GM’s Hypocritical Embrace of Free Enterprise

sushiThe US Chamber of Commerce’s “On the Road with Free Enterprise” tour has quietly entered its second month. The main story currently on the “Free Enterprise” website is a piece titled “First Ever Sushi Tech Combats Fish Fraud.” The fact that General Motors is hypocritically co-sponsoring a free enterprise tour might bring to mind the words fishy and fraud as well.

“Beneath the deep purple cuts of healthy tuna and the smell of fresh wasabi, there lies a sushi underbelly in America that will make your stomach turn,” reads the first line of the all-important “fish fraud” story. Likewise, GM’s anti-free enterprise bailout process exhibited an underbelly of political cronyism that turned the stomach of those (like GM bondholders and Delphi non-union retirees) who saw there rights subordinated to the politically-favored UAW.

Merriam-Webster Dictionary defines free enterprise as: “freedom of private business to organize and operate … Read More ➡

Obama Brings Little Hope to Africa With Clean Energy Agenda

Obama GhanaPresident Obama’s trip to Africa revealed how despicable his “green” agenda, couched in the excuse of “climate change,” truly is.

It’s one thing to hamstring the U.S. economy – one of the strongest and resilient in the world – with the ridiculous, self-inflicted insistence that we not use all the energy resources at our disposal, all to save us from the phantom crisis of global warming. While temperatures haven’t risen for 15 years and there’s actually been cooling since 2002, the president and his alarmist minions have designed failed scheme after failed scheme in the name of solving a problem that doesn’t exist.

But now Obama is bringing his “green” folly to the Third World. During his Africa travels he shared widely his naïve outlook, and his ignorant analysis of energy’s crucial function within it, to people groups who could greatly improve their condition with cheap … Read More ➡

Shallow Analysis Deems DOE Electric Vehicle Loans a Success

A popular automotive Web site’s attempt to set the record straight on the degree of success and failure of the Department of Energy’s Advanced Technology Vehicles Manufacturing loan program was well-intentioned, but missed the mark on several points and overall gave the initiative far too much credit.

Jalopnik.com contributor Patrick George was pointed in the right direction when he characterized DOE’s boastful Loan Program Office as “rosy,” but more accurate descriptors would be “excessive” and “unrealistic.” It’s clear his analysis was one of an automotive enthusiast and reviewer, rather than someone who regularly watchdogs government with a skeptic’s eye and knows how bureaucrats fudge and exaggerate numbers to claim credit for their politician bosses. As NLPC has reported often, DOE – before a taxpayer-backed bank check was ever issued to an electric automaker – has made absolutely unbelievable claims about jobs, fuel savings and carbon dioxide emission reductions that were … Read More ➡

Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive

Frito Lay Electric TruckDespite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles is showing little evidence it can inspire demand for its commercial trucks, like its plug-in car counterparts.

Smith’s selling point for its step vans was that, unlike electric automobiles, delivery routes in urban areas did not require a long range between refueling (or, recharging). Frequent stops and short distances alleviated the “range anxiety” that accompanies cars like the Nissan Leaf. Frito-Lay, Coca-Cola and Staples were cited as early adopters of the truck demonstration project, which was launched with the help of $32 million in taxpayer funds.

Alas, it’s not helping. Once holding the lofty expectations of the IPO last September, the company is now quietly noting it raised $8.6 million in “bridge” funding. CEO Bryan Hansel said that the … Read More ➡

Fuel Regulations Throw Md., Va. Carnival Cruise Jobs Overboard

Carnival Cruise LinerThe Environmental Protection Agency acts as if every new burdensome demand makes a huge difference for the health and wellbeing of humans, in addition to claims that its costly, excessive regulations upon private business are actual net job creators.

The data and facts easily debunk the agency’s junk science and alien economics, but unfortunately reality has failed to penetrate the Twilight Zone-ish bubble where EPA resides. So color the Beltway enviro-crats shocked every time a private sector industry decides it won’t play ball any more and cuts jobs and moves productivity elsewhere.

The latest corporate example of “I’ve had enough” is Carnival Cruise Lines (Flickr photo courtesy Lisa Andres), which announced last week it would end service from the harbors of Baltimore and Norfolk, Va., due to government requirements that its ships burn low-sulfur fuel within 200 nautical miles of the U.S. coast (with even stricter standards coming … Read More ➡

Bailed-Out GM Sponsors Chamber of Commerce’s Free Enterprise Tour; NLPC Launches FauxEnterprise.com

Faux EnterpriseThe National Legal and Policy Center (NLPC) announced today the launch of FauxEnterprise.com, a satirical mimic of the U.S. Chamber of Commerce’s Free Enterprise website at www.freeenterprise.com/tour.

The Free Enterprise site chronicles the “Free Enterprise Tour,” which would be a welcome undertaking if not for the sponsorship of bailed-out General Motors. According to NLPC President Peter Flaherty, “I don’t know who looks worse, the Chamber for not appreciating that the GM sponsorship looks silly to many people, or GM for acting like it’s a competitive company operating in a real marketplace.”

Flaherty said, “The auto bailout was not about preserving free enterprise, or even saving jobs. It was about bolstering the political power of the United Auto Workers (UAW). Today’s GM is not a capitalist success story but instead is an example of state-directed crony capitalism.”

“There has been no GM comeback. The U.S. Treasury still owns a significant … Read More ➡

Party Time for Corporations Who Love the Regulatory Favoritism Game

Obama InvescoPresident Obama’s speech last week that re-emphasized his commitment to reduce US carbon dioxide emissions brought dismay to those who appreciate affordable energy, but it sparked a celebration among corporate types who have long sought caps and taxes on CO2.

While it was still more words from the president, which don’t always match his actions, on CO2 limitation he has largely kept his promise to environmentalists. Critics slammed his plan to bypass Congress and to task the Environmental Protection Agency to curb emissions via executive order, but EPA has operated out of bounds since he was inaugurated in 2009 – especially with the “war against coal” that is now universally accepted as true.

“What has us most encouraged by the president’s speech is he is lacing up his gloves and getting ready for that fight,” said Michael Brune, executive director for the Sierra Club, in an interview … Read More ➡

Obama’s Words on Carbon Dioxide, Drilling Contradict His Actions

enhanced oil recoveryIn his much-hyped speech Tuesday, President Obama promised executive action – including greater regulations on the coal industry and approval of the Keystone Pipeline only if its “net effect on our climate” is not significant – to reduce the emissions of carbon dioxide that he alleges is the cause of global warming. He also called for the elimination of tax breaks for “big oil.”

“We can’t drill our way out of the energy and climate challenges that we face,” he said at Georgetown University.

If he really believes that, then why has his administration authorized billions of dollars in new projects to capture carbon dioxide (photo courtesy American Oil and Gas Reporter) and use it for “enhanced oil recovery?”

Take, for instance, the stimulus-funded “W. A. Parish Post Combustion CO2 Capture and Sequestration” project in Texas, in which the Department of Energy awarded $163 million to NRG Energy (and has … Read More ➡

The Many Costs of Obama’s Electric Car Folly

Obama/Volt photoIt appears that there is no end in sight to the Obama Administration’s costly quest to electrify America’s auto fleet, despite the recent flurry of reports that continue to confirm that the benefits of electric vehicles (EVs) are practically nonexistent in comparison to the costs. One of these reports even came from Obama’s own NHTSA (National Highway Traffic Safety Administration) panel which downplayed the importance of EVs and claimed that electric cars will only need to account for between one and three percent of car manufacturer’s product portfolios by 2025 for lofty government EPA requirements to be met.

The Autoguide.com article on the NHTSA panel findings states, “Despite those findings, the government has willingly shoveled millions of dollars at manufacturers and consumers in a ploy to popularize electric cars.” I would whole-heartedly agree with that, except it has been “billions” of dollars shoveled, not “millions.” And money is not all … Read More ➡

Sen. Menendez Took Married Girlfriend on Junket to Puerto Rico; Stayed at Taxpayer-Supported Governor’s House

Menendez/Reynolds photoNew Jersey Senator Robert Menendez and a married New Jersey woman named Cecelia Reynolds traveled to Puerto Rico in 2007, where they were guests at the Governor’s beach house, owned by the Commonwealth of Puerto Rico.

Photographic evidence appears to place them both at the beach house, and on the nearby beach, which is private and closed to the public.

It is not known how they traveled to Puerto Rico. In January, Menendez said he reimbursed $58,500 to Salomon Melgen, his largest political donor, for two private jet trips to the Caribbean, a substantial portion of his net worth. At the time Menendez said that there were no other trips.

As reported in the New York Post today:

The trip came at a time when the senator was trying to thwart the appointment of Rosa Emilia Rodriguez-Velez as the US attorney for Puerto Rico. He placed a “senatorial hold,” or

Read More ➡
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