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WSJ: Cash for Clunkers “One of Washington’s all-time dumb ideas”

Regular readers of this blog have been well-versed in the numerous failures of the Cash for Clunkers program. But the Wall Street Journal went straight for the government jugular with…

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More details about Obama's underhanded Chrysler bankruptcy deal

Writing at Newsbusters.org, Tom Blumer says: Even if they ultimately lose their last-minute court battle, the Indiana pension funds defending their rights as secured first-lien creditors of Chrysler have done…

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Obama Auto Strategy Is To Level The Playing Field

Now that the GM bankruptcy is on its way to becoming an afterthought it's time to ponder what will happen to the domestic auto manufacturing industry. As Kim noted yesterday,…

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Obama Auto Task Force Labels Chrysler Creditors "Terrorists"

An attorney who is a member of President Obama's auto task force labeled dissident Chrysler bondholders "terrorists". These are the same bondholders that refused to yield to the thuggish tactics…

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Great Dictator Roundup

Great Dictator Roundup

"Obama Aides Take Axe To Chrysler's Budget" "Chrysler To Eliminate 789 Dealerships Nationwide" "GM Tells 1,100 Dealers It Plans To Drop Them" "The United Auto Workers charged last week…

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Birds of a Feather

Birds of a Feather

As I noted last week, Hugo Chavez seized yet another chunk of Venezuela's oil industry this weekend, since it is apparently much more economical for the government to steal private…

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Did the Obama White House try to make Chrysler creditors "an offer they couldn't refuse"?

ABC News is reporting: Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that [White House financial adviser Steven] Rattner…

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Obama Signals General Motors Bankruptcy

The Obama message machine began prepping the media for the bankruptcy of General Motors late yesterday. Bloomberg reported last night that the President has decided that bankruptcy is the best…

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Do the worst car companies really make the worst cars?

The Truth About Cars has just published their 2008 10 Worst Autos list. 9 out of those 10 cars are made by GM or Chrysler, and the VW Routan is widely considered to be nothing more than a bad copy of the Dodge Caravan. All ten of these vehicles are currently in 2009 model year production.

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