already undercutting his $25b pet project. “We don&#8217;t think it would be enough,” admits Frank, “If, on March 31, the president does not believe that this is going to get [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/rep-barney-frank-25b-not-enough/feed/</wfw:commentRss>
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		<title>Bailout Watch 220: GM Fastlane Blog vs. The New York Times</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-220-gm-fastlane-blog-vs-the-new-york-times/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-220-gm-fastlane-blog-vs-the-new-york-times/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 15:14:17 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=158192</guid>
		<description><![CDATA[GM Fastlane blog was launched with the usual blather about two-way communications between the suits and the &#8220;little people&#8221; (a.k.a customers), complete with assurances that executives really will (we swear to God) read your comments and respond. Aside from one remark by Rick Wagoner about one commentator&#8217;s girlfriend&#8217;s car (as I remember it), this has [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-220-gm-fastlane-blog-vs-the-new-york-times/feed/</wfw:commentRss>
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		<title>Richard Wagoner’s Götterdämmerung</title>
		<link>http://www.thetruthaboutcars.com/richard-wagoner%e2%80%99s-gotterdammerung/</link>
		<comments>http://www.thetruthaboutcars.com/richard-wagoner%e2%80%99s-gotterdammerung/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 13:39:52 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=157911</guid>
		<description><![CDATA[Watching the pressed suits in front of Dodd&#8217;s Committee made me sad last night. (Yes, we can watch CSPAN in China. On-line. Amazing. Probably a ploy to dissuade the Chinese populace from wanting democracy.) Sad I was, because I had expected an &#8220;are you or have you ever been tearing out the very heart of [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/richard-wagoner%e2%80%99s-gotterdammerung/feed/</wfw:commentRss>
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		<title>Bailout Watch 219 - Live-Blogging Bailout Hearings. Not.</title>
		<link>http://www.thetruthaboutcars.com/ttac-detroit-bailout-219-live-blog-not/</link>
		<comments>http://www.thetruthaboutcars.com/ttac-detroit-bailout-219-live-blog-not/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 22:16:11 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=157212</guid>
		<description><![CDATA[Sorry guys, too much domestic kerfuffle to carry this on (Sponge Bob! I don&#8217;t want to watch TV upstairs! Where&#8217;s my dinner?) Suffice it to say, TTAC will report on the hearings in various posts as we go along. My take so far: Dodd is an extremely convincing politician, in an avuncular sort of way. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ttac-detroit-bailout-219-live-blog-not/feed/</wfw:commentRss>
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		<title>Bailout Watch 218: Gettelfinger Blackmails Congress</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-218-gettelfinger-blackmails-congress/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-218-gettelfinger-blackmails-congress/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 20:16:30 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=156842</guid>
		<description><![CDATA[UAW President Ron Gettelfinger is joining Detroit&#8217;s two-day testimonial of shame in Washington DC today, and in case there was any suspense about what he would say, he leaked his notes to the Detroit News. The shameless audacity of his position shouldn&#8217;t come as a surprise, given his (and his organization&#8217;s) track record. Still, it [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-218-gettelfinger-blackmails-congress/feed/</wfw:commentRss>
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		<title>Bailout Watch 217: GM Rallies Its Customers for Bailout Billions</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-217-gm-rallies-its-customers-for-bailout-billions/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-217-gm-rallies-its-customers-for-bailout-billions/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 18:41:50 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=156692</guid>
		<description><![CDATA[&#8212;&#8211;Original Message&#8212;&#8211;
From: GM Grassroots [mailto:grassroots@gm.com]
Sent: Tuesday, November 18, 2008 8:42 AM
To:
Subject: Your message to Congress
Dear &#8212;
Thank you for letting Congress know that you think the American auto industry is a part of the fabric of America.
Here is a copy of the actual message you sent to let them know how you feel about saving this [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-217-gm-rallies-its-customers-for-bailout-billions/feed/</wfw:commentRss>
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		<title>Bailout Watch 216: &#8220;Taxpayer Dollars Should Go To Companies That Can Show Viability&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-216-taxpayer-dollars-should-go-to-companies-that-can-show-viability/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-216-taxpayer-dollars-should-go-to-companies-that-can-show-viability/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 16:50:20 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=155681</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-216-taxpayer-dollars-should-go-to-companies-that-can-show-viability/feed/</wfw:commentRss>
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		<title>Bailout Watch 206: Here&#8217;s the Deal</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-206-heres-the-deal/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-206-heres-the-deal/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 14:44:11 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=156011</guid>
		<description><![CDATA[Senator Harry Reid has revealed the devilish details of the bailout bill for Motown&#8217;s meltdown. First, as predicted here, the Dems are sticking to their guns. They&#8217;re insisting that the money come from the preexisting $700b Wall Street bailout, not the $25b Department of Energy Loans (which would incur the wrath of environmentalists everywhere). Under [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-206-heres-the-deal/feed/</wfw:commentRss>
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		<title>Bailout Watch 205: GM Blackmails Dealers</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-205-gm-blackmails-dealers/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-205-gm-blackmails-dealers/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 21:42:22 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Dealer News]]></category>

		<category><![CDATA[Incentives]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=155542</guid>
		<description><![CDATA[Detroit&#8217;s slow-mo meltdown has been rife with tipping points for years now. As bad decisions piled upon bad luck, we&#8217;ve seen the signs become increasingly ominous. The light at the end of the tunnel has become so faint now that each new misstep comes hard on the heels of the previous one, each taking on [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-205-gm-blackmails-dealers/feed/</wfw:commentRss>
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		<title>Bailout Watch 204: Freep Loves Them Some Bailout pt. 2</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-204-freep-loves-them-some-bailout-pt-2/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-204-freep-loves-them-some-bailout-pt-2/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 19:01:51 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=155192</guid>
		<description><![CDATA[<a title="Not Free From Bias" rel="lightbox" href="http://www.thetruthaboutcars.com/wp-content/uploads/2008/11/logo_detroitfreepress.gif" target="_blank"><img class="right" title="All the agitprop that's fit to print" src="http://www.thetruthaboutcars.com/wp-content/uploads/2008/11/logo_detroitfreepress.gif" alt="" width="318" height="68" /></a>I think it's about time to dub Freep the official home of pro-bailout agitprop. When you make the Detroit News look like it's being run by H.L. Mencken's Tabasco-marinated ulcer, it's time to rethink your priorities. Or adopt the tagline "fair and balanced." Anyway, the Freep's unabashed Detroit boosterism is reaching a fever pitch, with everyone capable of wielding subject and predicate pitching in for the noble cause of disguising self interest as principle. From old standby (and former <a href="http://www.thetruthaboutcars.com/cassandra-watch-mark-phelan-edition/">Cassandra</a>) Mark Phelan, to financial columnist Susan Tompor, to a <a href="http://www.freep.com/article/20081117/OPINION01/811170302/0/BUSINESS01">condescending missive</a> by the Freep's editorial board, the latest issue spins harder than a Baghdad Bob interview in Spin magazine. Let's pop a Dramamine and take a look, shall we?]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-204-freep-loves-them-some-bailout-pt-2/feed/</wfw:commentRss>
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		<title>Bailout Watch 202: Requiem For A Strip And Flip</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-202-requiem-for-a-strip-and-flip/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-202-requiem-for-a-strip-and-flip/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 17:14:23 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=155011</guid>
		<description><![CDATA[One point on which the mainstream motor press has always agreed with TTAC is skepticism towards Cerberus&#8217; claim that it doesn&#8217;t intend on &#8220;stripping and flipping&#8221; Chrysler. It&#8217;s been conventional wisdom since the Cerberus purchase was announced, and it makes perfect sense. They got ChryCo for a song, so why not break it up and [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-202-requiem-for-a-strip-and-flip/feed/</wfw:commentRss>
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		<title>Bailout Watch 201: GM PR&#8217;s Tangerine Dream</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-201-gm-prs-tangerine-dream/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-201-gm-prs-tangerine-dream/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 15:13:00 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154872</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-201-gm-prs-tangerine-dream/feed/</wfw:commentRss>
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		<title>Bailout Watch 200: Debunking the Security Issue</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-200-debunking-the-security-issue/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-200-debunking-the-security-issue/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 14:20:40 +0000</pubDate>
		<dc:creator>Adrian Imonti</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154691</guid>
		<description><![CDATA[You’d be hard pressed to find a justification for The Big 2.8 bailout that The Detroit News doesn’t like. But even the hometown paper’s cheerleaders are having a tough time swallowing claims that America’s national security would be jeopardized if GM, Ford and Chrysler aren’t kept afloat. Reporter Gordon Trowbridge provides generous airtime to the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-200-debunking-the-security-issue/feed/</wfw:commentRss>
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		<title>Bailout Watch 199: Jackie Mason Votes No</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-199-jackie-mason-votes-no/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-199-jackie-mason-votes-no/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 13:37:54 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154602</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-199-jackie-mason-votes-no/feed/</wfw:commentRss>
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		<title>Bailout Watch 198: Levin Throws Wagoner Under the Bus</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-198-levin-throws-wagoner-under-the-bus/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-198-levin-throws-wagoner-under-the-bus/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 00:37:23 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154202</guid>
		<description><![CDATA[From the &#8220;with friends like these&#8221; department&#8230; The Detroit News reports that Michigan Senator Carl Levin met the press and announced his willingness to sacrifice GM CEO Rick Wagoner to get The General the bailout billions it needs thanks to Red Ink Rick&#8217;s myopia, intransigence and incompetence. &#8220;I&#8217;d be happy to tell (GM CEO) Rick [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-198-levin-throws-wagoner-under-the-bus/feed/</wfw:commentRss>
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		<title>Bailout Watch 197: The Battle Lines Are Drawn Pt. 3</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-197-the-battle-lines-are-drawn-pt-3/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-197-the-battle-lines-are-drawn-pt-3/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 22:53:08 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154102</guid>
		<description><![CDATA[And now, a few decades and several tens of billions of dollars later, we have southern politicians with automotive manufacturing facilities in their backyards. And, for some reason, they&#8217;re not feeling a particularly strong desire to spend federal taxpayers&#8217; money on bailing out Detroit. As The Atlanta Journal Constitution puts it, &#8220;For behind the philosophical [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-197-the-battle-lines-are-drawn-pt-3/feed/</wfw:commentRss>
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		<title>Bailout Watch 196: The Battle Lines Are Drawn Pt. 2</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-196-the-battle-lines-are-drawn-pt2/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-196-the-battle-lines-are-drawn-pt2/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 21:35:13 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=154031</guid>
		<description><![CDATA[The weekend talkers are going all-Motown all the time, as Dems talk up their bailout plans and Republicans show off some freshly-developed backbone. And if you talk about Detroit long enough, some nasty things are going to be said. &#8220;They&#8217;re not building the right products,&#8221; Alabama Senator Richard Shelby told Meet The Press (via AP). [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-196-the-battle-lines-are-drawn-pt2/feed/</wfw:commentRss>
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		<title>Bailout Watch 195: As the Worm Turns</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-195-as-the-worm-turns/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-195-as-the-worm-turns/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 16:58:26 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=153752</guid>
		<description><![CDATA[Back in the day, I wrote one General Motors Death Watch a week and that was pretty much that. Now that GM&#8217;s hit the buffers, begging for bailout billions with loquacious (if louche) lobbying, you can&#8217;t click on a news source without encountering an editorial or news piece on Motown&#8217;s meltdown. And it IS an [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-195-as-the-worm-turns/feed/</wfw:commentRss>
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		<title>Bailout Watch 194: Terry Box is Insane</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-194-terry-box-is-insane/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-194-terry-box-is-insane/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 14:10:44 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=153581</guid>
		<description><![CDATA[It pains me to write this. The Dallas Morning News scribe Terry Box has long been one of my favorite automotive journalists. He may not return my phone calls, but, unlike a number of reporters, he doesn&#8217;t hang up when he hears my voice. He&#8217;s been known to take automakers behind the woodshed for their [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-194-terry-box-is-insane/feed/</wfw:commentRss>
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		<title>Bailout Watch 193: Warren Brown Plays the Race Card</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-193-warren-brown-plays-the-race-card/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-193-warren-brown-plays-the-race-card/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 02:04:36 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=153102</guid>
		<description><![CDATA[Washington Post automotive reviewer and Detroit apologist Warren Brown is black. While I couldn&#8217;t care less about Warren&#8217;s skin color, his latest appeal on behalf of his benefactors&#8217; bailout billions is beyond the pale. It focuses exclusively on his ethnicity, suggesting that The Big 2.8 deserve federal money because they&#8217;ve put Warren&#8217;s &#8220;people&#8221; on the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-193-warren-brown-plays-the-race-card/feed/</wfw:commentRss>
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		<title>Bailout Watch 192: John McElroy is Insane</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-192-john-mcelroy-is-insane/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-192-john-mcelroy-is-insane/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 01:45:13 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=153061</guid>
		<description><![CDATA[Did we miss something? After repeating the inherently suspicious Center for Automotive Research stats on the impact of a Motown meltdown, and sharing the history of the federally-sponsored Chrysler comeback, AutoLine Detroit apologist and Autoblog columnist John McElroy is ready to share the upside of another federal bailout for Detroit. &#8220;Most people seem to miss [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-192-john-mcelroy-is-insane/feed/</wfw:commentRss>
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		<title>Bailout Watch 191: The Battle Lines are Drawn</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-191-the-battle-lines-are-drawn/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-191-the-battle-lines-are-drawn/#comments</comments>
		<pubDate>Sat, 15 Nov 2008 23:52:49 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=152791</guid>
		<description><![CDATA[We&#8217;ve already reported that the White House isn&#8217;t keen on Democratic plans for a Motown bailout. As Automotive News [sub] reminds us, George W. doesn&#8217;t want the dems to appropriate the $700b appropriation earmarked for bailing out America&#8217;s financial system. As an alternative, the Prez signaled Pelso, Reid &#38; Co. that he&#8217;s OK with the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-191-the-battle-lines-are-drawn/feed/</wfw:commentRss>
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		<title>Bailout Watch 190: White House Wants DOE Loans &#8220;Released&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-190-white-house-wants-doe-loans-released/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-190-white-house-wants-doe-loans-released/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 23:58:02 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=152192</guid>
		<description><![CDATA[Political analysts are having a field day with this bailout business. Do Democrats want the multi-billion dollar automakers&#8217; rescue pack to fail along partisan lines, so they can blame the fall-out on Diego the Republicans&#8211; before there are no Republicans left to blame? Are the Republicans stonewalling the bailout because they&#8217;re against the bailout on [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-190-white-house-wants-doe-loans-released/feed/</wfw:commentRss>
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		<title>Tipping Point: 60% of American Consumers Predict Bankruptcy for Detroit</title>
		<link>http://www.thetruthaboutcars.com/gm-passes-the-tipping-point-60-predict-bankruptcy/</link>
		<comments>http://www.thetruthaboutcars.com/gm-passes-the-tipping-point-60-predict-bankruptcy/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 20:50:47 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=151842</guid>
		<description><![CDATA[My colleague is hard at work debunking a GM-funded poll. It&#8217;s the latest weapon girding The General&#8217;s belt as it bolsters its claim on bailout billions. As several of TTAC&#8217;s Best and Brightest have already pointed-out, Motown&#8217;s strategy in this bailout push has been an enormous mistake. By publicly lobbying for taxpayers&#8217; funds&#8211; without a [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-passes-the-tipping-point-60-predict-bankruptcy/feed/</wfw:commentRss>
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		<title>Bailout Watch, German Edition, Zwei: “Angela, I’m Sorry. Opel Deserves Less”</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-german-edition-zwei-%e2%80%9cangela-i%e2%80%99m-sorry-opel-deserves-less%e2%80%9d/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-german-edition-zwei-%e2%80%9cangela-i%e2%80%99m-sorry-opel-deserves-less%e2%80%9d/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 17:44:22 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Germany]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=151412</guid>
		<description><![CDATA[A few days ago, GM CEO &#8220;Red Ink&#8221; Rick Wagoner told his man in Germany to ask the German government for €40b (and sundry other goodies.)  Opel-Chief  Hans H. Demant&#8217;s request was shot down in Berlin faster than a 747 over Kamchatka. In fact, Opel/GM&#8217;s mental sanity was publicly called into question. Deeply humbled, Demant [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-german-edition-zwei-%e2%80%9cangela-i%e2%80%99m-sorry-opel-deserves-less%e2%80%9d/feed/</wfw:commentRss>
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		<title>Bailout Watch 185: Ask A Capitalist</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-185-ask-a-capitalist/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-185-ask-a-capitalist/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 17:11:16 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=151312</guid>
		<description><![CDATA[Here&#8217;s a crazy idea. Instead of relying on a bunch of politicians with little to no business experience to sort out GM&#8217;s problems, let&#8217;s find out what someone who actually turns around failing companies for a living would do. How about, say, William Ackman of Pershing Square Capital? After all, his Fannie/Freddie restructuring ideas seemed [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-185-ask-a-capitalist/feed/</wfw:commentRss>
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		<title>Bailout Watch 184: Chrysler&#8217;s Case for Bailout Billions</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-184-chryslers-case-for-bailout-billions/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-184-chryslers-case-for-bailout-billions/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 16:53:40 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=151321</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-184-chryslers-case-for-bailout-billions/feed/</wfw:commentRss>
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		<title>Bailout Watch 183: Senator Chuck Grassley: &#8220;Be Like Lee&#8221;</title>
		<link>http://www.thetruthaboutcars.com/iowa-senator-chuck-grassley-be-like-lee/</link>
		<comments>http://www.thetruthaboutcars.com/iowa-senator-chuck-grassley-be-like-lee/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 16:29:10 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=151201</guid>
		<description><![CDATA[Dear Mr. Mulally, Mr. Wagoner and Mr. Nardelli:
I understand that your company has been lobbying the Department of Treasury and congressional leaders for additional financial assistance via loans or through inclusion in the Troubled Asset Relief Program. While I understand the economic turmoil that many American businesses face today, I think it’s appropriate to ask [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/iowa-senator-chuck-grassley-be-like-lee/feed/</wfw:commentRss>
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		<title>Chrysler Pays Out $30m in Exec Bonuses</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-182-chrysler-pays-30m-exec-bonuses/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-182-chrysler-pays-30m-exec-bonuses/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 14:46:46 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=150932</guid>
		<description><![CDATA[Editor&#8217;s note: Comments on this story have been temporarily disabled. No, not our story. The Detroit Free Press article revealing that &#8220;Chrysler is in the awkward position of paying about $30 million in retention bonuses to keep top executives while the company cuts thousands of jobs.&#8221; Yeah, don&#8217;t you hate it when that happens? The [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-182-chrysler-pays-30m-exec-bonuses/feed/</wfw:commentRss>
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		<title>Bailout Watch 181: Republicans Ready to Torpedo GM Bailout. Or Not.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-181-republicans-torpedo-gm-bailout/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-181-republicans-torpedo-gm-bailout/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 00:18:26 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=150302</guid>
		<description><![CDATA[&#8220;A leading Democrat, Senate Banking Chairman Christopher Dodd of Connecticut, said he knows of no Republicans who would vote for a $25 billion auto rescue package. He added he was &#8216;not inclined&#8217; to move a bill without bipartisan support, pointing out that prominent Republicans have publicly opposed the measure.&#8221; And there you have it, via [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-181-republicans-torpedo-gm-bailout/feed/</wfw:commentRss>
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		<title>Bailout Watch 180: Wall Street Waiting For &#8220;Urgent&#8221; GM Bailout</title>
		<link>http://www.thetruthaboutcars.com/wall-street-waiting-watching-for-necessary-gm-bailout/</link>
		<comments>http://www.thetruthaboutcars.com/wall-street-waiting-watching-for-necessary-gm-bailout/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 18:08:22 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Chapter 11]]></category>

		<category><![CDATA[High Finance]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149732</guid>
		<description><![CDATA[In a new report covered by Automotive News [sub], Goldman Sachs says GM will end the year with $12.5 billion in cash, and will need at least $22b in government money to survive. Goldman is suspending GM&#8217;s rating, putting the automaker on a &#8220;wait-and-see&#8221; basis until further bailout details emerge. Meanwhile, JP Morgan cut its [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/wall-street-waiting-watching-for-necessary-gm-bailout/feed/</wfw:commentRss>
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		<title>Bailout Watch 179: Finally, An Honest Governor</title>
		<link>http://www.thetruthaboutcars.com/finally-an-honest-governor/</link>
		<comments>http://www.thetruthaboutcars.com/finally-an-honest-governor/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 17:13:56 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149631</guid>
		<description><![CDATA[While Michigan Governer Jennifer Granholm spreads hysteria and misinformation in aid of her state&#8217;s struggling automakers, Indiana Governer Mitch Daniels is taking far more honest position on the the proposed bailout. “Let’s give Congress a chance, but there’s nothing in recent history that suggests they have an answer for this,” Daniels tells the Indianapolis Star. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/finally-an-honest-governor/feed/</wfw:commentRss>
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		<title>Bailout Watch 178: CNBC Credibility Meltdown</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-178-cnbc-credibility-meldown/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-178-cnbc-credibility-meldown/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 17:04:27 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149601</guid>
		<description><![CDATA[I like Phil LeBeau. Sweetheart of a guy. He talks to TTAC&#8217;s Ken Elias on a regular basis. But I&#8217;m not so convinced about Mssr. LeBeau&#8217;s journalistic cojones. In the first post-GM quarterly statement TV interview with Rick Wagoner, LeBeau asked GM CEO&#8217;s the tough question: is there any point at which you say fuck [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-178-cnbc-credibility-meldown/feed/</wfw:commentRss>
		</item>
		<item>
		<title>GM Deathwatch, German Edition: Cui Bono?</title>
		<link>http://www.thetruthaboutcars.com/gm-deathwatch-german-edition-cui-bono/</link>
		<comments>http://www.thetruthaboutcars.com/gm-deathwatch-german-edition-cui-bono/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 16:35:47 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Europe]]></category>

		<category><![CDATA[Germany]]></category>

		<category><![CDATA[Industry]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149421</guid>
		<description><![CDATA[Germany’s industry rag Automobilwoche [sub] is running an interesting ballot. “Who do you think would profit the most if GM goes bust?” (or German words to that effect). The options are kind of odd. Only Ford, Renault/Nissan, Toyota, and Volkswagen are eligible. But keep in mind, Automobilwoche is a German rag. They could have asked [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-deathwatch-german-edition-cui-bono/feed/</wfw:commentRss>
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		<title>Bailout Watch 177: Big Mo Grows for GM C11</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-177-big-mo-grows-for-gm-c11/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-177-big-mo-grows-for-gm-c11/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 15:16:05 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149292</guid>
		<description><![CDATA[Today&#8217;s New York Times&#8217; story on GM&#8217;s travails begins by highlighting the bailout bullet train&#8211; and then switches track. &#8220;Momentum is building in Washington for a rescue package for the auto industry to head off a possible bankruptcy filing by General Motors, which is rapidly running low on cash. But not everyone agrees that a [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-177-big-mo-grows-for-gm-c11/feed/</wfw:commentRss>
		</item>
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		<title>Bailout Watch 176: Tuesday, Nov. 18th</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-176-tuesday-nov-18th/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-176-tuesday-nov-18th/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 13:15:02 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=149002</guid>
		<description><![CDATA[That&#8217;s the day that House Financial Services Committee Chairman Barney Frank, D-Mass, will introduce legislation that will change the rules on the previously approved $700b financial rescue package so that America&#8217;s ailing automakers can stick their snouts into the federal trough. Yes, that Barney Frank; the same congressman whose oversight of Fannie Mae and Freddie [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-176-tuesday-nov-18th/feed/</wfw:commentRss>
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		<title>Bailout Watch 175: Freep Loves Them Some Bailout</title>
		<link>http://www.thetruthaboutcars.com/freep-how-could-i-heart-a-bailout-let-me-count-the-ways/</link>
		<comments>http://www.thetruthaboutcars.com/freep-how-could-i-heart-a-bailout-let-me-count-the-ways/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 22:09:25 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=148581</guid>
		<description><![CDATA[
Watch CBS Videos Online
As commentators from all across the spectrum ditch their pom-poms and start to face facts, The Detroit Free Press is keeping it surreal by dedicating its nearly all of its ink budget to the cause of federal investments in the American auto industry. In fact, there&#8217;s so much bailout boosterism, it&#8217;s hard [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/freep-how-could-i-heart-a-bailout-let-me-count-the-ways/feed/</wfw:commentRss>
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		<title>Bailout Watch 174: Left and Right Agree: No Blank Check For Detroit</title>
		<link>http://www.thetruthaboutcars.com/the-ideological-spectrum-agrees-no-blank-check-for-detroit/</link>
		<comments>http://www.thetruthaboutcars.com/the-ideological-spectrum-agrees-no-blank-check-for-detroit/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 20:43:27 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[PR]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=148081</guid>
		<description><![CDATA[It&#8217;s something of a long-running joke among local editorial writers that everyone cribs from either the New York Times or the Wall Street Journal&#8217;s editorial boards. The two papers tend to lead opinion on either side of the spectrum, with the mainstream left taking its cues from the Grey Lady and free-market business types following [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/the-ideological-spectrum-agrees-no-blank-check-for-detroit/feed/</wfw:commentRss>
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		<title>Bailout Watch 173: GM&#8217;s Talking Points for Dealers re: &#8220;Potential Federal Assistance for the Auto Industry&#8221;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-117-gms-talking-points-for-dealers-re-potential-federal-assistance-for-the-auto-industry/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-117-gms-talking-points-for-dealers-re-potential-federal-assistance-for-the-auto-industry/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 20:20:16 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=148382</guid>
		<description><![CDATA[•    The U.S. auto industry has been hard hit by the credit crisis.
o    Carmakers can’t get credit to complete their restructurings and put new advanced technology vehicles into production.
o    Customers can’t get credit for new cars and other purchases, and consumer confidence has fallen to an all-time low.
o    Suppliers are losing business and can’t get [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-117-gms-talking-points-for-dealers-re-potential-federal-assistance-for-the-auto-industry/feed/</wfw:commentRss>
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		<title>Bailout Watch 172: GM Marketing Maven Launches Legislative Crusade</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-116-gm-marketing-maven-launches-legislative-crusade/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-116-gm-marketing-maven-launches-legislative-crusade/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 20:12:42 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=148352</guid>
		<description><![CDATA[Dear GM Dealer:
Earlier today, during a GM Dealer IDL broadcast, I provided you with a GM Business update and significant information about the vital role the U.S. automotive industry plays in the health of the country in terms of employment, annual economic output, exports, R&#38;D investment and retail business.  As we’re in the midst [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-116-gm-marketing-maven-launches-legislative-crusade/feed/</wfw:commentRss>
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		<title>Bailout Watch 171: Obama Eyes Georgetown Egghead for U.S. Car Czar</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-171-obama-eyes-georgetown-egghead-for-us-car-czar/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-171-obama-eyes-georgetown-egghead-for-us-car-czar/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 18:15:37 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=147982</guid>
		<description><![CDATA[Automotive News [sub] reports that Georgetown University law professor Daniel Tarullo may be president-elect Barack Obama&#8217;s choice for U.S. Car Czar&#8211; should such a thing be deemed nceessary. You may remember Tarullo as a world-renowned expert in the design, manufacturer and marketing of automobiles worker bee for the Antitrust Division of the Justice Department. No? [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-171-obama-eyes-georgetown-egghead-for-us-car-czar/feed/</wfw:commentRss>
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		<title>Bailout Watch 170: When Bush And Obama Meet In The Middle&#8230;</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-170-when-bush-and-obama-meet-in-the-middle/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-170-when-bush-and-obama-meet-in-the-middle/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 17:17:03 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Overseas]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=147702</guid>
		<description><![CDATA[When we reported on the Bush-Obama meeting yesterday, we told you that the meeting was &#8220;friendly,&#8221; but ultimately unproductive. Well, we were right about half of that, and no prizes for guessing which half. The New York Times cited unidentified sources in its coverage as saying that Bush was ready to support accelerated support for [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-170-when-bush-and-obama-meet-in-the-middle/feed/</wfw:commentRss>
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		<title>Bailout Watch 169: Sec. Paulson Changes the Game</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-169-sec-paulson-changes-the-game/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-169-sec-paulson-changes-the-game/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 16:55:06 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=147712</guid>
		<description><![CDATA[Treasury Secretary Henry Paulson has announced that the $700b government rescue program will not be used to purchase troubled assets as originally planned. Just like that. I swear. MSNBC reports that turnabout is fair play. &#8220;The administration decided that using billions of dollars to buy troubled assets of financial institutions at the current time was [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-169-sec-paulson-changes-the-game/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 168: Obama Considers Hiring A (Not The) Car Czar</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-168-obama-considers-a-not-the-car-czar/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-168-obama-considers-a-not-the-car-czar/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 01:20:41 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=146792</guid>
		<description><![CDATA[Let&#8217;s get one thing straight: Bob Lutz is the Car Czar. The GM Veep&#8217;s claim on the title is as absolute as his inability to revamp GM&#8217;s product lineup to avoid bankruptcy. TTAC&#8217;s respect for Maximum Bob is such that we created the Bob Lutz Award, given to the automotive executive who&#8217;s made the most [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-168-obama-considers-a-not-the-car-czar/feed/</wfw:commentRss>
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		<title>Bailout Watch 166: Germany to GM: “Up Yours”</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-165-germany-to-gm-%e2%80%9cup-yours%e2%80%9d/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-165-germany-to-gm-%e2%80%9cup-yours%e2%80%9d/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 19:25:25 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[Germany]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=146521</guid>
		<description><![CDATA[“Gotta ask for the bail – I mean sale, ha-ha,” Red-Ink Rick Wagoner told his man in Germany. That would be Hans H. Demant, VP Developent of GM Europe and Managing Director of Opel Germany. Wagoner instructed Demant to ask the German government for €40b, or make that a cool $50b. “What should happen, Hans? [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-165-germany-to-gm-%e2%80%9cup-yours%e2%80%9d/feed/</wfw:commentRss>
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		<title>Bailout Watch 164: The Obamadämmerung</title>
		<link>http://www.thetruthaboutcars.com/the-obamadammerung/</link>
		<comments>http://www.thetruthaboutcars.com/the-obamadammerung/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 18:24:09 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=146132</guid>
		<description><![CDATA[With Gullinkambi crowing the end of time and fate for a once-proud industry, the heroes of Detroit and DC are gathering to fight the future. But one hero is turning a deaf ear to the sounding of the Gjallarhorn&#8230; at least until his fate drags him inexorably back to the fray. Bloomberg reports that today&#8217;s [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/the-obamadammerung/feed/</wfw:commentRss>
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		<item>
		<title>Bailout Watch 163: Chrysler Refuses to Reveal DOE Loan Application</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-163-chrysler-refuses-to-reveal-doe-loan-application/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-163-chrysler-refuses-to-reveal-doe-loan-application/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 15:06:30 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=145772</guid>
		<description><![CDATA[Buried in this morning&#8217;s Detroit News article on White House support (maybe) for additional bailout bucks for Detroit: news that Chrysler has filed an application with the Department of Energy (DOE) to secure a share of the $25b federal no to low-interest retooling loan program. Showing the reportorial sympathies for which his paper is justifiably [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-163-chrysler-refuses-to-reveal-doe-loan-application/feed/</wfw:commentRss>
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		<title>Bailout Watch 162: White House Cautiously Opportunistic</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-162-white-house-cautiously-opportunistic/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-162-white-house-cautiously-opportunistic/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 14:45:33 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=145741</guid>
		<description><![CDATA[Whether you agree with the Iraq War II or not, whether you view America&#8217;s military presence in country as a burgeoning success or an endless quagmire, the Bush administration has created what we&#8217;ll call an &#8220;ongoing situation.&#8221; The question now facing George W: does he want to be the president who initiated direct(ish) federal participation [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-162-white-house-cautiously-opportunistic/feed/</wfw:commentRss>
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		<title>Bailout Watch 161: Off the Rails and Off the Hook. Or Not.</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-161-off-the-rails-and-off-the-hook-or-not/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-161-off-the-rails-and-off-the-hook-or-not/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 13:58:26 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=145671</guid>
		<description><![CDATA[Detroit News columnist Daniel Howes is just coming around to the idea that Detroit&#8217;s automakers are about to collapse, bringing about the reckoning that any open-minded journalist could (and did) see twenty years ago. And Danny&#8217;s pissed. At us. &#8220;It&#8217;s easy, sitting behind a keyboard, to type, &#8216;no one&#8217;s too big to fail&#8217; or &#8216;let [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-161-off-the-rails-and-off-the-hook-or-not/feed/</wfw:commentRss>
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		<title>Bailout Watch 160: Won&#8217;t Be Motley Fooled Again</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-160-wont-be-motley-fooled-again/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-160-wont-be-motley-fooled-again/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 03:19:32 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
		
		<category><![CDATA[Bailout Watch]]></category>

		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=145411</guid>
		<description><![CDATA[The Motley Fool says satellite radio is too big too fail. Kidding! But point taken. &#8220;In reality, there&#8217;s no good reason for the government to step in and save  satellite radio. It&#8217;s a terrible business that&#8217;s done nothing but pile up losses  and disappoint shareholders. It can&#8217;t compete with the Internet, podcasts, or [...]]]></description>
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