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    Chrysler Bankruptcy Still Affecting Economy

    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written … More

    Bob Dylan and Chrysler Illustrate Benefits of Globalization During Super Bowl

    In Chrysler’s Super Bowl ad for the Chrysler 200, Bob Dylan says: “Let Germany brew your beer. Let Switzerland make your watch. Let Asia assemble your phone. We will build your car.” The ad didn’t mention that Chrysler is a wholly owned subsidiary of Italy’s Fiat. The United States is … More

    This Once-Prosperous American City Went Bankrupt. Who's to Blame?

    Detroit, once a booming metropolis with a strong economy and strong society, declared bankruptcy last July. After 50 years of electing Democratic mayors, the city now has a state-appointed emergency manager overseeing its financial operations. What happened to this once-great American city? Detroit’s problems stem from years of failed liberal … More

    The 5 Most Misleading Statements from the Second Presidential Debate

    President Barack Obama and former Massachusetts Governor Mitt Romney sparred last night in the second of three presidential debates. Today’s Morning Bell features reaction from numerous Heritage experts. In addition, we’ve compiled a list of the five most factually-challenged statements made during the debate. Obama falsely claims he called Benghazi attacks “acts … More

    Chinese Auto Subsidies: Hypocrisy from the Obama Administration

    The Obama Administration recently filed a case with the World Trade Organization, alleging that China provided at least $1 billion in subsidies to Chinese carmakers from 2009 to 2011. On the same day, The Wall Street Journal reported that if the government sold its 26.5 percent stake in General Motors, … More

    Morning Bell: Auto Bailout Was Really Just a UAW Bailout

    President Obama told the United Auto Workers (UAW) in February not to listen to critics of the auto bailout who said union members “made out like bandits—that saving the auto industry was just about paying back the unions.” “Really?” Obama said. “I mean, even by the standards of this town … More

    Morning Bell: How Chrysler Can Actually Help Detroit

    Did you know that there are no Volkswagen manufacturing plants in the Detroit area? Or Mercedes-Benz? Or Kia? Or Hyundai? Or BMW, for that matter? The Motor City has a well-earned reputation for having the greatest auto workers in the nation, yet honorable Michiganders largely build cars for only three … More

    General Motors Bailing Out Volt Owners?

    It’s been a mixed day in the world of the American auto industry. While Ford Motor posted huge sales for November — propelled by a strong demand for SUVs — General Motors has been forced to make the unusual offer of buying back cars from consumers. Tom Krisher at the … More

    Jennifer Granholm Tries to Rewrite History

    If you’re looking for an expert in revisionist history, look no further than former Governor Jennifer Granholm (D). For the past several months, Granholm has been trying to erase from people’s memories the economically-destructive record she left behind in Michigan. And now, Granholm is trying to rebuild the image of … More

    Morning Bell: Unemployment Goes Up, Obama Declares Victory

    Unemployment in the United States increased again last month to 9.1 percent, with the Obama economy adding only 54,000 jobs—the fewest in eight months. Today’s terrible jobs report is much worse than expected. Economists surveyed by Dow Jones Newswires had grimly predicted 160,000 new jobs and an unemployment rate of 8.9 … More