“New” GM – Sorry America, no help with your defective “Old” GM Cars
We first learned that when the Obama White House organized and implemented its special restructuring plan for GM and Chrysler, it failed to set aside money to pay wrongful …
Tag: GM
Collective Bargaining and Public Employee Unions
In light of all the recent discussions about collective bargaining and public employee unions, I would like to spend a little time discussing the affects of collective bargaining, and...
Carnival of Crony Capitalism
There is a huge difference between a government that is "business-friendly" and a government that is "market-friendly." The Obama Administration resides squarely in the former category. First from American …
WSJ: Cash for Clunkers “One of Washington’s all-time dumb ideas”
Regular readers of this blog have been well-versed in the numerous failures of the Cash for Clunkers program. But the Wall Street Journal went straight for the government jugular …
No “money back guarantee” for taxpayers – we’re stuck with the GM bailout tab
The TARP Congressional Oversight Panel announced Tuesday that "New GM" will have to achieve "highly optimistic" market performance if the Federal government is to have even a chance of …
Obama Auto Strategy Is To Level The Playing Field
Now that the GM bankruptcy is on its way to becoming an afterthought it's time to ponder what will happen to the domestic auto manufacturing industry. As Kim noted …
Hoveround Users of The World, Unite!
I doubt that General Motors executives ever, in their wildest dreams, imagined that one day their chief competitor might be The Scooter Store: General Motors Corp. is teaming with...
Pay for Performance Act of 2009
March 31, 2009
Barack Obama, Business, Congress, Democrats, Economics, House of Representatives, Politicians, Politics
8 Comments
House Financial Services Chairman Barney Frank is taking his TARP mandate and the Obama Corporate Management Strategy to the next logical step by proposing legislation that would heavily regulate …
Obama to Wagoner : Drop Dead
Yesterday, Kim blogged about GM's announcement of the immediate resignation of its CEO, Rick Wagoner. Apparently this was at the behest of the Obama White House, as part of …
Do the worst car companies really make the worst cars?
The Truth About Cars has just published their 2008 10 Worst Autos list. 9 out of those 10 cars are made by GM or Chrysler, and the VW Routan …