Chevy Volt Electric Range Drops to 20 Miles in Cold

Volt in snowA recent study by fleetcarma.com unveils yet another drawback of General Motors’ much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates.

Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama’s favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at the expense of taxpayers also should be aware of the fact that the Volt needed to burn gas at conditions of under 25 degrees, further negating the supposed green benefits of the car.

The Volt’s range improved to an average of 40 to 45 miles at temperatures of 65 to … Read More ➡

2013: Veils of Secrecy as More ‘Green’ Taxpayer Money Disappears

Money down the drainLast year at this time NLPC reviewed 2012 as “The Year of Taxpayer ‘Green’ Waste,” and that description applied to 2013 as well. But additional trends of government opaqueness and inattention to safety and security – often related to stimulus-funded programs and their corporate beneficiaries – were also revealed.

EPA, Dept. of Energy Secretive About Communications

As President Obama began his second term, watchdogs of the administration’s environmental (EPA, Dept. of Interior) and energy (Department of Energy) cabinet spaces discovered that officials maintained secret email accounts to conduct government business out of public view. Chris Horner of the Competitive Enterprise Institute uncovered a fake identity maintained by EPA Administrator Lisa Jackson while researching his book The Liberal War on Transparency. The effort to access her messages and those of other officials has been protracted.

EPA began producing records in January from Jackson’s “Richard Windsor” email account … Read More ➡

Rhode Island Public-Sector Unions Lock Horns with State Treasurer over Pensions

gina-raimondoAmong unions, the term “pension reform” is a red flag. In Rhode Island, labor officials are taking their opposition to a higher level. Early this month, a prominent researcher hired by the American Federation of State, County and Municipal Employees (AFSCME), Ted Siedle, filed a request with the Securities & Exchange Commission requesting an investigation of Rhode Island State Treasurer Gina Raimondo (in photo). Back in mid-October Siedle had released a report accusing her and her various associates in the financial industry of siphoning benefits. Not long after, Rhode Island State Senator and Laborers union official Frank Ciccone filed a similar request with the SEC. Yet in November he resigned from his union posts. That raises the question: Is the main issue Raimondo? Or is it the role of unions, and not just in Rhode Island, in driving public-sector pensions toward insolvency?

National Legal and Policy Center has described in … Read More ➡

Obamacare Pork to UAW Rolled Out Without a Glitch

Obama UAWWhile the Obama Administration is still pumping resources and taxpayer money into the implementation of Obamacare, the initial disbursement of pork included in the bill was successfully doled out almost a full two years ago. And the main recipient of taxpayer largess was, once again, the UAW.

The Obamacare pork came in the form of a program called the Early Retiree Reinsurance Program or ERRP. $5 billion of taxpayer money was allocated to help pay for healthcare costs to retirees between the age of 55 and 65. Number one on the union-dominated list of recipients was the UAW, which received $387.2 million for its VEBA fund, which was set up to pay UAW retiree health care costs. This amount was still not good enough for the UAW as they penned a letter to Congress in February of 2012 requesting an increase in ERRP funding to $10 billion.

General Motors … Read More ➡

More Fire, More Subsidies for Tesla in California

Elon MuskThere’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.”

This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters.

“The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire is a high resistance connection at the wall socket or the Universal Mobile Connector from the Tesla charging system” which was plugged into a 240-volt wall socket, the report said.

CEO Elon Musk (pictured with President Obama) and his PR mavens have been putting out image “fires” … Read More ➡

GM Spends $1.3 Billion to “Create or Retain” 1,000 Jobs

Just days after the US government announced their exit from General Motors, the company announced a move that sounds like it could have come directly out of the Obama Administration playbook. GM is boasting about “creating or retaining” roughly a thousand jobs at the cost of approximately $1.3 million per job in a move that could only be viewed as a positive from a political point of view.

The heavy spending to preserve union jobs did not go unrecognized by the Obama-friendly UAW. UAW Vice President Joe Ashton stated:

Today’s announcement is a win for American workers. The UAW is proud to be a part of this successful collaboration with GM that has helped rebuild the nation’s economy, created good paying, union jobs in communities across the country, and brought manufacturing that was moved overseas back to the U.S. This is further proof that collective bargaining works.

I would argue … Read More ➡

Dana Milbank’s Hack Journalism

MilbankYesterday, I confronted outgoing General Motors CEO Dan Akerson, the speaker at a National Press Club luncheon. At a press conference beforehand, and through the first question at the conclusion of his remarks, I requested that GM repay taxpayers the $10 billion in direct GM bailout costs.

Akerson’s refusal dominated much of the media coverage of the event. This was clearly not the story line that Akerson intended.  In short, we happily stepped all over his message that the bailout is a success and that GM is back.

The USA Today/Detroit Free Press story is headlined. “GM’s CEO rejects repaying Feds for bailout losses…” Drudge linked to it. The Associated Press story centers around Akerson’s reasons for not repaying the government. If the comments by readers at various newspapers are any indication, we touched a nerve.

Washington Post columnist Dana Milbank attended my press conference and penned a sneering critique Read More ➡

Adoption of New Bulbs Requires Big Subsidies and Killing Incandescents

Cree bulbThe full implementation of the incandescent light bulb ban takes effect in two weeks, which in the U.S. government’s anti-liberty wisdom will effectively eliminate the competition to companies like Cree, Inc., who one industry analyst has said is trying to do a “land grab” of the alternative lighting market.

Besides the illegalization of the Thomas Edison’s filamentous light, Cree last week received a $30 million tax credit from the Department of Energy to expand its manufacturing in Racine, Wisc. and Durham, N.C., where it is also headquartered. That was the second installment for Cree from the Advanced Energy Manufacturing Tax Credit Program, which was funded by $2.3 billion from the Recovery Act. The first windfall for Cree from the stimulus was a $39-million tax credit, as well as $1.8 million for research and development. This is in addition to millions of dollars in federal grants and contracts, … Read More ➡

Will Puerto Rican Bonds Trigger a Mainland Bailout?

Financial bailouts have become a fact of American life. Yet the biggest bailout of all may be in Puerto Rico, home of photogenic beaches, lush forests, chic nightclubs, and less happily, at least $70 billion in public debt, more than double the sum from 2004. The U.S. mainland is yoked to this debt. Well over 50 domestic municipal bond funds have at least 10 percent of their assets invested in Puerto Rico. Worse, the island economy is in a prolonged recession. Unemployment has been running at around 15 percent. A third of residents are on food stamps. And migration to our shores is accelerating. Puerto Ricans for nearly a century have been U.S. citizens. But full-fledged statehood – increasingly supported by island residents and both major political parties – could enable a bailout more than anything else.

The Commonwealth of Puerto Rico, with a land area of about 3,500 … Read More ➡

Sorry Dan Akerson, GM Bailout is Failure

I made these remarks today at the National Press Club in Washington, DC before the luncheon speech of outgoing General Motors CEO Dan Akerson:

President Obama justified the auto bailout by predicting it would make money for the taxpayer. With Treasury now selling its remaining shares, the direct loss is about $10 billion. So on its most fundamental level, the auto bailout is a failure.

But that $10 billion figure dramatically understates the true cost. There were separate multibillion dollar bailouts of Ally Financial, formerly know as GMAC, and Delphi and other suppliers. There was cash for clunkers, the government guarantee of warrantees, accelerated fleet purchases, etc., etc.

Treasury also allowed a novel application of the tax-loss carryforward provisions of the tax code during the GM bankruptcy, shielding $30-$40 billion in GM profits from taxation.

In addition to all these costs, the bailout probably ensures future bailout costs when GM … Read More ➡

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