GM and Chrysler are back for more money. Wow – now there’s a shock. The U.S. government turned on that spigot two months ago and it isn’t going to be turned off anytime soon. GM is looking for another $16 billion and Chrysler for another $2 billion. And, as sure as the day is blue, you can be certain that these amounts are not the last that will be spent by the U.S. taxpayer to prop up the UAW and the car companies. Based on early reports, these plans turned into the Treasury Department today are woefully inadequate to address the systemic difficulties within both companies and the burdens of the Health/Welfare and pension fund obligations imposed by union contracts.
I have consistently written that we need a domestic car industry, but I continue to advocate the notion of automaker bankruptcies, with a warranty clearinghouse established to back the warranty claims of prospective new car buyers. I do not buy the argument that bankruptcy is not a viable option for either GM or Chrysler.
Let me get this straight – as posited by Glenn Beck yesterday – at a time when our country is going into debt at a pace greater than $1 trillion per month and at a time when the Administration and its minions on Capitol Hill are chastising auto company CEOs for taking jets to Washington for meetings on the survival of the U.S. auto industry, the President of the United States felt compelled to hop on Air Force One, fueled with more than 10,000 gallons of jet fuel, and fly to Denver to sign a piece of paper. UNREAL!
Well, well, well – Rahmbo may have some tax issues – I know, I know the story about his rent-free living has been around for a couple weeks – but there is just something so sweet about officially acknowledging the media’s labeling it a potential tax problem. What is it with the people that serve or want to serve this Administration? I think the White House website should have on its Home Page a “Featured Tax Cheat of the Week.” At the rate they’re going – they’d have enough to work with for a couple years.
Kudos to Israeli Prime Minister-elect Netanyahu for calling upon the international community to step up and bolster Palestinian moderates by strengthening their security forces. In so doing, Prime Minister-elect Netanyahu demonstrates the strength of his convictions, the commitment he (yes, liberals, . . . Bibi Netanyahu) has to peace, and the confidence he has in his position and in Israel’s ability to deal with a stronger and more stable Palestinian leadership. In a strange way, like Reagan, Netanyahu is arguing that peace is possible through strength – even the enhanced strength of his adversary. Changed leadership in Israel bodes well for possibilities of peace.
Share on Facebook 1 1 SHARES After tonight’s stunning (or not so stunning) loss and Ted Cruz dropping out of the race, the question that I and others are being asked is will we unify behind the presumptive GOP nominee now that he is essentially inevitable? The answer is, of course not. #NeverTrump was not a fad. It was not an attempt to change a | Read More »
Share on Facebook 1 1 SHARES Donald Trump gave his victory speech after his big win in Indiana tonight, and it was actually fairly coherent up until the end, where he mentioned the War on Christmas, among other thing. It was actually a very leader-ly speech, in which he gave thanks, hit his high points, acknowledged Ted Cruz’s announcement from earlier tonight, and moved on. | Read More »
With the chairman of the Republican Party, Reince Priebus, swearing eternal loyalty before ZOD to ZOD (in the words of Jay Cost, I feel about the Republican Party the way Garrison felt about the Constitution. It is lost, and I will no longer have any part of it.
Share on Facebook 1 1 SHARES So I’m getting a lot of emails from people – some friendly, some hostile – asking “what’s next” for the #NeverTrump movement. Quite frankly, I’m puzzled at the question. I mean, the entire meaning of the phrase was intended to convey that we would never vote for Trump, at any time, for any reason. It’s rather unambiguous, the word | Read More »
Share on Facebook 1 1 SHARES Ted Cruz has finally thrown in the towel, announcing from Indiana that he is suspending his campaign. In an inspiring yet somber speech, Ted Cruz thanked all his supporters before dropping a dirty bomb on all of our lives. Watch the great orator one last time below: Will we rise to meet the challenges that face our nation on | Read More »