Obama Orders GM and MOPAR Out Of NASCAR
In a stunning move, the Obama White House announced today that GM and Chrysler must end their involvement in NASCAR stock car racing at the end of this season to remain eligible to receive additional financial aid from the government.
Leveling the playing field?
With the plight of the Big Three Automakers front and center in the news for the past few months, much has been made about the so called “leveling” of the playing field for American automakers. In this case, “leveling” the playing field, means imposing tariffs and trade restrictions on foreign automakers commensurate with those imposed on American automakers in overseas markets. Imposing import quotas and | Read More »
Today’s Headlines — Dec. 19, 2008
http://www.washingtontimes.com/news/2008/dec/19/bush-announce-auto-restructuring-plan/ Bush spells out the auto restructuring plan — http://www.washingtontimes.com/news/2008/dec/19/fbi-agents-paid-overtime-for-cocktail-parties-audi/ FBI agents paid overtime for cocktail parties Audit shows estimated $6.4 million in improper payments — http://www.washingtontimes.com/news/2008/dec/19/obama-will-create-iran-outreach-position/ EXCLUSIVE: Obama to create Iran outreach post — http://www.washingtontimes.com/news/2008/dec/19/obama-nominees-clinton-vilsack-under-scrutiny/ Financial ties of Clinton, Vilsack scrutinized Donors, subsidies get reviews —- http://www.washingtontimes.com/news/2008/dec/19/a-senate-test-for-high-celebrity/ PRUDEN: A Senate test for high celebrity — http://www.washingtontimes.com/news/2008/dec/19/weyrich-cast-a-long-shadow-as-conservative-movemen/ ANALYSIS: Weyrich cast long shadow in conservatism —- | Read More »
Today’s Headlines — Dec. 3, 2008
http://www.washingtontimes.com/news/2008/dec/03/obama-sees-strength-in-states/ Obama hijacks GOP language on key issues http://www.washingtontimes.com/news/2008/dec/03/allies-bolster-bailout-blitz-for-big-three/ Allies launch bailout blitz for Big Three CEOs to seek billions more from Congress http://www.washingtontimes.com/news/2008/dec/03/auditors-fault-oversight-of-bank-bailout-funds/ Auditors fault oversight of bank bailout funds http://www.washingtontimes.com/news/2008/dec/03/autoworkers-sense-end-of-era/ Autoworkers sense end of era http://www.washingtontimes.com/news/2008/dec/03/new-low-mortgage-rates-out-of-reach/ New low mortgage rates out of reach Many owners not qualified http://www.washingtontimes.com/news/2008/dec/03/clinton-challenged-in-key-cabinet-role/ Lawsuit: Clinton can’t serve as Sec. of State Group cites ineligibility clause http://www.washingtontimes.com/news/2008/dec/03/political-exile-fears-wrath-of-kazakh-leader/ Political exiles | Read More »
At What Price A Domestic Auto Industry?
This week, Congress returns to the question of what to do with the domestic auto industry, Detroit’s humbled Big Three. And the options range from awful to unthinkable. Yesterday we got a reading of auto sales in November. The story was extremely bad. Continuing the trend from October, sales were down anywhere from a third to a half, across all the manufacturers who sell in | Read More »
Bend Over America, Here it Comes
Ok. Let’s face it. Special interests are going to RULE in Congress with Nancy Pelosi and Harry Reid. Two weeks ago the automakers, facing public opposition to a $25 billion bail out went home on their private jets with their tails between their legs to come up with a plan to save America’s unionized auto production companies. Congress, not willing to take the heat, needed | Read More »
Observations from the Cheap Seats
Clinton Re-dux – Apparently, “change” is a six-letter word for “Clinton.” Who’da thunk? Know the name John Maynard Keynes? You will learn it soon enough. Obama’s current recipe for the economy — the largest Keynesian infusion of government spending in history. Balanced budget in 4 years? Hah!! GOP senators are vertabrates after all!! We need a domestic car industry, but unconditional handouts are ill-advised and | Read More »
Today’s Headlines — Nov. 12, 2008
http://www.washingtontimes.com/news/2008/nov/12/obama-team-to-descend-on-federal-agencies/ Obama bans lobbyists from transition http://www.washingtontimes.com/news/2008/nov/12/pelosi-seeks-bill-to-rescue-automakers/ Pelosi seeks bill to rescue automakers http://www.washingtontimes.com/news/2008/nov/12/allies-rush-cash-to-debilitated-murtha/ Allies rush cash to debilitated Murtha http://www.washingtontimes.com/news/2008/nov/12/mission-honors-homeless-veterans/ Mission honors homeless veterans http://washingtontimes.com/news/2008/nov/12/bishops-warn-obama-about-abortion-issue/ Bishops warn Obama about abortion issue http://www.washingtontimes.com/news/2008/nov/12/liberals-line-up-for-leadership-of-key-committees/ Liberals line up for leadership of key committees http://www.washingtontimes.com/news/2008/nov/12/the-home-cooking-revival/ The home-cooking revival/ Downturn drives Americans back to the kitchen Maria Stainer Assistant Managing Editor Continuous News Desk The Washington Times http://www.washingtontimes.com
The Big Three Pass the Plate
Representatives of the UAW, Ford, Chrysler and GM met today with Speaker Pelosi to outline their interest in a big new pot of taxpayer money: Lawmakers jump-started a $25 billion direct loan program for automakers as part of the continuing resolution (PL 110-329) signed into law by President Bush earlier this fall. It remains unclear, however, when those funds will begin to flow, a situation | Read More »
Bear, AIG and just guess who’s next…
With a tip of the hat to Michelle Malkin, from our friends at the Associated Press…
Unions, Government Websites, Labor, GM, and O’Malleynomics
Let’s start with a recent kerfluffle in Maryland’s liberal blogosphere, which FSP’s been all over. Basically, the left was in a tiff because the state had an “anti-union website” that highlighted that Maryland has a “very favorable labor climate” and goes into detail about why Maryland is (allegedly) a good state for labor relations for businesses in Maryland. The left got in a lather, emails | Read More »