Friday, 3 of September of 2010

Category » Auto Bailout

Government Motors Introduces “The Volt”

Question: What happens when government owned GM and privately owned Nissan both design an electric car?

Answer: This happens…

The long-anticipated Chevrolet Volt, General Motors’ electric car, will cost $41,000, the company announced Tuesday, leaving consumers to decide whether its environmental appeal is worth a price far above that of similarly sized conventional autos.

Electric-car technology has been around for years, but the high cost to make the vehicles has prevented automakers from producing them for the mass market. The price announcements for the Volt and its electric rival, the Nissan Leaf, have been highly anticipated as a result. Nissan, the only other major manufacturer expected to bring such a vehicle to market this year, said the Leaf will cost $32,780.

The Volt can travel 40 miles on its battery charge and an additional 340 miles on a gasoline-powered generator. The all-electric Leaf has a range of 100 miles.

  • Share/Bookmark

GM Bailouts Repaid With Bailouts

How did General Motors repay it’s bailout?

Nick Gillespie of Reason explains:

  • Share/Bookmark

If You Want to Know What ObamaCare Will be Like, Look no Further Than the “Cash for Clunkers” Program

used carsThe government’s “Cash for Clunkers” program is out of money and a bureaucratic nightmare. Our brilliant leaders in Washington, DC have acknowledged as much and they’re canceling the program.

It was launched ONE. WEEK. AGO.

“The Obama administration is telling lawmakers that its much-touted “cash-for-clunkers” program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions.”

“The program — aimed at giving at boost to the U.S. auto industry — was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.”

Are these really the people you want in charge of the American healthcare system?

What is greater in number, people or cars?

Which is harder to repair, a Chevy or a human heart?

And while we’re on the subject, how are things going over at Government Motors? Not so great…

“Ford Motor Co. posted a profit for its second quarter, while General Motors reported a drop in sales for the same period.”

Shocker. Are you aware that Ford didn’t get a government bailout?

I’d give Cash for Clunkers and ObamaCare an F but perhaps the more fitting grade is E.

As in “empty.”

  • Share/Bookmark

VIDEO: Welcome to the Government’s Auto Garage!

Courtesy of Reason:

Do you think government run healthcare will be any different?

  • Share/Bookmark

Man Who Never Ran Anything, Now In Charge Of Everything

hewon21

Doesn’t the title of this post sound like something the Onion would write? Sadly, it’s real life. Consider this piece from the Politico titled Obama, the Nation’s CEO:

“President Obama, with seven days of unprecedented market intervention capped by Monday’s ultimatum to U.S. automakers, has made one thing emphatically clear: He is the most powerful player in American business today.”

“Obama’s move to oust the CEO of GM and put Detroit on notice that he is prepared to let icons of American industry fail if they refuse to bend to his will was a calculated attempt to send a message, said an official often consulted by the administration. And that message was unmistakable: In any business-government partnership, Obama himself expects to play the dominant role.”

Bear in mind that President Obama has absolutely ZERO executive experience. Obama has never run a business, non-profit, town, city, state, department, shoe store, self-storage facility, etc.

And yet, the majority of congress and the American media are perfectly comfortable with Obama running the American car business and the American banking business.

What’s next? Will the Obama administration run TV and newspapers?

Will they run the internet?

Every piece of the private sector that gets absorbed by the government equals a proportionate loss of liberty for the American people.

Today is April Fool’s day.

Too bad we can’t say this is all just a prank.

  • Share/Bookmark

Monica Conyers is Further Proof That Detroit Should be Allowed to FAIL

Forget the useless American car companies that can’t create a competitive product.

Forget the property values that are dropping to the point where you can buy a house with a credit card.

How about leadership that is nothing short of stinking racism? Yeah, you heard me right, racism.

Monica Conyers, the president of the Detroit City Council and wife of US Rep. John Conyers ( A Democrat – as if you had to ask) is a racist. Let me put that in bold type for you….

Monica Conyers is a RACIST.

mc

Ever wondered what it might be like to attend a meeting of the Detroit City Council?

Here you go:

“A pitiful Teamster official who practically crawled to the table on his knees expressing profuse respect for this disrespectful body was battered by both the crowd and the council.

When he dared suggest that an improved Cobo Center would create more good-paying jobs for union workers, Conyers reminded him, “Those workers look like you; they don’t look like me.”

Desperate, he invoked President Barack Obama’s message of unity and was angrily warned, “Don’t you say his name here.”

Juxtapose the place and the faces and imagine a white Livonia City Council treating a black union representative with such overt racial hostility. The Justice Department would swoop down like a hawk, and the Rev. Al Sharpton would clog Five Mile Road with protesters.”

Paging the ACLU…. Oh wait. What am I thinking?

Somebody get Eric Holder on the phone quick. There are some racist cowards he should speak to in Michigan.

  • Share/Bookmark

Chrysler Wants 3 Billion MORE…

According to a report in the Detroit News.

“Chrysler is the only one among Detroit’s Big Three automakers seeking immediate additional aid. General Motors Corp. said it had no plans to seek more aid beyond the $13.4 billion the U.S. Treasury Department is loaning it from the $700 billion Wall Street rescue fund, known as the Troubled Asset Relief Program, or TARP.”

The 13.4 billion they’ve already received is chump change. They simply can’t make it work without another 3 billion.

Who could blame them for asking though. Everybody wants some….


  • Share/Bookmark