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10/08/2013 - 11:40

A consumer survey taken last week on behalf of the National Legal and Policy Center confirms that public disapproval of the auto bailout continues to dog General Motors, and is likely hurting pickup truck sales, a highly profitable segment of its line.

When 500 consumers in Texas were asked, "Would your decision to buy a specific brand of truck be influenced by whether that company received financial assistance from the federal government?," 40.08% answered "absolutely."  Another 11.75% responded "very likely," and 10.60% responded "likely." Thus, more than 60% said that the bailout would have some influence on their decision.

Only 23.89% responded "not too likely."

613 reads
10/07/2013 - 09:13

One of the most disappointing aspects of last week's sales results from General Motors was the underperformance of the much-hyped new truck offerings from the company. While the industry-leading Ford F-Series saw sales increase about 10 percent to around 60,500 vehicles for the month, GM's combined sales for its competing Chevy Silverado and GMC Sierra fell approximately 8 percent to about 46,000 units.

2,980 reads
10/04/2013 - 11:22

book coverAll too often, maintaining an enterprise, especially a new one, depends on knowing the right people in government from whom to acquire favors. Such an arrangement has come to be known as "cronyism." And it justifiably has its critics. Among them are Randall Holcombe and Andrea Castillo, authors of a brief, but potent and timely new book, "Liberalism and Cronyism: Two Rival Political and Economic Systems," published by the Mercatus Center, a think tank affiliated with George Mason University. Holcombe, a Florida State University economics professor, and Castillo, a Mercatus associate, view cronyism as the antithesis of liberalism.

2,689 reads
10/04/2013 - 08:41

Tesla fireA fire (screen capture from Jalopnik.com) that torched a Model S from the formerly Teflon Tesla Motors on Tuesday blackened its front end, lowered its stock price, and (further) revealed a corporate arrogance not seen since Fisker Karmas were alight.

But CEO Elon Musk saw to it that taxpayers were fully paid back their $465 million Department of Energy loan, so as watchdogs over the public purse we can forget all about it and just go on about our business – right?

3,207 reads
10/03/2013 - 09:20

enhanced oil recovery

On the heels of the UN Intergovernmental Panel on Climate Change’s official position that human-generated carbon dioxide is “extremely likely” the “dominant” cause of warming since the mid-20th Century, the Environmental Protection Agency’s simultaneously proposed rule to limit such emissions from fossil-fueled power plants is contradictory.

2,748 reads
10/02/2013 - 11:30

DurbinSenator Richard Durbin (D-IL) deserves credit for engaging Senator Ted Cruz (R-TX) during the Cruz's recent marathon speech critical of ObamaCare. The only problem is he misrepresented key facts about his now-deceased daughter's heart condition, and her ability to receive coverage under health insurance plans.

Moreover, he did not mention that the hospital that treated his daughter Christine was the recipient of huge earmarks of taxpayer money that he arranged. One can assume that Christine was treated as a Very Important Patient. With the full implementation of ObamaCare, will political connections become increasingly important to getting expensive medical treatments, which will not be available to everybody?

As Charles Johnson in the Daily Caller writes:

2,308 reads
10/02/2013 - 10:35

Akerson and VoltGeneral Motors reported unimpressive sales results for the month of September as sales fell 11%. Core division, Chevrolet, performed the worst with sales down almost 15% year over year. Within that division, sales for the much-hyped Chevy Volt could not even be propped up with its recent $5,000 price cut as results declined to a measly 1,766 units (less than one per dealership) in September. That is a decline of over 38% year over year and just over half of what sold in the previous month.

3,423 reads
10/01/2013 - 10:48

Ten days ago the Environmental Protection Agency issued its proposed rule for the implementation of regulations of carbon dioxide on utilities’ coal-fired power plants. Last week revealed news that there is no reason for costly government-imposed limits on such emissions, as the global warming they were supposed to cause has been absent for 15 years.

That didn’t stop the UN Intergovernmental Panel on Climate Change from issuing yet another alarm on Friday, ahead of its official report yesterday, that said increased carbon dioxide caused by people is negatively affecting the earth’s climate.

1,956 reads
09/26/2013 - 12:39

Obama discussing U.S.-Mexico partnershipA foreign power, in theory, has no authority to dictate another nation's domestic policy. But don't remind the National Labor Relations Board. Late in July the NLRB and Mexico's Foreign Ministry signed a letter of cooperative agreement to promote the rights of Mexican workers on U.S. soil, regardless of their legal status. The pact commits the board to work with Mexican consulates in notifying that country's workers in the U.S. of their rights and to investigate employer violations of labor law against their workers here.

2,314 reads
09/26/2013 - 11:43

Denver free treesNLPC has reported regularly on several of the large-ticket boondoggles that have received taxpayer support via President Obama’s “green” stimulus initiatives, but for every Fisker, Nissan Leaf or Ecotality, there are thousands of smaller, equally unworthy beneficiaries that deserve public scorn.

Government watchdogs – both “professional” and amateur – can scour the Recovery.gov Web site and find the waste pretty easily. But KCNC-TV reporter Brian Maass had the stimulus program come to his doorstep. Denver had launched a program, paid for out of the federal American Recovery and Reinvestment Act, to plant about 4,000 trees at private residences (photo courtesy KCNC) – many in high-priced neighborhoods that didn’t need the free shade.

2,378 reads
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