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 Marco Rubio’s concession speech tonight did not get full air time on CNN, but they showed the most important part. Listen to Senator Rubio humbly explain his loss: “I’m disappointed with tonight. I want you to understand, I want you to understand something. Our disappointment tonight is not on you, it’s on me. I did not do well on | Read More »
Share on Facebook 1 1 SHARES Sadly, it appears that New Hampshire may have muddied the GOP field, rather than clarifying it. Even though Kasich and Jeb do not have obvious paths forward to the nomination, they are going to convince themselves that they do, at least through Super Tuesday – and they will probably find donors who will indulge that belief. Somewhere, Donald Trump | Read More »
Share on Facebook 1 1 SHARES The GOP Establishment is bound to be looking at New Hampshire, a state where they perform well, seeing Donald Trump coming away with a major and distant first place, and weeping to themselves that their party has gone so terribly awry. There are a couple of things I’d like to say to them, but in the interest of keeping | Read More »
Share on Facebook 1 1 SHARES Well this will be … interesting. Sure. Let’s use that word. It should be interesting. This is a live feed from the Trump HQ where you’ll be able to watch. It is dropping in and out a bit but will hopefully be solid once the speech begins. That’s the live feed. Of the headquarters for Donald Trump. Who people | Read More »