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    Why DOE Is Wasting $45 Million of Your Money

    Last week we wrote about the Department of Energy (DOE) wastefully spending $45 million in taxpayer dollars on advanced transportation technologies. The federal government spending taxpayer dollars on activities the private sector should be financing is nothing new, but another big part of the problem is that these investments stem … More

    A Two-Gallon Compact Car

    How would you like to buy a nice compact car with a two-gallon gas tank? It costs only $36,000, and it takes seven hours to fill the tank. Secretary of Energy Steven Chu wants lots of those cars, though he insists they will be $10,000 cheaper. The car alluded to … More

    SEC Subpoenad CEO of Stimulus-Backed Electric Vehicle Company

    The Securities and Exchange Commission filed a subpoena against electric vehicle company ECOtality in October of 2010, requesting documents relating to its investigation into insider trading by some of the company’s top executives. The name of at least one of those individuals has now been revealed. ECOtality is a poster … More

    President Obama Blames You for High Gas Prices

    President Barack Obama deflected blame for high gas prices yesterday, by blaming American consumers for their automobile choices. According to the AP, at an event at a wind turbine plant, “Obama needled one questioner who asked about gas prices.” Obama laughingly said: “If you’re complaining about the price of gas … More

    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

    Economy Puts the Brakes on Hybrid Sales despite Government Pushing Pedal to the Metal

    Government mandates, preferences and subsidies don’t work. Here’s another example. When gas prices hit record levels over the summer, companies were furiously pumping out oil to meet surging global demand. As the economy took a turn for the worse and demand slowed, there was a noticeable lag as companies continued … More

    The Government Can't Sell Cars

    As President Obama and Congress are starting to learn, it isn’t easy running American businesses from Washington. This week AIG threw bonuses in the faces of their new CEO’s on Capitol Hill, after Senator Chris Dodd (D-CT) specifically legislated that they could do just that. Senator Dodd is apparently wishing … More