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

    Obama's Bank Tax - The Victim is YOU!

    So President Obama wants to slap a tax on banks, but should you really care? Absolutely. Those taxes are going to wind up costing YOU money, whether you’re a customer, a bank employee or an investor, according to the non-partisan Congressional Budget Office (CBO). As ABC News reports, the CBO … More

    In Pictures: Obama’s Bank Tax - Robbing Peter to Pay Paul

    In his State of the Union Address, President Barack Obama proposed “a modest fee” on banks that “would pay back the taxpayers who rescued them in their time of need.” In truth, his bank tax would hit financial institutions who have paid back their bailout funds, with interest, while those … More

    Does the Government Pose a Bigger Threat to Toyota Than its Sticky Pedals?

    Toyota’s bad press has been for its sticky pedal incident certainly isn’t surprising, but is all the negative attention warranted? When asked about the Toyota recalls, Transportation Secretary Ray LaHood responded by saying, “My advice to anyone who owns one of these vehicles is stop driving it, and take it … More

    New Year, New Federally-Owned GMAC

    If President Barack Obama’s New Year’s resolution was for the federal government to stop taking majority ownership in private corporations, he’s off to a bad start (or he decided to get one more in before 2010). Yesterday, the government indicated it will provide $3.8 billion in additional aid to GMAC … More

    Government Plans for Political Interference in GM, Chrysler

    When the government bailed out General Motors and Chrysler, part of the necessary, painful road to recovery was to cut unnecessary dealerships. Before the cuts GM and Chrysler had over 9,000 independent dealerships in the United States. To save costs, GM and Chrysler cut 1,300 and 800 dealerships, respectively – … More

    Government in the Way Again at GM and Chrysler

    There’s new evidence that General Motors and Chrysler, both owned partly by taxpayers, are still facing interference in the way they are run. The latest example comes not from the Obama Administration, but from Congress. At issue are the closures of over 2,000 dealerships announced by the two firms last … More

    GM Paints Silver Lining on Cloudy Earnings Report

    Not very often is losing $1.2 billion good news but that’s the way General Motors is spinning its third quarter earnings report. GM claims its finances are stable enough to begin repaying the $6.7 billion in government loans as soon as December and could be paid off ahead of schedule, potentially … More

    Cash for Clunkers Comes Crashing Down

    What goes up must fall just as hard. Case in point: cash for clunkers: The dramatic decline in sales reported Thursday by the Big Three automakers suggested the extent to which the stimulus act has propped up the economy. The government’s wildly popular “Cash for Clunkers” program drove consumer spending … More

    Is the House Trying to Start a Trade War?

    Is the House of Representatives trying to start a trade war in the midst of the worst economy in a generation? Sure seems that way. When the House passed the Energy and Water appropriations bill they included a protectionist provision that is not only misguided, but it is poorly applied. … More

    A Union Divided Against Itself: The UAW’s Conflict of Interest

    In the wake of the General Motors and Chrysler’s bankruptcies, United Auto Workers finds itself in a complicated position. In some sense it has achieved a Marxist ideal: it has gained (at least some) control of its means of production. The UAW owns 55 percent of Chrysler and 17.5 percent … More