UAW To Run Pro-Bailout Ads

Funny how these people that warn that if you don’t bail them out ASAP they’ll collapse, always seem to have money to burn while begging for our money. The United Autoworkers will run pro-bailout ads in multiple states in an attempt to guilt Americans into saving the industry for the umpteenth time. He also said the [...]

Continue reading...

Obama: Remember that Whole Windfall Profits Tax Thing? Nevermind

Back in June of this year, Barack Obama promised to punish oil companies by taxing their windfall profit in order to “help” families pay their energy bills. He said at the time: I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their [...]

Continue reading...

How Nice: GM, Ford to Ditch Private Luxury Jets

After what will surely go down as one of the worst public relations disasters in American history, automakers General Motors and Ford say that they will ditch the private luxury jets for their executives. They’ll now apparently drive from Detroit to beg the American people to bail them out. Ford and General Motors will sell their [...]

Continue reading...

Auto Sales Plummet….Again

Car companies in both the United States and the global community are reporting a significant drop in sales again last month. According to Barry Ritholtz, here are the numbers starting with the Big Three currently begging for bailouts: Ford: Down 30.6% Chrysler: Down 47% GM: Down: Down 41% Toyoto: Down 33.9% Volvo: Down 46.5% Tata Motors (Indian): Down 30% Honda: Down 31.6% No [...]

Continue reading...

WSJ: UAW Warning Its Officials of GM Bankruptcy by Christmas

If there’s no bailout from the government, of course. Sounds like classic tactics to scare Congress (and the American people) into bailing out the companies quickly to me. Amazing how this news just happens to get leaked to the press. Top leaders of the United Auto Workers union are telling some of its officials that General [...]

Continue reading...

Schwarzenegger Declares “Fiscal Emergency”, Calls Lawmakers Into Session

How many times has California experienced “fiscal emergencies” now? It seems like it’s in dire straits everytime we turn around. Maybe those ridiculous budgets and massive deficits aren’t good for the state’s finances, huh? Anyway, Governor Arnold Schwarzenegger has declared the state is in a “fiscal emergency” and has called its legislators into a special session [...]

Continue reading...