NLPC Associate Fellow Mark Modica was a guest Wednesday night on Fox Business Network’s Willis Report. Here’s a transcript:
Gerri Willis: Tonight growing concerns that many US manufacturing jobs are at stake. Take a look at this Romney campaign ad slamming President Obama.
Romney Ad: Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.
Gerri Willis: And the left came out swinging today claiming that the ad is inaccurate including Joe Biden who today called it quote flagrantly dishonest. But my next guest says Romney has it right. Here to explain is Mark Modica, Associate Fellow for the National Legal and Policy Center. Great to have you back Mark.
NLPC Associate Fellow Paul Chesser was a guest on Fox Business Network’s The Willis Report on October 24. Here’s a transcript:
Tracy Byrnes: All right. Well, it was not too long ago, President Obama blasted Wall Street fat cats and their shameful bonuses.
President Barack Obama: You guys are drawing down 10 million, 20 million bonuses after America went through the worst economic year that it’s gone through in decades?
President Barack Obama: There will be time for them to make profits and there will be time for them to get bonuses. Now is not that time.
Tracy Byrnes: Seems to be a very different story though for one of Obama’s failed green energy bets. A handful of execs who helped drive electric car battery maker A123 Systems into the ground, now want over million worth of bonuses. … Read More ➡
A growing number of watchdog groups are calling for an investigation into alleged ethics violations by Rep. Nick Rahall (D., W. Va.) following a report that he obtained a tax deduction by claiming Washington, D.C., as his primary residence.
Last week the Washington Times reported Rahall applied for and received a homestead tax deduction for his D.C. townhouse, saving him $573 on his annual D.C. property tax bill.
Rahall, whose net worth is between nearly $2 million to $3 million according to financial disclosure reports, also enjoys a reduced owner-occupied tax rate on his West Virginia home, which cut his state property tax bill in 2012 by $2,874, according to records obtained by the Washington Times.
“Any member taking a D.C. homestead deduction is pulling a fast one,” said Ken Boehm, chairman of the National Legal and Policy Center. “They just … Read More ➡
NLPC Associate Fellow Mark Modica was interviewed Wednesday by David Asman on the Fox Business Network on Moody’s credit downgrade of Fiat. The Italian automaker, which owns Chrysler, is facing financial difficulties, even as President Obama is ballyhooing the “success” of the auto bailout. Here’s a transcript:
David Asman: Even though Chrysler is now owned by an Italian car company, President Obama continues to refer to it as a successful bail out of an American car company. By now Chrysler’s parent, Fiat is in real trouble. Moody’s just lowered its credit rating to junk status. So are taxpayers about to get hit up for yet another bail out of an Italian car company? Let’s ask Mark Modica who has been following the bailout since it began at the National Legal and Policy Center. Good to see you again Mark. Thanks for coming in.
NLPC Associate Fellow Paul Chesser is interviewed on Fox Business Network’s Money With Melissa Francis. Here is a transcript:
Melissa Francis: So another day another $150 million of your taxpayer money up in smoke. Back in 2012 the Department of Energy gave $250 million bucks to a factory in Michigan to produce batteries for the Chevy Volt. President Obama touted this as a step in the right direction to bringing manufacturing jobs back to America. Here we are two years later and Compact Power has yet to produce a single battery. Now it is forced to furlough all of its workers. Joining me now is Paul Chesser, an associate fellow at the National Legal and Policy Center. How in the world did this happen?
Paul Chesser: Well, it is just another in a long line of gifts that the Obama Administration handed out to electric vehicles, the batteries … Read More ➡
NLPC Associate Fellow Mark Modica was interviewed last night on Fox Business Network’s Willis Report. Here’s a transcript:
Cheryl Casone: Government Motors. Trying to shed its ties to Uncle Sam once and for all, pushing the sale of the U.S. stake in the company altogether. But saying goodbye is hard to do. The government’s digging in its heals, saying taxpayers would have faced a massive multibillion dollar loss. Joining me now with more is Mark Modica, associate fellow for the National Legal and Policy Center. This was a bad deal. I mean this was a bad deal for the taxpayers. Of course, Treasury said no to it.
Mark Modica: Hi, Cheryl, well, they have been saying no. Actually, they could have first sold the stake almost a year and a half ago when share price was over thirty, and we heard the same story. They’re not going to … Read More ➡
NLPC Associate Fellow Mark Modica is interviewed on 9/5/12 about new vehicular fuel economy standards on the Fox Business Network. Host is Gerri Willis. Here is a transcript:
GERRI WILLIS: No summer blues for car dealerships. Consumers driving up August auto sales 20% higher from a year ago. But will the White House’s new fuel efficiency standards put the auto industry’s progress into reverse? With more, Mark Modica, Associate Fellow for the National Legal and Policy Center. Welcome back to the show, Mark, great to see you. I want to show folks these efficiency standards. They are sort of shocking. So, right now 29.7 miles per gallon is what is required. By 2016, two years from now. 35, by 2025, 54.5. What do you make of that?
MARK MODICA: Well, it is quite a jump, and it’s going to cost consumers. Estimates are that this will raise the prices … Read More ➡
NLPC Associate Fellow Mark Modica was interviewed by Tom Sullivan about GM’s future on Fox Business Network on August 11. Here’s a transcript:
Tom Sullivan: Joining me now is an Associate Fellow at the National Legal and Policy Center, Mark Modica. You follow this GM story carefully.
Mark Modica: I sure do.
Tom Sullivan: Do you agree with the other Mark about the fact that GM is looking pretty good right now?
Mark Modica: I agree with some of the comments. The European situation is a mess, so that is an overhang there. As far as the government getting out – no professional investor would say that you base your exit of owing a stock on what you paid for the stock. The government should have been out of GM. They had the opportunity over a year ago to sell their stake – the taxpayers stake. At … Read More ➡
NLPC Associate Fellow Mark Modica was interviewed by Gerri Willis on the Fox Business Network on August 6. Here’s a transcript:
Gerri Willis: Moving on to a story, I know you are going to love. “In Focus Tonight,” the Chevy Volt village. An entire town dedicated to the controversial taxpayer backed car that so happens to spontaneously combust in flames. The government is teaming up with the private sector to test out its green agenda by dumping these Chevy Volts on an entire community. And did I mention you are helping to pay for this? Joining me now is, Mark Modica with the National Legal and Policy Center. All right, Mark, what is going on here?
Mark Modica: Hi Gerri, yes, this is called the Pecan Street Partnership. Funded with $10.4 million of taxpayer money. Edmonds dubs it Chevy Volt ville. They are giving away not only the … Read More ➡