As if the auto industry didn’t have enough problems already, the Obama administration is planning to up the fuel economy requirements on cars to 35.5 mpg. I can’t even begin to comprehend the logic in this move. In one breath, Obama is touting government involvement to save the dying US auto industry and in the [...]
Continue Reading...For those of you who thought bailing out the auto industry (or anything for that matter) was a good idea, take a look at this. “General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares [...]
Continue Reading...In the past few days, news of the first flight of a “flying car” has been splashed all over the headlines. Am I the only one to find this news laughable? When you first read the headline, images of the Jetsons pop in your head and you think “I will have a flying car in [...]
Continue Reading...It’s amazing how efficient the government can be in wasting money and expanding their control into areas they know nothing about. Today, the all knowing One issued new rules on the already ailing auto industry in the name of being “green” and reducing our dependence on foreign oil. This is all well and good, but [...]
Continue Reading...It’s official. The auto industry has gotten a 17.4 billion (with a “B”) dollar bailout… and that is just for a start to hold them over until the new administration and congress gets in office. As our Ford Explorer starts to fall apart conveniently as the warranty expires and the dealer admits the extended warranty [...]
Continue Reading...I’ve always felt funny about the use “czar” in US politics. The word is rooted in ancient Rome when the emperors took Julius’ name to signify their stature. The name was reused in the form of tsar (czar) in Russia to denote their emperors. So needless to say a name used to signify imperial rule [...]
Continue Reading...It looks like the US automaker bigwigs learn fast that you don’t show up for the welfare line in an Armani suit. It’s a shame that they don’t learn how to run automobile companies so fast. It seems almost days ago that they few into Washington in their private jets with tin cans extended, begging [...]
Continue Reading...In the latest episode of the national bailout comedy act, the big three auto maker executives flew to Washington in private jets to beg for our government’s bailout money. Wagoner, whose flight reportedly cost $20,000 round-trip — about 70 times more than a commercial airline ticket — told Congress he expected about $10-$12 billion from [...]
Continue Reading...So who would really be the target of an auto industry bailout? GM, Ford, and Chrysler? I think the real target would be the United Auto Workers union. Now I am normally all for saving jobs, but let’s consider that the big three pay approximately 12,000 people not to work as part of the UAW’s [...]
Continue Reading...Ever since the government bailed out the banks, it seems that Washington has installed a “Bailout Line Forms Here” sign in Washington. Within days of passing the banking bailout, there was already talk of the auto industry wanting their share too. The question now is, who really needs a bailout? Or better yet, who should [...]
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