Obama likes to talk up the crisis when it fits his political agenda while at the same time trying to trump up the many benefits of his stimulus package.  He recently talked about 150,000 jobs that the stimulus has created or saved.  Never mind that more than a 1,000,000 jobs have been lost since he [...]

Battery-powered cars are the rage at this year’s Auto Show in Detroit and everyone knows why.  A government bailout has a lot to do with it, but quite simply, these electric cars are supposed to save the world from catastrophic global warming. 
Meanwhile, outside the convention center in Detroit, today it was -12 degrees.  That is [...]

The three Detroit automakers are going to appear before Congress again with revised plans on how to turn around their companies.  It has been well documented that their cost structures are so much higher than foreign auto makers because of management’s dealings with the UAW. 
It has been reported that the UAW has made certain concessions [...]

A lot has already been written about the potential bailout of the Big 3 auto manufacturers.  I just wanted to reiterate something.  We hear the numbers being thrown around that 3 million jobs will be lost or that 1 out of every 10 jobs in the U.S. is linked to the auto industry.

I very much doubt [...]

Mitt Romney wrote an op-ed, published yesterday, calling for the government to “Let Detroit Go Bankrupt.”  He brings up some very good points and I wanted to bring them to your attention.  He is not advocating thousands losing their jobs.  He is calling for Detroit to finally receive its wake-up call and restructure itself as [...]

Today Senator Harry Reid of Nevada introduced legislation to give Ford, GM, and Chrysler government loans totalling $25 billion at interest rates starting at 5%.  The only requirement… Executives making more than $250,000 a year must not receive bonuses.   The money will come out of the $700 billion TARP funds.  Also included in the bill is an extension of [...]