Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Auto Industry

Donald Trump the Populist and Pragmatist

Donald Trump & Melania enter the Oscar De LA R...

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The February 22nd Newsweek poll followed by the Wall Street Journal/NBC poll showing billionaire Donald Trump eclipsing his nearest Republican rivals and even challenging incumbent President Obama has caused some commentators to look past his rhetoric to see where “The Donald” really stands on major issues. Jonathan Hoenig, writing for SmartMoney.com, says that “Trump’s primary appeal is undoubtedly his business experience.

Given the nation’s festering inflation, exploding deficit and still moribund economy, there’s obvious interest in leaders who promote fiscal conservatism, capitalism and growth. The problem is: Donald Trump isn’t one of them.”

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$4 Trillion in Cuts Proposed by GOP Rep. Paul Ryan

Paul Ryan

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During an interview on “Fox News Sunday”, Rep. Paul Ryan (R-Wisc.), chairman of the House Budget Committeeoutlined many of the details of the GOP‘s 2012 budget proposal that will officially be announced on Tuesday. He said, “We can’t keep kicking this can down the road. The President has punted. We’re not going to follow suit. ” Implying that the proposal would cut the deficit by “much more than” $4 trillion over the next decade, he offered a synopsis of what to expect on Tuesday:

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Obama Budget Sleight of Hand

Of all the explanations, statistics, projections, and conjecture about the Obama administration’s new budget, nothing has had the impact of this simple graph in showing the assumptions, misstatements, and downright falsehoods that are required to “make the numbers work.”

The source for this very telling graph is the Obama administration’s Office of Management in budget. Below is the graph, as it appears in the Wall Street Journal.

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Super Bowl Ads: Watch for Chrysler

Pentastar Chrysler Dodge

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Tomorrow, millions of Super Bowl fans will most likely ignore the huge investment Chrysler is making in television ads in promoting its new 2011 models. Those ads are part of the vehicle manufacturer’s efforts to revive the company and start making some money.

Despite ending 2010 with a $652 million net loss, Sergio Marchionne, Chrysler’s chief executive officer, was determinedly optimistic, even though the company didn’t meet its net revenue objectives, and had to shut down some of its factories in December, despite providing more than $3,600 in vehicle incentives to move its older models off the showroom floors.

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GM’s IPO: Where’s the Weevil in the Hardtack?

Logo of General Motors Corporation. Source: 20...

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Steven Rattner, former counselor to Treasury Secretary Timothy Geithner, celebrated in Huffington Post, “In the end, it was a blow out!” With the old General Motors successfully selling shares in its new General Motors at $33 per share, taxpayers will allegedly be getting back part of the $50 billion in bailout money used to rescue the company 17 months ago.

As Rattner exulted:

The mother of all initial public offerings—that of the refreshed, revitalized and revamped General Motors—went off better than almost anyone expected….

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Chevy Volt Misses the Mark

Chevrolet Volt plug-in

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Now that the Chevy Volt, General Motors’ electric car, is about to arrive in selected dealers’ showrooms around the country, it has been getting a lot of press. Some are puff pieces, one of which appeared in USA Today, while others are much more critical.

According to James Healey of USA Today, the Volt “represents a staggering amount of engineering…which combines an electric motor…and a small gasoline engine to create a drive train that uses no gasoline for 25 to 50 miles, [and] then sips it.”

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CNBC Takes Aim at Remington

Remington 700 LTR

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The CNBC “Remington Under Fire” documentary that premiered October 20 misfired in terms of substantiating allegations that the trigger mechanism on Remington’s highly popular 700 series is unsafe. Instead, the “10-month investigation” essentially rehashed charges, allegations and complaints stretching back into history for years. The timing for the recycling of unsubtantiated charges was curious, considering the proximity of the program’s release to the elections.

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Liberal House Veteran Dingell Expects to Keep His Seat

John Dingell

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In an election year when it appears no incumbent is safe, Rep. John Dingell (D-Mich.) is on cruise control. He even pooh-poohs the latest poll showing him 4 points behind his newcomer challenger, Rob Steele. Dingell is the longest serving member of the House and, at age 84, sports a Freedom Index rating of just 5 out of 100.

Representing a district near Detroit with a strong union influence, Dingell has usually won reelection with more than 60 percent of the vote. And he could be reelected again, except for a few troubling details. Michigan’s unemployment rate is the second-highest in the country, he voted for much of the Obama agenda including ObamaCare, and many this year consider “incumbent” a four-letter word.

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GM Caught in a Lie, Still Owes U.S. Billions

The New GM (Government Motors) Proudly Introdu...

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Daniel Akerson, the new CEO of General Motors, said last week that the rate of payback of U.S. government bailout monies “will be determined by GM’s performance over the next several years. It would be ‘unrealistic’ to pay the government back all at once.”

He added, “We want the government out. Period. We don’t want to be known as Government Motors…It’s a goal of this company to return that (federal money). [However] I don’t think that’s going to be [done] in one fell swoop. I think that’s unrealistic.”

This was a much different message from that delivered by his predecessor, GM CEO Ed Whitacre, back in March when he announced in a series of TV ads:

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Obama Needs Your 401(k) to Balance His Budget

Jim McDermott

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The Obama administration is “taking the first steps to confiscate retirement dollars,” according to Dr. Jerome Corsi who predicts that the end result will be retirees with 401(k) plans holding near-worthless government debt “that will be paid off in a devalued currency worth…pennies on the dollar.”

The move to confiscate those retirement dollars for government purposes was best illustrated by Christina Kirchner, President of Argentina, in 2008 when she announced plans to seize her citizens’ private pension funds.

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Geithner: Welcome to Reality

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Claims that “we are on a path back to growth” by Treasury Secretary Timothy Geithner in an op-ed in the New York Times entitled “Welcome to Recovery” appeared to be based on facts, proof, and hard evidence.

“A review of recent data on the American economy…show that large parts of the private sector continue to strengthen,” he said. “Business investment and consumption…are getting stronger, better than last year and better than last quarter.” According to Geithner, evidence of growth can be seen because

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Can ObamaCare Be Repealed, Nullified?

Repeal ObamaCare

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U.S. Representative Michele Bachmann (R-Minn.), who has earned a “Freedom Index” rating of 90 percent in the current Congress to date, has introduced a bill in the House to repeal ObamaCare. In her press release, Bachmann reminded her constituents that “the government already owns or controls about one-third of U.S. economic activity through the takeover of General Motors, the bankruptcy reorganizations of Chrysler, the partial ownership of two of the country’s largest banks in Bank of America and Citigroup, and the seizure of mortgage giants Fannie Mae and Freddie Mac as well as AIG. Taken all together, [with ObamaCare] we’re looking at half of the American economy in the grip of the federal government.” Bachmann said that it “will do nothing to spur economic growth … [but] will serve only as an obstacle to actual recovery and smother the spirit of innovation and freedoms that made this country great.”

Her bill is simplicity itself:

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Citigroup Bailout Retrospective

Citigroup

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In the announcement that the U.S.Treasury was likely to make a profit selling its stock in Citigroup, much was made about the great returns that sale would generate, and very little was said about how it all happened in the first place.

The potential profit was estimated to be about $7.5 billion assuming that the price of Citigroup’s stock stays at its current level through the end of the year. The article joyfully announced that “it’s a 14 percent rate of return on the $165 billion invested in the biggest banks. Hundreds of smaller banks also received [TARP] money and have been paying the government a steady stream of dividends and interest.” Banking analyst Bert Ely said, “Overall, TARP may cost taxpayers money. But the banking part of it is going to be a moneymaker.”

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Toyota—The Jihad Continues

Current (2008) logo for the United States Nati...

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Now that the Department of Transportation is opening a formal investigation into the 2009-2010 Toyota Corolla over possible steering problems while the government is continuing with hearings by the U.S. House Oversight and Government Reform Committee on February 24th, the House Energy and Commerce Committee on February 25th, and by the Senate Commerce, Science and Transportation Committee on March 2nd about Toyota’s “timely” response to braking and accelerator complaints, some are beginning to question “Why?”

More than that, the questions are “Why just Toyota?” and “Why now?”  Some are asking “Is there something else going on here?”

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Toyota Under Fire

DALY CITY, CA - FEBRUARY 03:  The Toyota logo ...

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The unrelenting attacks on Toyota are a metaphor for similar attacks on the free-market economy by its detractors.

Up until August, 2009, Toyota had become the premier automobile manufacturer in the world. Through its “relentless pursuit of perfection” (Toyota’s Lexus brand’s marketing slogan), Toyota enjoyed increasing sales and profitability through its successful efforts to serve its customers better than its competition.

In August, a horrendous car crash involving a family driving a Lexus automobile killed the driver, Mark Saylor, a California Highway Patrol officer, his wife and daughter, and his brother-in-law. A recording of a passenger’s frantic 911 call, lasting 52 seconds, was broadcast throughout the media and pushed Toyota into the unwelcome and unaccustomed spotlight of negative public attention. That attention continues today.

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Yemen: Intervention, Nation-building, and the Constitution

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When Rep. Ron Paul (R-Texas) vented his frustration at further involvement by the United States in foreign countries despite constitutional limitations against such involvement, he declared:  “Stay out of Yemen!” Unfortunately, almost no one is listening.

Yemen is located on the southern tip of the Arabian Peninsula, bordered by Saudi Arabia on the north, the Red Sea on the west, the Gulf of Aden on the south, and Oman on the east. It is one of the poorest countries in the world, with unemployment exceeding 40 percent and the average citizen living on less than $1.25 a day. Its history is a running sore of intervention by outside influences and internal civil wars. It could be a vital, prosperous country by dint of its strategic location alone. Instead, it is best known for internal political corruption and increasing dependence upon foreign aid.

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Frank Luntz Filters Gun Owners

Frank Luntz

In Monday’s editorial, the New York Times reported the results of a Frank Luntz poll indicating that NRA members are much softer on key issues than the National Rifle Association itself.

Unfortunately, the editorial was rife with filters in the form of hot labels and emotionally-laden words and phrases that immediately impugned the validity of the results of the study.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2021 Bob Adelmann