Today, the Senate could pass a Food and Drug Administration bill that would grant the agency new authority to regulate tobacco products. Slipped into that bill is a newly introduced amendment that would, for one year, attempt to boost car sales and reduce carbon dioxide emissions: Sens. Debbie Stabenow, D-Mich., …
Government control of General Motors is likely to throw the company into reverse gear rather than forward. By rewarding bad behavior with $50-billion, President Obama has created powerful incentives for even worse performance. In his New York Times column today, David Brooks lays out six reasons why the latest bailout …
At midday today, President Barack Obama will announce details of his administration’s $30.1 billion plan to restructure General Motors. Despite claiming that the administration “will not interfere with or exert control over day-to-day company operations” it is instructive that this announcement is being made by the President, from the White …
Heritage fellow James Gattuso: Congratulations: If you are a U.S. taxpayer, you will soon be a part owner of a car company. Under the latest reorganization plan for General Motors, Uncle Sam would take ownership of 72.5 percent of the troubled automaker while providing an additional $30 billion in funds …
“I don’t want to run auto companies.” – President Barack Obama, April 29, 2009. “Obama Halves Chrysler’s Planned Marketing Budget” – Advertising Age, May 11, 2009. Congress should help President Obama stop running auto companies. We must repeal TARP now.
