Robert Heller Quotes


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He had already decided to save General Motors which was much larger and more critical to the national economy. The normal capitalistic broken down and there were no private firms that were willing to invest, control and continue the companies at any price. There were 1 million immediate jobs at stake with GM plus the collapse of the American Auto Industry including dealers and suppliers. With Chrysler, there were only 300,000 immediate jobs at stake. Ironically, one of the major reasons for trying to save both companies was the fact that Summers team had discovered that the companies were very badly managed. If the bailout could be leveraged to force radical management change and reform, the chances of success would have been much greater than if the companies had been well managed but were still losing money rapidly. The policy decision was brilliantly successful. The reformed auto companies quickly became profitable, and the taxpayer loans were paid back early with interest to and profits to the taxpayers. All those jobs and an iconic American industry not only were preserved but became very profitable and strong and in the final analysis, it did not cost the taxpayers even one dollar. Ford was in less trouble, but if the other two companies failed, the Ford suppliers would mostly fail, and Ford also would have gone down.


The President’s (William Howard Taft’s) wife was a college graduate and an ardent feminist who had played an active part in her husband’s affairs both as an advisor, and reviewer of speeches and other drafts as well as a public role {638463} especially in the Philippines where she was loved and admired by the populace and the elites. Shortly after her husband assumed the presidency, she had a very serious and debilitating stroke and never again served as a political advisor and confidant. There are many who correlate this with Taft’s presidency which was not very successful compared to his brilliant success at every other public position. The Tafts—unusual for the time—had always worked closely as a team, and then that ended, Taft’s public performance suffered.


Robert Heller
Robert Heller
  • Born:
  • Nationality: American
  • Profession: Magician

Robert Heller, also Joseph Heller, (born William Henry Palmer; 1826–1878) was an English magician, mentalist, and musician. The year of his birth is the subject of some speculation; some sources list it as 1829 while others claim 1830.