Government Integrity Project

Soros Should Stop Making 'Nazi' Accusation

On Sunday, billionaire George Soros seemed to accuse Fox News Channel of Nazi tactics. In an interview with Fareed Zakaria on CNN, Soros said:

BP Oil Spill Commission Chief Counsel Blames BP Instead of Entire Industry

Deepwater HorizonOn Thursday, Fred Bartlit, Chief Counsel of the BP Oil Spill Commission, issued a report in which he put blame squarely on BP for the disaster, including a failure to adequately supervise its Halliburton and Transocean subcontractors.

The seven-member Commission, appointed by President Obama before the well had even been capped, issued its "final" report on January 11. Although it cited many of the same BP-specific problems detailed by Bartlit, it implicated the entire oil and gas exploration and production industry, and called for "systemic reforms."

Bailed-Out GM Gives $10 Million for MLK Monument

money flowGeneral Motors has been very benevolent since receiving $50 billion of taxpayer funds less than two years ago. GM, the GM Foundation and Chevrolet are donating more than $10 million towards the building of a Martin Luther King, Jr. monument in Washington, DC. Following is a list of just some of GM and GM Foundation recent giveaways.

  • $40 million for "clean energy projects."
  • $4.5 million for college scholarship programs to benefit students; criteria list includes being female, being a minority or being a military member.
  • $27.1 million to United Way for restructuring of Detroit schools.

Why is Bailed-Out GM Paying Out Bonuses?

autoworkerGeneral Motors will pay its factory workers bonuses of $4,000 each. AP reports that more than $189 million will be paid to UAW workers in addition to salaried workers (management and engineers) bonuses of up to 50% of pay. It is interesting to read the decidedly negative view of GM's actions in comments that are submitted by readers at the end of the AP article. It remains a "tale of two cities", however, when it comes to media coverage (particularly from television journalists) with many commentators refusing to acknowledge the public outrage as GM spends millions of dollars on bonuses while taxpayers and GM bondholders continue to have their rights subordinated to the politically powerful UAW.

Why Won't Rep. Meeks Talk About Vegas Trip?

Meeks photoRep. Gregory Meeks (D-NY) held what looks like a fundraiser in Las Vegas but he reported no donations from the event. Talk about a bad bet. According to Isabel Vincent and Melissa Klein in today's New York Post:

Meeks purported to hold a fund-raiser in Sin City for his Build America Political Action Committee, but his office refused to say when it took place or who attended. The financial disclosures for the Queens Democrat were similarly vague.

The latest disclosure for the PAC -- covering Nov. 23 to Dec. 31, 2010 -- shows the group spent $8,063 at the posh Aria resort in Las Vegas for "catering, site rental and lodging."

Hal Rogers Spares LSC; Is GOP Serious About Spending Cuts?

Hal Rogers photoIn the budget cuts announced today by House Appropriations Chairman Hal Rogers, the Legal Services Corporation (LSC) is slated for a token $75 million reduction. This is a genuine outrage. LSC should have been zeroed out completely.

In a statement today titled "CR Spending Cuts Go Deep," Rogers says, "Make no mistake, these cuts are not low hanging fruit." This is nonsense. Defunding the politicized and scandal-ridden LSC should have been easy. If the Republican Congress can't even cut off LSC, how will it ever make the tough choices necessary to reduce the deficit?

Was GM/UAW Behind Toyota Bashing?

One year after federal prosecutors opened a criminal investigation into Toyota's unintended acceleration safety issues, a ten month investigation came to the conclusion that there were no electronic flaws that led to accidents involving Toyota vehicles. The causes were attributed to driver error and sticky accelerator pedals and floor mats. These were the exact causes that Toyota pointed to when congressional leaders decided to attack the automaker at a time when General Motors was struggling to regain sales after exiting its bankruptcy.

Obama's Chamber Speech a Tangle of Contradictions

In a speech today to the Chamber of Commerce, Barack Obama called for a reduction in corporate tax rates and simplification of the tax code, but he then pitched alternative energy, which is based wholly on tax breaks and subsidies. He said spending must be reduced and then again plugged the boondoggle of high-speed rail, which only benefits politically-connected contractors and unions, and bond traders. He said he favored free trade and then claimed that inventing something here and manufacturing it abroad "breaks the social compact."

GM's Taxpayer-Funded Ad Spending Spree

General Motors is certainly finding ways to spend the $50 billion taxpayer infusion they received less than two years ago. Anyone watching the Super Bowl witnessed a heavy GM presence with ads running pre-game, game time, post-game and even during a special Chevy sponsored Glee episode afterwards. The Chevy logo was predominately displayed, sometimes taking up nearly half of the TV screen, during the post game show that featured GM benevolently giving a new Chevy Camaro to Super Bowl MVP, Aaron Rodgers. Rodgers made about $9 million in 2010, but I'm sure he still appreciates the nice car that taxpayers helped pay for.

Is Dan Akerson Driving GM Off a Cliff?

Akerson photoAs Karl Marx once said, history repeats itself, first as tragedy, second as farce. In last year's epic auto chronicle, Crash Course: The American Automobile Industry's Road from Glory to Disaster, author Paul Ingrassia wrote about the catastrophic decline of the American automobile industry in the seventies:

Just as General Motors was led by financial people, Honda would always be led by engineers... Put another way, the bean counters ran GM, while the car guys ran Honda. It would make a crucial difference between Honda's success and GM's failure.

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