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    General Motors Bailing Out Volt Owners?

    December 1, 2011 at 6:36 pm

    26 Comments

    obama-chevy-volt

    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

    Is General Motors Headed Back to Square One?

    July 6, 2011 at 12:30 pm

    5 Comments

    GM-headquarters-10-04-07

    A glut of unsold trucks sits on General Motors dealers’ lots. Two auto plants in Indiana and Michigan stand idle, and it appears that the taxpayers aren’t out of the woods yet. GM still faces serious problems, being made worse by impending regulations. The Detroit Free Press reports: “Supply of Silverados … More

    General Motors CEO Wants Higher Gas Prices

    June 7, 2011 at 5:30 pm

    36 Comments

    General Motors $4.3 billion loss

    If General Motors CEO Dan Akerson had anything to say about it, you would be paying a dollar more a gallon for gas. Yes, with $4/gallon prices hitting consumers in a tough economy, Akerson told the Detroit News: “You know what I’d rather have them do — this will make … More

    Jennifer Granholm Tries to Rewrite History

    June 3, 2011 at 12:00 pm

    3 Comments

    gramholm-obama

    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: Our Economy Can’t Afford More GM “Success” Stories

    November 19, 2010 at 9:10 am

    46 Comments

    Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling … More

    GM: Successful Bailout or Successful Restructuring?

    August 20, 2010 at 5:00 pm

    7 Comments

    General Motors is making moves to sell some of its government-owned stock back to the private sector in what would be one of the largest initial public offerings (IPOs) in U.S. history. While this is certainly a positive sign, it should not be used as an example and an excuse … More

    Chevy Volt: Cheap at Half the Price

    July 29, 2010 at 12:30 pm

    6 Comments

    You can buy a lot of car for $41,000. A BMW. A Mustang GT convertible. Even a Mercedes. Or you could shell out for a brand-spanking-new electric-powered Chevy Volt and do your part to “save the environment.” Government-owned General Motors is counting on the government to encourage you to do … More

    VIDEO: GM Repaid Taxpayers with Tax Dollars

    May 3, 2010 at 1:00 pm

    5 Comments

    You probably have seen that new General Motors ad were CEO Ed Whitacre claims his company has repaid their taxpayer bailout “in full, with interest, five years ahead of the original schedule.” Don’t believe it for a second. Nick Gillespie explains why in the video to the right. The New … More

    A Full 10% of General Motors Bailout Paid Back

    April 23, 2010 at 2:07 pm

    18 Comments

    General Motors CEO Ed Whitacre should have thought twice about the title of his Wall Street Journal op-ed, “The GM Bailout: Paid Back in Full.” GM did announce that it would repay the $5.8 billion ($4.7 billion to U.S, $1.1 billion to Canada) remaining balance on the loans the automaker … More

    So How Is That Government-Run Auto Company Working Out?

    April 7, 2010 at 4:00 pm

    40 Comments

    It’s been nearly a year since the Obama administration took the reins of General Motors, and if today’s headlines are any indication, things aren’t looking good for the troubled Detroit auto maker. First off, GM just isn’t making money. It posted a $4.3 billion loss for the second half 2009 … More

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    Immigration Reform in One Infographic

    The Senate Judiciary Committee approved the Gang of Eight’s immigration bill on Tuesday. It will go to the Senate floor after the Memorial Day recess. Heritage has pointed out the problems with this “comprehensive” approach — including the staggering costs of amnesty and a failure to secure the border. SHARE … More

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