Obama better not talk about the economy if he wants to win a 2nd term

[Straw Man]

[Soul Crusher]

LOL!!!!   Are you kidding?   

So when Obama takes money from Taxpayer A by force and gives it to Taxpayer B who then receives unfair market advantage relative to its competitors, you call that a success?   

[Straw Man]

LOL!!!!   Are you kidding?   

So when Obama takes money from Taxpayer A by force and gives it to Taxpayer B who then receives unfair market advantage relative to its competitors, you call that a success?   

I guess if he keeps talking like this he's not going to get your vote ?

[Soul Crusher]

I guess if he keeps talking like this he's not going to get your vote ?

Why didnt Ford, BMW, Honda, Toyota, KIA, need a bailout?   

[Straw Man]

Why didnt Ford, BMW, Honda, Toyota, KIA, need a bailout?   

yep - I guess Obama better stop talking about the economy or he's doomed

I wonder if he'll be crazy enough to bring up healthcare?

If he doesn't I'm sure he'll never get your vote

[Oly15]

Anyone who actually reelects a president who put us in more debt in one year than george bush did did in his entire term and caused the economy to go into further recession along with his little guy kids and monjey guy wife should be put to death.


Not serious but they should have the fuck beaten out of them and their brains stomped until their mental disease is gone.

[Straw Man]

Anyone who actually reelects a president who put us in more debt in one year than george bush did did in his entire term and caused the economy to go into further recession along with his little guy kids and monjey guy wife should be put to death.

Not serious but they should have the fuck beaten out of them and their brains stomped until their mental disease is gone.

LoL

I didn't know 333 had a retarded little brother

just wondering - why do you think Obama's kids and wife are from guy?

[Soul Crusher]

LoL

I didn't know 333 had a retarded little brother

just wondering - why do you think Obama's kids and wife are from guy?

They are from Kenya and Sheriff Joe A. is going to prove it today.   

[Straw Man]

They are from Kenya and Sheriff Joe A. is going to prove it today.   

LoL

maybe that's what Breitbart secret video was all about

[dario73]

Wait. Is the board retard, straw, actually trying to argue that the economy is better now under Obama?

HEHEHEHE!! So one car company MIGHT be doing well and this is supposed to be indicative of the entire economy.

I pray to GOD that during the debates Obama the clown attempts to bring this up and try to spin the market being over 12k as being proof that the USA's economy is sound.

LOL!!!

[Straw Man]

Wait. Is the board retard, straw, actually trying to argue that the economy is better now under Obama?

HEHEHEHE!! So one car company MIGHT be doing well and this is supposed to be indicative of the entire economy.

I pray to GOD that during the debates Obama the clown attempts to bring this up and try to spin the market being over 12k as being proof that the USA's economy is sound.

LOL!!!

better now than the day he took office

feel free to prove otherwise

[Soul Crusher]

General Motors halts production of Volt
By Keith Laing - 03/02/12 03:39 PM ET


 
General Motors has temporarily suspended production of its Volt electric car, the company announced Friday.

GM, which is based in Detroit, announced to employees at one of its facilities that it was halting production of the beleaguered electric car for five weeks and temporarily laying off 1,300 employees.



A GM spokesman told The Hill Friday production of the Volt would resume on April 23.


"We needed to maintain proper inventory and make sure that we continued to meet market demand," GM spokesman Chris Lee said in a telephone interview.

Lee noted that sales of the Volt were higher in February than they were in March, and added that California recently decided to allow the electric car to qualify for High Occupancy Vehicle (HOV) lanes in the state.


"We see positive trends, but we needed to make this market adjustment," he said.


The Chevy Volt has come under criticism from Republicans in Congress because of reports of its batteries catching on fire during testing. President Obama gave the electric vehicle a vote of confidence in a speech to the United Auto Workers union this week, promising he would buy a Volt  "five years from now when I'm not president anymore."

But Republicans have argued that the Volt was being pushed by the Obama administration for political reasons instead of consumer demand.

“Is the commitment to the American public or is the commitment to clean energy that we are going to get there any way we can?” Rep. Mike Kelly (R-Pa.) said in a hearing in the House in January about the Volt's reported battery fires. 

“When the market is ready … it won’t have to be subsidized,” Kelly said.

Chevy has argued the debate about the Volt has become too political.

"We did not develop the Chevy Volt to be a political punching bag," General Motors CEO Daniel Akerson testified before Congress in the same January hearing.

"We engineered the Volt to be a technological wonder,” Akerson said.

Chevy has sought to give a boost to the public image of the Volt, releasing a commercial in January tying the Volt to the effort to reduce dependence on foreign oil.

"This isn’t just the car we wanted to build,” a narrator says in the commercial over footage of Volts being manufactured in Hamtramck, Mich. “This is the car America had to build.”


http://thehill.com/blogs/transportation-report/automobiles/213889-gm-halting-production-of-chevy-volt

[Soul Crusher]

GM laying off 1300 due to low Volt sales

by  Joel Gehrke Commentary Staff Writer


Follow on Twitter:General Motors Co. announced the temporary suspension of Chevrolet Volt production and the layoffs of 1300 employees, as the company is cutting Volt manufacturing to meet lower-than-expected demand for the electric cars.

"Even with sales up in February over January, we are still seeking to align our production with demand," GM spokesman Chris Lee said. The car company had hoped to sell 45,000 Chevy Volts in America this year, according to the Detrot News, but has only sold about 1,626 over the first two months of 2012.

"GM blamed the lack of sales in January on “exaggerated” media reports and the federal government's investigation into Volt batteries catching fire, which officially began in November and ended Jan. 21," the Ann Arbor (Mich.) News reported.

The laid-off employees will be rehired April 23rd, when GM resumes production of the Volt.

 





















LOL - I guess since obama said he wants one - orders were canceled and demand collapsed. 

[Soul Crusher]

ThinkProgress Blames Rush Limbaugh For GM’s Decision To Halt Chevy Volt Production (Rush's fault)
Weasel Zippers ^ | 3/2/2012 | Weasel Zippers
Posted on March 2, 2012 9:07:09 PM EST by Signalman

ThinkProgress Blames Rush Limbaugh For GM’s Decision To Halt Chevy Volt Production…

Do they really believe one conservative radio host is this powerful? The answer to that question is apparently, yes.

From ThinkProgess:

Relentless attacks on the Chevy Volt from Rush Limbaugh and Republican politicians have taken their toll, as General Motors has announced a five-week suspension in production of the range-extended electric car. Conservative enemies of clean energy and the Obama administration seized on isolated reports Volts with battery fires, calling the cars “Obama-mandated death traps.” Limbaugh even said GM was a “corporation that’s trying to kill its customers.”

These conspiracy-tinged partisan attacks have now cost American jobs, with 1300 workers temporarily laid off in the face of lower than expected demand for the innovative cars, even as gas prices rise. In January, GM CEO Dan Akerson bemoaned the effect of the barrage of ideological criticism on the popularity of the 37–93 mpg car:

We did not design the Volt to become a political punching bag and that’s what it’s become.

Oh, and about those attacks? After an investigation, the National Highway Traffic Safety Administration determined that the Volt is just as safe as any gasoline-powered vehicle on the road.

[Soul Crusher]

GM Chevy Volt Halt Confirms Green Energy Policy Failure
National Legal & Policy Center ^ | March 5, 2012 | Mark Modica




I hate to beat a dead Edsel, but the Chevy Volt story is just too important to let slip away. After last week's announcement by General Motors that it would be temporarily halting production of the Chevy Volt due to low demand, you would think that the evidence would finally be conclusive that the over-hyped, over-subsidized vehicle is a flop. The response by GM and lack of same from the Obama-loving media is worthy of continued criticism from those of us who have recognized that taxpayers have been bilked out of billions of dollars to produce a car that does practically nothing for the environment or foreign oil dependence while being unwanted by the 99% of consumers that can not afford, nor want the car. In fact, most 1 percenters don't want the car either.

Americans should closely follow the Chevy Volt saga, as it epitomizes the crony capitalism, deception and taxpayer abuse underlying the Obama Administration's green energy policy. And while far more money has been thrown down the drain producing and subsidizing the Volt compared to Solyndra, the mainstream media has either given a positive spin to the story or laid off the story completely.

Let's again review the history of the Volt. The car was initially hyped as GM was making a case to get billions of dollars in bailout aid from the government. When Obama's Auto Task Force (which was put in charge of redistributing wealth from GM bondholders and taxpayers to UAW members) was analyzing GM's business plans, they even test drove the vehicle, which was supposedly to be a "game changer" for the company as well as a savior for the environment and foreign oil dependence. General Electric was one of the main players involved in hyping the vehicle, as they would profit from building the charging stations used. The TV business news network owned by GE dedicated the better part of a day hyping the Volt when it was rolled out, which followed shortly after the GM IPO hoopla. Neither the Volt, nor GM shares have lived up to the hype.

For the past year, significant sales for the Volt have not materialized. This did not stop GM or President Obama from declaring the car a huge success. Lies were told about the existence of long waiting lists of customers that were lined up to buy the car, if only GM could keep up with the strong demand. These claims came not only from GM, but also from politicians like Rep. Jackie Speier (D-CA) who claimed there were waiting lists in CA and Rep. John Dingell (D-MI) who said Volts were "selling like hot cakes." And of course we had the Salesman in Chief, President Obama, say that he drove the car and it was a great vehicle. He recently backed off this falsehood and said the secret service wouldn't let him drive, but he will buy one in five years. Meanwhile, GM hypocritically complains that the Volt is a political target.

GM manufactured excuses about as fast as they manufactured Volts regarding the reasons for low sales. They stretched out the "supply can't keep up with demand" bogus claim as long as they could until it became obvious that they weren't trying real hard to ramp up production and lack of supply wasn't the issue. The latest excuse takes a play right out of President Obama's playbook. Of course, it's the Republican's fault for falsely criticizing a technologically wonderful green machine! The scoundrels have convinced the nation not to buy Chevy Volts in an effort to destroy our planet and oust our leader!

GM seems to be sticking to its guns in its backing of the Volt. According to a WSJ report, "Mark Reuss, GM's North American chief, said in an interview the auto maker remains committed to the Volt and is taking a number of steps to improve lagging sales. GM will launch a new national ad campaign this month that features Volt owners praising the car. It also recently dropped the monthly cost of leasing the vehicles to $350 from $399 for a 36-month lease." Bob Lutz, whose legacy is being tainted by his absurd defense of the Volt, stated "The Volt is a bases-loaded home run. It will overcome." So it appears GM will continue to blow millions of dollars on ads to promote a vehicle that the public doesn't want. Perhaps all that ad spending is part of the reason TV networks, other than the Fox Business Network, do not criticize GM or the Obama Administration for dumping billions of dollars on the unwanted car that feeds on a life support line of taxpayer subsidies.

A sales boost should occur when crony corporation GE begins purchasing thousands of Volts as promised. The purchases may be timed so that they can occur closer to the presidential election, as President Obama continues to campaign on the perceived success of GM and the Chevy Volt while refusing to sell taxpayers' ownership stake in the company. The public should be aware of the deceit when the media lights up with stories about electrified Volt sales.

Look, the bottom line is that the Chevy Volt might be a fine vehicle for those that can afford them and want to buy them, but billions of dollars should not be taken from taxpayers to subsidize a car that can not succeed on its own in the market. Not only should congress reject President Obama's attempt to raise the EV tax credit to $10,000, Rep. Mike Kelly's bill to kill the subsidies all together should be backed . Gas prices are approaching Government Motors' desired $5 level and the Obama-backed Volt obviously does nothing to help lower the price. The facts are the facts, there was no reason to lie about the car and make claims that demand was so high. In doing so, GM and the White House have lost a great deal of credibility. The Volt saga raises the important question, if GM and the Obama Administration can lie so easily to the American public about the Chevy Volt, what else have they, or will they lie to us about?

Mark Modica is an NLPC Associate Fellow.

[Soul Crusher]

In administrating its stimulus-fed loan and grants programs, the Department of Energy has been accused of incompetence, carelessness, recklessness, and cronyism. Now it can add inconsistency to those distinguishing characteristics.

Last week Bright Automotive, an electric vehicle start-up company thatGeneral Motors helped two years ago with an investment of at least $5 million from its venture capital arm, gave up hope on winning a $450 million loan from DOE’s Advanced Technology Vehicle Manufacturing program. As the company announced the withdrawal of its loan application and that it would end operations, CEO Reuben Munger and COO Mike Donoughe sent (and released to the media)a letter to DOE Secretary Steven Chu that sharply criticized the loan programs processes and outlined their frustrations.

“Bright has not been explicitly rejected by the DOE,” the Bright executives wrote, “rather, we have been forced to say ‘uncle….’”

“Last week we received the fourth ‘near final’ Conditional Commitment Letter since September 2010. Each new letter arrived with more onerous terms than the last. The first three were workable for us, but the last was so outlandish that most rational and objective persons would likely conclude that your team was negotiating in bad faith. We hope that as their Secretary, this was not at your urging.”

The shutdown is the latest in what is becoming a long line of green energy government “investment” failures inIndiana. In January EV battery maker Ener1, which had received $118.5 million in grants from DOE and $7.15 million in incentives from the Hoosier State , filed for bankruptcy. The EV company upon which it depended to buy its product, Norway-based Think Global (beneficiary of $3.1 million in state incentives), has repeatedly run out of money over the years and most recentlywent bankrupt in June. Abound Solar, which was to receive $11.85 million in state tax credits to launch a plant in Tipton, slashed payroll at its Colorado headquarters last week and activity in Indiana may never get off the ground. And then there are the disastrous cost overruns andcronyism surrounding Duke Energy’s Edwardsport coal gasification power plant, which featured an unproven technology to (needlessly) capture carbon dioxide emissions and store them underground, that also benefited from nearly $600 million in government subsidies .

Republican Gov. Mitch Daniels said in January 2010 he planned to make Indiana “the electric vehicle state.” And many conservatives hoped he would be the small-government alternative to President Obama?

Meanwhile Bright Automotive’s Munger and Donoughe bemoaned how DOE gave them the runaround on its loan application.

“In good faith we entered the ATVM process,” the executives told Chu, “approved under President Bush with bi-partisan Congressional approval, in December of 2008.

“At that time, our application was deemed ‘substantially complete.’ As of today, we have been in the ‘due diligence’ process for more than 1175 days. That is a record for which no one can be proud.”

Apparently someone at DOE told Bright in August 2010 that its loan would be approved “within weeks” if it formed a strategic partnership with GM, received private financing commitments, and reached other milestones. But according to Munger and Donoughe, “we waited and waited; staying in this process for as long as we could after repeated, yet unmet promises by government bureaucrats. We continued to play by the rules, even as you and your team were changing those rules constantly – seemingly on a whim.”

In response, DOE spokesman Damien LaVera said, “Over the last three years, the department has worked with the company to try to negotiate a deal that supported their business while protecting the taxpayers. In the end, we were not able to come to an agreement on terms that would protect the taxpayers."

Too bad DOE’s concern for taxpayers fell short with loans or grants to Solyndra, Beacon Power,Fisker Automotive (which recently had its DOE loan suspended),A123 Systems,Smith Electric Vehicles,First Solar,Iberdrola Renewables, Vestas, Ener1, and Abound Solar, among many others. All these unproven companies have received billions in taxpayer dollars through federal government green initiatives, but have experienced either bankruptcies, layoffs, or have bailed out previous failing projects.

Now even these projects with legacy corporations are cutting jobs, after GM’s announcement (extremely) late last week that it will sideline 1,300 employees who were working on the Chevy Volt because of poor demand for the vehicle. As my NLPC colleague Mark Modica wrote today, “taxpayers have been bilked out of billions of dollars to produce a car that does practically nothing for the environment or foreign oil dependence.” Watch for a similar storyline in the not-too-distant future about theNissan Leaf, which received a $1.45 billion loan guarantee from DOE to retrofit a plant in Smyrna, Tenn. to produce the EV.

Undeterred supporters of “clean” technology and DOE’s subsidies programs will blame the failure of the Bright Automotive loan on political pressure from Congress after Solyndra’s bankruptcy. But that occurred in September, long after Bright had been in DOE’s queue for consideration and had been apparently been getting jerked around by bureaucrats. Munger is probably especially peeved after he gave $67,100 to the Democratic Senatorial Campaign Committee and Democratic Congressional Campaign Committee, which produced nothing for his company in return (unlike others' whose political giving seemed to help along DOE grants and loans).

It proves two things (again): that government should never be in the business of choosing which companies upon which it bestows money that it takes from taxpayers, and businesses should never depend on government to provide for it funding it should instead earn from voluntary participants in the free market. Otherwise you are at the mercy of political whims and fickle or incompetent bureaucrats.

Paul Chesser is an associate fellow for the National Legal and Policy Center.

[Straw Man]

[Soul Crusher]

Again - only a moron and idiot still listens to what this idiot says.    It's what he does and what the results are that ,atters! 


FAIL!

[Oly15]

LoL

I didn't know 333 had a retarded little brother

just wondering - why do you think Obama's kids and wife are from guy?

I was calling them &$@)(s dumb fuck. Not guy idiot

[Soul Crusher]

An American Auto Bailout – For France?

http://abcnews.go.com/blogs/politics/2012/03/an-american-auto-bailout-for-france


Attention U.S. taxpayers:  You now own a piece of a French car company that is drowning in red ink.

That’s right.  In a move little noticed outside of the business pages, General Motors last week bought more than $400 million in shares of PSA Peugeot Citroen – a 7 percent stake in the company.

Because U.S. taxpayers still own roughly one-quarter of GM, they now own a piece of Peugeot.

Peugeot can undoubtedly use the cash.  Last year, Peugeot’s auto making division lost $123 million.  And on March 1 – just a day after the deal with GM was announced – Moody’s downgraded Peugeot’s credit rating to junk status with a negative outlook, citing “severe deterioration” of its finances.

In other words, General Motors essentially just dumped more than $400 million of taxpayer assets on junk bonds.

GM has said the deal is designed to give GM access to Peugeot’s expertise in small car and hybrid vehicle technology and ultimately allow both GM and Peugeot to save money by pooling their resources. But auto industry analysts find the deal mystifying.

An analysis by auto industry consultants IHS said it is “somewhat baffling that GM is willing to get involved in an alliance that it frankly does not need for size or complexity, while still avoiding any public plan to rationalise its European production, cut costs, or deal with labour rates.”

The deal will allow the Peugeot family to reduce its share of the family business.  The family, which Forbes estimated to be worth more than $2 billion, still owns about 30 percent of the company.  The Peugeots declined the opportunity to buy a piece of GM.

GM’s European operations have not enjoyed the same kind of rebound as its US operations.  In fact, GM’s European operations, primarily the carmaker Opel, lost more than $700 million last year.

[Straw Man]

I was calling them Nigg**s dumb fuck. Not guy idiot

No shit idiot

went right over your head didn't it

[Soul Crusher]

Media Fail: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car
 

By Seton Motley | July 17, 2012 | 09:54
 



The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM).  The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election.
 
The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.”  And the Press is acting as his stenographers.  An epitome of this bailout nightmare mess is the electric absurdity that is the Chevrolet Volt.  The Press is at every turn covering up - rather than covering - the serial failures of President Obama’s signature vehicle.
 
The Press has failed to mention at least five Volt fires, myopically focusing on the one the Obama Administration hand-selected for attention.
 
The Press has failed to mention that the Volt fire problem remains unsolved.  Is it the battery?  Is it the charging station?  Is it the charging cable?  All of the above?
 
GM and the Administration don’t know.  And the Press ain’t breaking their necks trying to find out.
 
In more recent news, the Press has almost as one hailed the June Volt sales increase.
 
GM's Volt Sales Up in June
 
Surprising June Sales for Volt
 
Chevy Volt Leads US Plug-In Car Sales
 
Chevy Volt Sales Increases
 
Volt Records Second-Best Sales Month
 
The Press has for the most part failed to mention how pathetic this “second-best sales month” actually is.  And even when one Dinosaur does, the unwarranted enthusiasm is palpable.
 
GM sells 1760 Volts in June, double from 2011
 
Wow.  Huge number.
 
The Press also fails to put this pathetic tally in perspective.
 
The Chevy Cruze is basically a Volt without the dead-weight, flammable 400-lb. electric battery.  Which makes it $17,000, rather than the Volt’s $41,000.
 
Chevy in June sold 18,983 Cruzes - more than ten times the number of Volts.  And that’s down 1/3 from last June’s 24,648.
 
But that feeble Volt tally has the Press all revved up.
 
And speaking of the Volt’s ridiculous $41,000 sticker price:
 
According to multiple GM executives there is little or no profit being made on each Volt built at a present cost of around $40,000. Furthermore, the $700 million of development that went into the car has to be recouped.
 
Get that?  GM makes “little or no profit” on the Volt.
 
So it makes perfect sense that GM would spend millions of dollars advertising it, does it not?  No ideological or campaign intent there, eh President Obama?
 
Look, I get it, it’s fun.  I just spent $1 million - of your money - advertising free air.  On which my profit margin is just as good as GM’s is on the Volt.
 
Only my ads didn’t have a song, or a dance.  We just aren’t as cool as the Volt.
 
I mean, it’s so cool - it can travel back in time to inspire the production of cars before it even existed.
 
I mean, it’s so cool - it can travel back in time to offer the exact same technology as a car from 1991.  And the exact same electric battery range as a car from 1897.
 
We’re talking retro-grade cool.
 
But wait - there’s so much more.
 
(A)dd $240 million in Energy Department grants doled out to G.M. last summer, $150 million in federal money to the Volt’s Korean battery supplier, up to $1.5 billion in tax breaks for purchasers and other consumer incentives, and some significant portion of the $14 billion loan G.M. got in 2008 for “retooling” its plants, and you’ve got some idea of how much taxpayer cash is built into every Volt.
 
Speaking of those “tax breaks for purchasers and other consumer incentives” - as of November of last year that tally all by itself was $250,000 per Volt sold.
 
And that excruciating pain is ongoing.  Again, a Volt sold makes GM no money - but costs We the Taxpayers a $7,500 bribe - I mean “incentive.”  Oh - and President Obama wants to jack that bribe to $10,000 per.
 
I guess it’s good news after all that Volt sales remain so anemic.
 
And with GM’s new 60-day return policy, it looks like you can buy a Volt and cash the $7,500 bribe check. Then return the Volt - and keep the $7,500 bribe cash.  How’s that for Taxpayer coin stewardship?
 
Keep all of this outrageousness in mind when next the Jurassic Press joins with the Obama Administration in celebrating the Chevy Volt.
 
But it (allegedly) helps President Obama get reelected.  And nothing would make the Press happier - and for that there’s (almost?) nothing they won’t do.


Read more: http://newsbusters.org/blogs/seton-motley/2012/07/17/media-fail-chevy-volt-makes-gm-no-money-costs-taxpayers-hundreds-thous#ixzz20uUDYEfX

[whork]

Isnt it the private enterprise that makes a economy and not the government?

Government can pretty much only take in taxes and spend.

[GigantorX]

Isnt it the private enterprise that makes a economy and not the government?

Government can pretty much only take in taxes and spend.

No, they can regulate, subsidize, penalize, tax, punish in a variety of colorful ways.