GM: A Bad Investment
It’s been nearly four years since General Motors (GM) declared bankruptcy and was bailed out by American taxpayers. So what has $50 billion bought us? Working Mother magazine recently released their list of the dozen “Best Companies for Hourly Workers” for 2013. Among those listed was GM who, in their own press release, described the honor as “recognition of employers that have the best policies | Read More »
Will the UAW’s King talk about Obama’s discrimination of Delphi retirees & another GM bankruptcy at #DNC2012?
A word of advice: If you happen to be watching the DNC convention tonight, don’t hold your breath in anticipation of honesty during the United Auto Workers’ top union boss Bob King’s speech. You’ll waste your time if you’re expecting an honest discussion about how the Obama Administration was ‘fair’ to the workers during Barack Obama’s taxpayer-funded bailout of General Motors and Chrysler. The UAW’s | Read More »
Paul Ryan’s Horrible Janesville ‘Lie’: Accurately Quoting the President and Recounting Actual Events
Several of the statements made in Vice Presidential nominee Paul Ryan’s RNC address Wednesday night have triggered strong reactions from the Obama campaign and its surrogates throughout the media. One of the biggest points of contention is Ryan’s anecdote about a GM plant in his hometown of
Jaynestown Janesville, Wisconsin, which closed just months after being visited by then-candidate Barack Obama.
Obama campaign manager Jim Messina responded to the story by accusing Ryan of “dishonestly attack[ing] Barack Obama for the closing of a GM plant in his hometown of Janesville, Wisconsin — a plant that closed in December 2008 under George W. Bush,” while some journalists and media “fact-checkers” have written their own context into Ryan’s remarks in order to claim them false.
Let’s look at exactly what Obama said, what Ryan said, and then at what happened.
Read More »
Is GM’s “Success” Fueled by Subprime Loans?
In his struggles to find something positive about his time as President (that doesn’t have to do with Osama bin Laden), and to justify the massive bailout of the auto companies that happened under his watch, President Obama has begun touting GM’s supposed turnaround as a success for his administration. However, there’s more to the story than what he wants to tell us. At least | Read More »
Tech at Night: All AT&T/T-Mobile, All the Time
Competition, growth, and innovation are all important for the American wireless Internet market. We need more, better, and cheaper service if we’re going to move in large numbers to wireless Internet, as some are predicting. This means competition and growth in the 4G sector is vital to our future economic health. And that, in a nutshell, is why I think it’s essential that the government | Read More »
, Barack Obama
, Department of Justice
, Eric Holder
, green jobs
, industrial policy
, john yarmuth
, Sprint Nextel
GM thanks taxpayers for forced bailout.
I would have let you collapse, GM. So there’s no need to thank me for your government seizure. My no doubt naive belief in basic capitalism precludes me from fully appreciating said thanks; or, indeed, appreciating them at all. How much of MY tax money went into making this self-congratulatory paean to Italian-style fascism, by the way? Whatever it was, it was too much. Moe | Read More »
The UAW: The Curse that Just Keeps on Giving
The company formally known as General Motors (informally known as Government Motors) is preparing for an initial public stock offering (IPO). However, it appears the attractiveness of the “new” GM continues to be scarred by an old curse, the United Auto Workers. While many Americans have already sworn off the buying of GM-made vehicles, investing in General Motors, alongside the United Auto Workers may be | Read More »
Distracted Driving Restrictions Gone Wild
The federal government is considering measures to pressure states to ban hands-free cell phone use by drivers. This is an over reaction to the problem of distracted driving. Bloomberg reports that officials of the U.S. Department of Transportation are working on a plan to ban all cell phone use by drivers of cars, including hands-free technology. U.S. Transportation Secretary Ray LaHood says he believes motorists are distracted | Read More »
Tech at Night: Net Neutrality, FreedomWorks, Christian Coalition, RIAA, Copyright, Cybersecurity, Intel, McAfee
Good evening RedStaters. I spent all weekend battling a monster cold, so I’m still a bit thrown off, and so didn’t even try to get tonight’s installment of Tech at Night in before midnight Eastern. In fact it’ll be a reach to get this done before midnight Pacific, but such is life. RedState diarist ladyimpactohio (follow her on Twitter at @ladyimpactohio) already scored one big | Read More »
Tags: Barack Obama
, Christian coalition
, Dick Armey
, Free Press
, General Motors
, glenn reynolds
, Gun Owners of America
, Net Neutrality
, Recording Industry Association of America
, Save the Internet
SIGTARP auto report out.
The short version? Having the government do your restructuring for you isn’t necessarily the brightest thing in the world. Particularly when there’s a variety of conflicting objectives. At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »