• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Chrysler

    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

    News Flash: Obama-Appointed GM CEO Supports Obama

    Here’s a shocker. Among the cheerleaders for President Obama’s plan to increase federal fuel efficiency mandates were General Motors and Chrysler — two companies that are, at the moment, virtually run by the federal government itself. GM’s Fritz Henderson, who was made CEO when Rick Wagoner was effectively fired by … More

    The Federal Elephant in the Chrysler Bankruptcy Courtroom

    Chrysler is declaring bankruptcy. The step that was once declared “off the table” is now a reality. And that’s good news. The bankruptcy process provides the long-troubled automaker with the means necessary to reduce restructure itself into a viable enterprise. It’s also good news that Chrysler will have private-sector help … More

    It’s Official: Chrysler Files for Bankruptcy

    From CNNMoney: “Chrysler LLC will file for Chapter 11 bankruptcy protection in a New York court Thursday senior Obama administration officials said, kicking off what the administration predicts will be a 30- to 60-day restructuring for the third-largest U.S. auto maker. The U.S. government will provide up to an additional … More

    Nationalizing Chrysler

    “Let me be clear: The United States government has no interest in running GM,” President Obama said just three weeks ago. He continued: “We have no intention of running GM.” But what about Chrysler? In a letter to employees released late last night, Chrysler CEO Bob Nardelli stated that, under … More

    Bankruptcy? Nope, It's Just Another Bailout.

    All bankruptcies are not created equal. For months, Heritage and other conservatives have counseled that the proper course for an ailing automaker is the same medicine as for any other sick company: the bankruptcy process. All along, industry shills and union activists have pooh-poohed that idea, claiming that bankruptcy filings … More

    Morning Bell: Car Salesman in Chief

    On April 8, 1952, President Harry Truman ordered Commerce Secretary Charles Sawyer to seize and take over operation of most of the country’s steel mills. Truman cited no legislative authority for his actions. Instead, he cited the Korean War. Truman claimed there was a national emergency and his presidential war … More

    Auto Parts Get $5 Billion Bailout: Where Does the Cycle End?

    In February, groups representing the auto parts suppliers asked for a $25.5 billion bailout from the Treasury. Yesterday, the Treasury announced parts suppliers will receive about one fifth of that through Troubled Asset Relief Funds: The Treasury Department announced a $5 billion program to aid struggling auto-parts suppliers, raising the … More

    Auto Bailout Update: Drove My Chevy to the Levee...

    The news of another auto bailout was met with a whimper last week. Surely, the little noticed request for an additional $22 billion was partly overlooked because $22 billion just doesn’t seem like a large amount of money after President Obama spent $787 billion of your borrowed dollars the week … More

    Shocking: Americans Oppose Giving More Money to Detroit

    They didn’t support it the first time around and nothing has been done to indicate to Americans that change and sustainability are on the horizon. The Detroit Free Press reports, A new survey shows that 64% of likely voters are opposed to the federal government loaning General Motors Corp. and … More