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    Electric Cars Slide Over for New Gas-Powered Cars

    No matter how hard the government tries, it just won’t ever be as effective as the free market is in satisfying consumer demand. Want proof? Take a look at what the federal government is doing to lure people into buying more expensive, less convenient plug-in electric cars. Since little demand … More

    Morning Bell: Our Economy Can't Afford More GM "Success" Stories

    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

    The Electric Myth: Lack of Consumer Demand Killed the Electric Car

    “Don’t wanna lose it, it’s electric! (Boogie Woogie Woogie)” Those lyrics (from Marcia Griffiths’ song “Electric Boogie,” better known as “the Electric Slide song”) are quite indicative of the Obama Administration’s position on the electric car. No matter how much the market and consumers reject the electric car, the government … More

    GM: Successful Bailout or Successful Restructuring?

    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

    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

    A Snake Oil Sales Pitch for President Obama's Bank Tax

    It must not be easy being Treasury Secretary Timothy Geithner, these days. His latest task is to sell a skeptical Congress on the Obama Administration’s $90 billion bank tax with something of a convoluted snake oil sales pitch. He tried to make his argument to the Senate Finance Committee on … More

    A Full 10% of General Motors Bailout Paid Back

    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

    Automakers to Taxpayers: Can We Get Another Bailout, Please?

    A recent GAO report warns that GM and Chrysler may need even more taxpayer money. This comes after GM and Chrysler received the overwhelming bulk of an $81 billion auto bailout under TARP. The report finds GM and Chrysler may have unfunded liabilities for their pension programs. These obligations could … More

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

    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

    Could New EPA Requirements Cause Headaches for Automakers?

    The taxpayer-funded auto bailout was largely the result of a number of poor decisions made by General Motors and Chrysler. Along with the excessively high labor and legacy costs, Detroit’s dependence on big, non-fuel-efficient vehicles was its own doing and at one time, was a very profitable strategy. Detroit struggled … More