Way to go, General Motors! You’ve staked your survival on electric cars, hybrid cars, and high-mileage cars – apparently reading tea leaves and thinking that was what Obama and Congressional Democrats wanted. Instead, it turns out Barack Obama thinks you did it all wrong. Even more surprising, it’s GM’s high-tech, environmentally-friendly, crown jewel car of the future that was your biggest mistake. The Chevrolet Volt | Read More »
The Wall Street Journal reports that the Obama administration is prepared to recommend billions in new ‘loans’ to America’s automakers, as long as they meet certain requirements. But once you get past that headline, something very disturbing becomes apparent: Obama’s task force never really considered a bailout on the merits, but concerned itself only with how to structure it. The decision to pour tens of | Read More »
We at Red State have pointed out several times that while Chris Dodd agreed to insert an amendment into the stimulus bill to protect AIG bonuses, he was not in position to do so. Chris Dodd was not a Member of the conference committee that drafted the final version of the bill – the only one that had protection for AIG. The Democrats on the | Read More »
When the House passed the Obama-Reid-Pelosi debt spending plan – and the carveout for AIG bonuses – Democrats allowed a scant few hours for review of the 1,000 page bill before the vote. Some honest Members of Congress admitted they had not read the bill. Nevada’s Dina Titus however, claimed to have done so: House Democrats voted on the ‘stimulus’ bill just a few hours | Read More »
Today Treasury Secretary Geithner gave an interview to CNN in an attempt to head off further inquiries into the Democrats’ handling of the AIG mess. What he admits is stunning: Velshi: One of the issues CNN and other news organizations have reported since late January, that AIG was going to pay about $450 million to about 400 employees of the AIG financial productions unit, which | Read More »
I don’t think that Jim DeMint necessarily has Barack Obama’s political fortunes in mind when he advises him to fire Tim Geithner, but it’s good advice anyway. In Washington D.C., it’s not hard to predict what usually happens to a politician in Geithner’s place. Several Republicans have called for him to resign; more will. The press will begin to ask many Democrats what they think. | Read More »
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