This week, two Congressional committees are holding hearings on the alleged accelerator problems with Toyota vehicles. Combined, 59 Democrats sit on these panels, which command enough power to fatally cripple the company by seriously restricting its ability to sell cars in the United States. Here’s the kicker. Of those 59 Democrats, 31 have received campaign [...]
Promises with this government aren’t kept so much as they’re repaid. If you haven’t stuffed a few million dollars in earnest money into the coffers of certain politicians, don’t expect that Washington’s going to look after you.
Decades ago, when Deborah Hampton was a young divorced mother of two, her father encouraged her to go to [...]
Continue reading about Tales of Government Payback, the Automotive Sector Edition
So far, in the past ten months, we’ve bailed out several large financial companies, a few thousand banks, two of the three big automakers, dozens of state governments (thanks to Stimulus Bill make work programs), and nearly every progressive pet project under the sun.
So, what’s left to bail out? Well, how about all those [...]
Continue reading about Next on the Bailout Express: The FHA!
If you have some concern about where the many government bailouts and the massive debt they have created is leading us, these two posts by Stacy McCain should be right up your alley. Even if you’re not terribly concerned, I recommend them to you.
Stacy interviewed Johan Norberg, who has written a brand-new book about how [...]
Continue reading about New Book Alert: Johan Norberg on the Mortgage Crisis
My latest at AIP involves the Cash for Clunkers program whereby Washington has decided that the car you drive is a blight to Mother Gaia and you should drive a car they like. They’ve offered to pay you for the privilege — up to $4,500 for your old ride — except that the program ran [...]
General Motors isn’t the only taxpayer-owned company still pouring millions of our dollars into lobbying operations. There are a whole host of companies out there using your money to get even more of your money from Congress.
Some of the biggest banks are also among the more than 30 that have already moved to repay funds [...]
Continue reading about If This Were Vegas, There’d Be A Lot of Broken Kneecaps
You’ll be glad to know that General Motors has taken its horrid financial situation to heart and is taking immediate steps to reduce costs, increase its cashflow, and drum up new business. In fact, it’s doing all three things at the same time.
General Motors reduced its lobbying spending in the second quarter by only 1.4% [...]
Continue reading about Good News! GM Won’t Spend Quite so Much of Our Money on Lobbyists!
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