Asian Conservatives

Here’s why the government shouldn’t be entrusted to run any programs. Remember the digital TV transition debacle? Now we have the cash for clunkers debacle, only six days into effect: “Cash for Clunkers” came to a screeching halt Thursday, after only six days on the road. In a shocker, the government announced it would suspend the [...]

According to the NYT, it’s 31-year-old Brian Deese that’s handling the break up of General Motors, turning it into “Government Motors.” And how is he qualified? Let’s just say he can compete with President Obama for who has the thinner resume. From the NYT piece: …Brian Deese, a not-quite graduate of Yale Law School who [...]

It’s now been dubbed “Dealergate” — Chrysler’s closing of dealerships seem to have a twist of political lime in it. Did Obama’s Auto Task Force target Republican donors in deciding these closings? Blogger Doug Ross has some statistical insight into the whole matter: All other factors being equal, what are the odds that RLJ’s dealerships [...]

President Obama’s Auto Industry Task Force is fighting off accusations of bullying the Chrysler shareholders and creditors into accepting the government’s bankruptcy plan. In the center of the storm is Steve Rattner, the task force’s leader with close ties to the Democratic Party. According to Thomas Lauria, the bankruptcy attorney representing the hedge funds and [...]

Say hello to PUMA, the Personal Urban Mobility and Accessibility project from General Motors with the help of Segway. Obama doesn’t think the G.M. Volt could save the company, so he “kindly” asks for a replacement project, and it’s going to be PUMA. Oh yes, that’s what happens when the government runs an auto company. [...]

There is a troubling trend in the relationship between American companies and the American government since Obama took office. Companies are failing, but also failing to enter bankruptcy, a norm in a healthy capitalist society. Rather, the federal government prefers to provide loans and inject capital into them, in turn prolonging the suffering of the [...]

Only people in the Left Coast can come up with such insanity. Official state government study here. I propose doing more: force automakers to use reflective paint for all Californian automobiles. That’ll save the planet (even though it’ll destroy people’s eyesight). Share and Enjoy:

The Detroit News exposes: Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models. Add the Treasury Department’s special adviser to the task force and the total jumps to three. The Detroit News [...]

Rose Ann DeMoro of the Huffington Post comes out swinging at the Senate Republicans, specifically their leader Mitch McConnell, in the matter of helping the auto industry. Funny title for an article: The Mitch Who Stole Christmas — just in time for the holidays. Too bad she lacks the holiday spirit, calling Sen. McConnell “mean-spirited,” [...]

President Bush, soon to leave office amid lowest approval ratings, seems to be unconcerned about leaving a bad taste in taxpayers’ mouths and is ignoring signals sent from his party members in Congress. Why else would he approve a $17 billion rescue package for G.M. and Chrysler when the Senate killed its version of bailout? [...]

In the high stakes game of “Who blinks first?” it looks like President Bush lost to the UAW. The biggest losers are taxpayers, naturally. The White House will authorize a $17.4 billion bailout for G.M. and Chrysler LLC which should last them through February 2009. If the automakers cannot show they’re worth saving by March [...]

A few moderate Democrats joined forces with Republican senators to kill the $14 billion bailout bill after the UAW refused to cede wage and benefits to match those of foreign carmakers like Toyota and Honda. But now it seems the White House may step in to help Big Auto with TARP funds. However, fingers are [...]

Detroit’s Big Auto is back to Washington to present plans in order to convince Congress they are worthy of a $25 billion loan. Ford CEO Alan Mulally is even willing to work for $1 per year if the company gets the government money. My question is, Why isn’t he paid $1 already when the company has [...]

Wow, even the Democrats are giving Big Auto a hard time! The CEOs have appeared before Congressmen to beg for a bailout loan to no avail. Then today the Democrats voted to oust John Dingell (D-Mich.) from chairmanship of the powerful House Committee on Energy and Commerce, replaced by Representative Henry Waxman (D-Calif.). Dingell was [...]

General Motors CEO Rick Wagoner is now begging the public for support of the bailout package for Big Auto. On cost-cutting he presents these facts: …we have been streamlining our U.S. operations while simultaneously improving quality and productivity. Since 2000, we have reduced our U.S. hourly workforce by 52%, from 133,000 to 64,000, through buyouts [...]