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

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 …

Fisker Execs Kept Salaries While Employees, Taxpayers Got Taken

Fisker hearingThirteen of Fisker Automotive executives made more than six figures in the past year, despite manufacturing zero cars.

The news was first reported Wednesday afternoon on the automotive Web site Jalopnik.com, and later in the evening by the Delaware Journal. Jalopnik often gets the scoops when electric cars …

When Will General Motors Repay Taxpayers $10 Billion?; Bailed-Out Automaker Sits on Cash Hoard

pile of cashI will hold a press conference on Monday, December 16 at 11:00am to pose key questions to General Motors leadership, including whether and when the company will repay to taxpayers the $10 billion direct cost of the auto bailout.

News that the U.S. Treasury Department has sold its remaining financial …

Obama Administration OKs Bird Killing— As Long As Its by Windmill

Duke Energy turbineFriday’s announcement by the Obama administration that it will allow wind energy companies to kill certain bird species for 30 years without legal ramifications shows that its $1 million paltry fine of Duke Energy for avian slayings a week earlier was just for show.

Slamming the president for the application …

GM’s Balance Sheet Not as Healthy as it Looks

GM UAW logosOne of the major architects of the General Motors bankruptcy process, Harry Wilson, recently gave a very optimistic outlook for GM future share price. Mr. Wilson was a member of President Obama’s Auto Task Force, and was an instrumental player in seeing that UAW interests were put ahead of other …

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