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From the category archives:

auto industry bailout

How Obama Saved Chrysler

June 2, 2011

I was reading a New York Times article about how Chrysler was repaying it's bailout loans six years early. This prompted the Democratic National Committee (DNC) to praise the Great And Powerful President Oz-bama for saving the Chrysler car company against the wishes of the evil Republican flying monkeys. Presumably, the flying monkeys wanted to [...]

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Meet The Chevy Volt

August 17, 2010

The latest "great success" of the Obama administration is the newly announced Chevy Volt, a plug-in electric/gasoline hybrid automobile from General Motors (a subsidiary of ObamaCorp). The Obama Volt has all the luxurious amenties of a Honda Civic, but at twice the price. Retailing at $41,000, the Volt is sure to be a big hit [...]

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Obama's Union Payoffs

September 1, 2009

"We spent a fortune to elect Barack Obama" – Andy Stern, President of the Service Employees International Union (SEIU). "I owe these unions." – Barack Obama Obama hasn't forgotten he owes the unions, who were instrumental in getting him elected President. In his first two weeks in office, Obama issued three pro-union executive orders. In [...]

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The New American Economic Model

June 7, 2009

In the last nine months, we have learned a great deal about how "free market" economics in America really works. With all the bailouts of financial institutions (TARP), automobile companies (TARP), and federal/state/local governments (Stimulus package), it has become clear that our economic model is – profits are privatized (paid to investors), and losses are [...]

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New Eco-Car Model For 2012

May 2, 2009

Be the coolest dude or dudette on your block by owning this new environmentally friendly auto from GM (Government Motors) ! Yes We Can !

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Auto Industry Running On Empty

March 31, 2009

Let me be clear: "The United States government has no interest or intention of running GM." – President Barack Obama And then Obama forced GM CEO Rick Wagoner to resign, told Chrysler it has to merge with Fiat or go into bankruptcy, and told GM it better restructure or it will go into bankruptcy too. [...]

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The Politics Of TARP Funds

March 24, 2009

Congress gets very upset when TARP bailout money goes to corporate employee bonuses, corporate jet rides, and corporate golf tournaments. What Congress doesn't get so very upset about is when TARP bailout money goes to Congress, in the form of campaign contributions. In recent filings with the Federal Election Commission, the political action committee for [...]

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Should We Bail Out The Big Three Automakers ?

November 18, 2008

Let's start by using some numbers to illustrate what GM, Ford, and Chrysler mean to the American economy, American workers, and American retirees. This comes from a pro-bailout column written by Pat Buchanan: When workers, execs, engineers, dealers, salesmen and suppliers are all factored in, the Big Three employ 3 million people who contribute $21 [...]

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