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    What’s Another $45 Million at the Energy Department?

    The Department of Energy (DOE) announced it is spending $45 million of taxpayer money for 38 different projects for advanced transportation technologies. But private companies should be making these investments on their own to provide the best products available for consumers. The 38 projects funded by DOE are going to … More

    China Makes Life More Difficult for Foreign Companies

    It is widely hoped—in the U.S., China, and elsewhere—that the new Chinese government headed by Xi Jinping and Li Keqiang will restart economic reform. While the answer is still unclear, circumstantial evidence is piling up, and it isn’t good. Beijing is treating foreign companies very poorly, contributing to a poor … More

    New Auto Efficiency Regs: Special Interests Win, Consumers Lose

    The federal government finalized new automobile efficiency rules today for cars and light trucks for model years 2017–2025. The rules require an average fuel economy of 54.5 miles per gallon (mpg) in 2025. Proponents of the rule advertise the more stringent mpg standard as a win for producers, consumers, and … More

    "Cash For Clunkers" Drives into Reality

    But for handing over gobs of cash with no strings attached, it would be harder to imagine a more sweetheart deal for the auto industry: According to the Wall Street Journal, Congress is considering a proposal to pay consumers to buy new cars. It could wind up as part of … More

    Russian Crisis Acquires New Dimension

    The crisis in Russia is revealing new features proving it is quite unlike the global downturn. Last week saw numerous actions protesting a hike in import duties on foreign cars that were staged in an array of Russian provinces. The government had passed a decision to the effect to protect … More

    75 Years Ago, Ford's Better Idea

    “A Conservative,” that anonymous scribe within Heritage, surfaces again for the second time in three days with a cautionary tale for the Big Three about Henry Ford, FDR and Big Government strings. This latest edition of New Common Sense, titled “Ford Faced Down FDR’s Blue Eagle,” reads as follows:   Out … More

    UAW Won't Let Detroit Make Competitively Priced Cars

    Even as the Detroit automakers are asking Congress for a taxpayer bailout, the Detroit News reports that Ford Motor Co. is operating highly automated, highly integrated, and highly profitable auto plants — in Brazil. They employ state of the art technology and techniques to produce high-quality vehicles: This state-of-the-art manufacturing … More

    Morning Bell: Time to End the TARP Bailout Parade

    Senate conservatives last week waged a hard-fought and principled battle to protect both U.S. taxpayers and the integrity of the free market against the Washington establishment that favored a government bailout of General Motors and Chrysler. By late Thursday it appeared they had won. But within hours of the end … More

    Detroit's Other Big Problem

    Last week the House approved a $25 billion loan for Detroit’s Big Three that, if signed into law, would cost taxpayers $7.5 billion. General Motors, Ford and Chrysler claim they need assistance to make the switch from gas-guzzling vehicles to more cars with better fuel-efficiency. We’ve broken down a few … More