The Obama administration today sold the last of its shares in Chrysler LLC, and in typical Obama administration fashion wound up losing the American taxpayer $1.3 billion. Well your Mandarin is not the only one disappointed in this loss as … Continue reading →
On Wednesday, President Obama announce that the federal government will purchase the first 100 electric cars that roll off an American assembly line. Currently, that appears to be the Chevy Volt which is reportedly going to carry a price tag … Continue reading →
Friend of the Gormogons Claire Berlinski writes: After the Second World War, the United Kingdom’s newly elected Labour government resolved to build of Britain a New Jerusalem. It nationalized the commanding heights of the economy and inaugurated the cradle-to-grave welfare … Continue reading →
So rather than let GM crater in a richly deserved bankruptcy, the federal government (both Bush and Obama administrations) decided to bail out/buy out the Detroit automaker. Not content to bail out/buy out only one failed business model, the federal … Continue reading →
…killed by its parasite. General Motors was destroyed by operating under the ignorance, stupidity, and irrational greed of a labor union. From this point on, it is to operate under the ignorance, stupidity, and irrational greed of government officials acting … Continue reading →
Let us say that you are in a casino, near the roulette table. You have just witnessed a guy lose thousands of dollars over the last two hours. He nudges the guy next to him. “Say, pal…that was my kid’s … Continue reading →
Here is a fascinating article regarding the Romanian automobile industry under the rule of Nicolae Ceausescu. This would be a funny look back at the past if not for the fact that this could very well be our future. The … Continue reading →
To jump on ‘Puter’s post – this isn’t new behavior. Obama’s already done this with Gitmo, with cabinet appointees and other “Czar”isms – No not the Muscovite. This deal if rift with problems, the least of which isn’t the interference … Continue reading →
So says David Brooks in today’s New York Times. Thanks for thoughtlessly (or worse, thoughtfully) running full tilt into a quagmire with no exit strategy, President Obama. If Chimpy McHitlerburton did this, the outcry would deafen the astronauts on the … Continue reading →
The New York Times has labeled GM and Chrysler dead men walking. 'PuterAlways right, unless he isn’t, the infallible Ghettoputer F. X. Gormogons claims to be an in-law of the Volgi, although no one really believes this. ’Puter carefully … Continue reading →
In 1983 dollars, that is. [That’s $61,689.87 in 2007 dollars. Who wouldn’t drop sixty-two grand on that sweet ride? —ŒV] Popular Mechanics joins Volgi and ‘Puter in their complete and utter loathing of the Cavalier. Actually, PM just says that … Continue reading →
Anyone who started work for GM after 1982 and thought that they would have a job for life is too stupid to be bailed out. I’m talking to you, Green family. CNN apparently feels for you though, so at least … Continue reading →
