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    The Great Obama: Pulling A GM Profit Out Of His 'Box of Cash'

    From June 4th’s Wall Street Journal: Like a magician who artfully controls his audience’s attention, the government’s General Motors investment is all about financial diversion. Here’s the fancy trick: It won’t be very hard for a revamped GM to succeed at making a buck. Its debts will be cut from … More

    Barack Obama, General Motors, and Your Health Care

    Announcing the nationalization of General Motors this Monday, President Barack Obama insisted, “What we are not doing — what I have no interest in doing — is running GM. … When a difficult decision has to be made like where to open a new plant or what type of new … More

    Cash for Clunkers is Another Bailout for the Auto Industry

    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., … More

    Throwing It in Reverse

    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 … More

    The Not So Reluctant Shareholder

    Yesterday, after President Barack Obama again insisted he did not want to run General Motors, we questioned just how reluctant a shareholder the Obama administration will be. Thanks to the Wall Street Journal, we’re beginning to get our answer: The President is so busy not running GM that he had … More

    Morning Bell: Government Motors is Not the Answer

    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 … More

    Government Motors: Exit Strategy Needed

    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 … More

    Rule of Law: Good for Retirees or Only Terrorists?

    Today President Obama stood on the world stage and demanded that suspected terrorists be treated under the “rule of law.” In fact, he used the phrase “rule of law” eight times. It is now time for him to use the phrase “rule of law” when it comes to Americans. In … More

    More Bailouts, Protectionism or Both?

    The government handed out billions of dollars in taxpayer money for General Motors and Chrysler to save jobs and become economically viable as fast as possible. No such luck with Chrysler. If returning to viability is the target, GM may have to turn to imports: General Motors is engaged in … More

    President Obama Still Running Auto Companies

    “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.