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Posts Tagged ‘General Motors’

ATLANTA— Check out these poll numbers.  I dubbed the Gitmo decision as one of Barack Obama’s worst in the first 100 days of his presidency, and the poll numbers are starting to show that I am not alone.  Check the numbers out in the quoted text below.

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ATLANTA— Barack Obama is operating on borrowed time in my view.  His approval ratings appear robust at the moment, yet again and again he makes decisions that put him outside the American mainstream. The latest is the government takeover of General Motors. How much longer until this trend comes back to bite him? 

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ATLANTA— Larry Kudlow hits the nail on the head with respect to the General Motors bailout in the opinion piece below.  Most interesting to me though is the frank assessment of Dick Cheney of this entire bailout craze.  Mr. Kudlow quotes Mr. Cheney as calling the bailouts of last fall and those of the Obama Administration [...]

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ATLANTA— Barack Obama may well have mangled the bond markets, through his dealings with Chrysler and now General Motors.  The opinion piece below provides a wonderful analysis of the unintended consequences of federal interventionism in the automotive industry.   Obamaists would be wise to heed the warnings here.

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[Barack Obama] says: “If the Japanese can design (an) affordable, well-designed hybrid, then, doggone it, the American people should be able to do the same.” Yes they can — if the American manufacturer can do what Toyota does with the Prius: Sell its hybrid without significant, if any, profit and sustain this practice, as Toyota [...]

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ATLANTA— With each passing day in the automotive industry debacle, I grow angrier and angrier.    I just read the article below about how General Motors’ restructuring plan involves the government taking a majority stake in the company.  What a complete disaster.  While this may not go through as outlined, I still could not be more [...]

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ATLANTA— Pundits and politicians have been talking ad naseum in the past few months about the pros and cons of bailing out General Motors and Chrysler, both of which are on the verge of collapse and are demanding $10s of billions to stay afloat.  I remain fundamentally opposed to the idea of such a bailout, [...]

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