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    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

    Tales of the Red Tape #42: Peeling Back Nonsense in Vehicle Regulation

    General Motors Corp. (GM) is recalling 18,941 Chevy Camaros (model years 2013 and 2014) for violating Federal Motor Vehicle Safety Standard No. 208—Occupant Crash Protection. Defective seat belts? Air bag malfunction? Brake failure? Nope. GM is recalling 18,941 Chevy Camaros because the air bag warning label on the sun visor … 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

    The Chevy Volt's Staggering Losses

    As Mark Twain might have put it, the reports that General Motors is alive are somewhat exaggerated. “Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts … 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

    Morning Bell: Taxpayers' Auto Bailout Losses Mounting

    Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration. Politico recently obtained … 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

    General Motors CEO Wants Higher Gas Prices

    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

    U.S.-Made Vehicles Top Consumer Reports Best Car List

    People who believe the United States no longer manufactures anything need to check out the newest Consumer Reports “Best Cars” list. The magazine recently selected the top cars for 2011 in 10 categories. Five “best models” are made in the USA, three in Japan, one in Canada, and one in … More