Watch this video. It's a parody on Obama's Government Motors Volt. GM’s 2012 sales projections for the Volt claimed they would sell 60,000 cars. Ooops, that number has been dropped down to 45,000, and that is extremely aggressive based on current sales and ongoing problems with the Volt.
But here comes GE, a company run by Obama Jobs Czar Jeffry Immelt, to the rescue. GE is well known for its questionable federal income tax rate in 2010, which was ZERO.
And now GE is reportedly “persuading” a substantial number of GE employees to drive the Chevy Volt by replacing the company cars in its fleet with the “green” Volt. The company is also paying for the installation of charging stations at the homes of those employees who will be driving the car and is even paying for the electricity used to charge them. If the employee chooses not to drive a Volt from the company’s fleet, and instead wants to drive their own, GE is no longer going to reimburse them for travel costs.
It appears that Chevy dealerships selling the Volt to government agencies and non-profits will also be able to claim the $7500 tax credit meant for individual consumers. Yes, that means the dealers pocket the tax credit. Taxpayers gave GM billions of dollars to develop the VOLT. We also gave money to companies that created the burning battery technology used in the Volt. And now dealers are taking the rebates meant for consumers. Anyone else burning up over this double and triple dipping? Oh, that’s right, the main thing burning up is the Volt.
I’m waiting to see G.E. CEO Immelt and all GE executives driving their Volts, leading by example. I’ll probably have a long wait. I suspect they value their families and their homes more than they value the Volt.
The TRIAD of Cronyism equals Obama, GM and GE. Obama gives both companies our money. GM is forced to use our money to develop a car that burns up and the public doesn't want. GE uses our money to build Volt charging systems, which don’t sell because the public doesn’t want the car.
And then GE uses our money to buy Volts from GM to force the sales numbers up to fool the entire country into believing the public actually wants a car that gets 30 miles to a charge, starts on fire and ends up a smoldering pile of melted batteries, wires and garages. But GE finally gets to sell some charging systems paid for by us and GM sells more Volts paid for by us. Throughout this maize of fraud, GE pays zero corporate income taxes. What a great system.
Showing posts with label Chevy Volt. Show all posts
Showing posts with label Chevy Volt. Show all posts
Sunday, February 26, 2012
Thursday, September 29, 2011
CHOP STICKS, FORTUNE COOKIES & GOVERNMENT MOTORS
Yesterday the Detroit News caught the GM CEO admitting that Government Motors Chevy Volt could be built in China within a few years. But wait, just two weeks ago when Senator Stabenow voiced concerns about the Chinese gaining access to the Government Motors-developed green motor technology, GM said oh, don't be concerned, GM has no plans to build the Volt in China. So which of the CEO's statements are true? Good question.
But here's the real reason GM wants to build the Volt in China. China has a $19,000 per car subsidy for the buyer of electric vehicles, but China is refusing to apply the subsidy to electric car sales when the car is not made in China. In short, GM's imported Volt will cost $19,000 more than if it were built in China. But this is a flagrant World Trade Organization violation and is against China's own rules. Oh, those Chinese, they are just so clever, thumbing their noses at the WTO and at GM.
What else does China get from the "deal?" They get GM's Volt technology and trade secrets. The Chinese have a law that demands the transfer of "intellectual property," meaning "technology," to China in return for the use of Chinese labor to manufacture a product. This Chinese law does not apply to cars imported from the U.S that are not made in China, but China is ignoring their own rules and is treating the imported Volt the same as a made-in-China Volt. For GM to be allowed to build a China Volt factory GM must turn over to China electric vehicle technology that the U.S. developed and the tax payer paid for. This is also a WTO violation. China is licking their chops over this little tidbit because China's green vehicle technology is lagging far behind ours.
What has the "jobs" President done about this? Nothing. He is afraid of going to the WTO with a complaint against China on these two issues, though that's exactly the type of issue the WTO should address. Instead, he has agreed to let GM move electric car development to China. Oh, yes, he really cares about creating and keeping jobs in the U.S.
Where is the UAW on this? Who knows. They own a large part of GM. You'd expect the UAW members to be throwing a tantrum. Many of them will most likely lose their jobs when the Volt is only built in China within the next few years. But union management appears to be mum on the subject. They must not care when the Volt Made In America label becomes the Volt Made In China label. Union members, you've been had. You think the unemployment rate in the auto industry is high now? Just wait a couple of years. Better start training now for a different job because yours will be gone.
This is a great example of the lack of leadership in the Obama administration, the "pass-this-bill-now" jobs guy.
One other morsel of information I discovered while researching this subject. Shanghai is the site of GM's international headquarters. I understand that GM is a huge international company. But when Obama bailed them out and then put them into bankruptcy, did anyone see any bail-out save-the-company funds coming from China? What exactly did the U.S. taxpayer "save?" A huge international company with headquarters in Shanghai.
Welcome to the world of government stupidity.
But here's the real reason GM wants to build the Volt in China. China has a $19,000 per car subsidy for the buyer of electric vehicles, but China is refusing to apply the subsidy to electric car sales when the car is not made in China. In short, GM's imported Volt will cost $19,000 more than if it were built in China. But this is a flagrant World Trade Organization violation and is against China's own rules. Oh, those Chinese, they are just so clever, thumbing their noses at the WTO and at GM.
What else does China get from the "deal?" They get GM's Volt technology and trade secrets. The Chinese have a law that demands the transfer of "intellectual property," meaning "technology," to China in return for the use of Chinese labor to manufacture a product. This Chinese law does not apply to cars imported from the U.S that are not made in China, but China is ignoring their own rules and is treating the imported Volt the same as a made-in-China Volt. For GM to be allowed to build a China Volt factory GM must turn over to China electric vehicle technology that the U.S. developed and the tax payer paid for. This is also a WTO violation. China is licking their chops over this little tidbit because China's green vehicle technology is lagging far behind ours.
What has the "jobs" President done about this? Nothing. He is afraid of going to the WTO with a complaint against China on these two issues, though that's exactly the type of issue the WTO should address. Instead, he has agreed to let GM move electric car development to China. Oh, yes, he really cares about creating and keeping jobs in the U.S.
Where is the UAW on this? Who knows. They own a large part of GM. You'd expect the UAW members to be throwing a tantrum. Many of them will most likely lose their jobs when the Volt is only built in China within the next few years. But union management appears to be mum on the subject. They must not care when the Volt Made In America label becomes the Volt Made In China label. Union members, you've been had. You think the unemployment rate in the auto industry is high now? Just wait a couple of years. Better start training now for a different job because yours will be gone.
This is a great example of the lack of leadership in the Obama administration, the "pass-this-bill-now" jobs guy.
One other morsel of information I discovered while researching this subject. Shanghai is the site of GM's international headquarters. I understand that GM is a huge international company. But when Obama bailed them out and then put them into bankruptcy, did anyone see any bail-out save-the-company funds coming from China? What exactly did the U.S. taxpayer "save?" A huge international company with headquarters in Shanghai.
Welcome to the world of government stupidity.
Monday, September 5, 2011
GREAT BIG JOBS GOOSE EGG
Today in Detroit, MI, Teamsters President Jimmy Hoffa, Jr. had some profane, combative words for Republicans and Tea Partiers while warming up the crowd for Obama’s “Let’s Put America Back To Work” speech.
"We got to keep an eye on the battle that we face: The war on workers. And you see it everywhere, it is the Tea Party. And you know there is only one way to beat and win that war. The one thing about working people is we like a good fight. And you know what? They've got a war, they got a war with us and there's only going to be one winner. It's going to be the workers of Michigan, and America. We're going to win that war," Jimmy Hoffa Jr. told a heavily union crowd.
"President Obama, this is your army. We are ready to march. Let's take these sons of bitches out and give America back to an America where we belong," Hoffa added.
And then it was Obama’s turn to address the crowd. And when he took the stage he said he was "proud" of Jimmy Hoffa and other labor leaders. Obama didn’t chastise Hoffa for his inflammatory “fightin’ words.” He didn’t tell him to speak more peacefully, to stop the threats and name calling, to end the political posturing. No, Obama went on to use the same tactics to denigrate Tea Partiers and the Republicans. Today Obama spoke not to Americans but to Labor Unions and workers. Barack Obama sees America as the United States of Unions, not the United States of America. Hoffa and Obama, take note. Union workers are not the ONLY workers in America. In fact, there are more non-union workers than union workers. Get it?
There is a certain irony in Obama speaking on Labor Day to Labor Unions about jobs creation when his policies created NO jobs last month and his big picture job creation policies are a big fat Goose Egg.
I listened to Obama today, something I seldom do because his empty promises and lies disgust me, but today I did listen closely to get a glimpse of what his great “Jobs Plan,” set to be announced in full later this week, will be. Know what I heard him say today?
First, I heard him imply that the unemployment rate is the fault of the Tea Party Congress and the Republicans. HUH?
Then I heard The Boy Wonder chastise Republicans for “taxpayer bailouts.” He said “no more taxpayer bailouts.” He must have forgotten who approved all of the other Taxpayer Bailouts. What a short memory.
I heard Him say he will “end wasteful giveaways to big banks.” Really? Who doubled down on “giveaways” after he took office?
He also touted the cars coming out of Detroit saying “American auto workers could build the best cars in the world.” Oh, he must mean the government mandated Chevy Volt, the electric car that no one wants (GM sold 125 in July), the car that costs up to $45,000 but needs a $7500 tax credit (plus other state and city incentives) to entice Americans to purchase this tin can death trap. The car that travels 25-50 miles on a charge, has no charging stations where you can recharge it, since Costco just closed the charging stations they installed 2 years ago due to lack of use. He must be talking about this amazing American car.
And then PBO said, “I am fighting for a chance to give our kids a better life than we had.” How ignorant of him. He must not understand simple economics. Too much debt equals bankruptcy and financial failure. Give our kids a better life? Not under Obama’s watch. But a bigger debt? Well, Happy Birthday kiddies, here’s your present. Hope you get it paid for in your lifetime.
Obama said he doesn’t like “favoritism, and we need the same set of rules from Wall Street to Main St.” Does that mean he is giving up on back room deals in the wee hours of the morning to buy votes for his pet projects? Remember Obamacare? All of the promises he made to companies and legislators to get the bill passed, but now he’s issued thousands of “waivers” to select companies and MOST unions, stating they do not need to comply with this behemoth of a bill. Is this what he means by “favoritism?” And what about The Dream Act? It was rejected by both parties in Congress, but now Obama has figured out a way around Congress and is giving Amnesty to millions of illegal immigrants. “Favoritism? “ I think so. And what about Cap and Trade, which was also turned down by Congress? Well, Obama’s EPA is now regulating coal so heavily that 10% of existing coal fired plants will be forced out of business within a few years. Remember when Candidate Obama said “under my administration energy bills will necessarily have to skyrocket?” No oil drilling on our shores? Halted oil drilling in our waters? Economic disaster? No jobs? How is any of this Fair?
Black favoritism? How about when the DOJ refused to prosecute Black Panthers on voter intimidation charges when the DOJ had video proof of the incident?
Maybe the first elected Black President thinks its “Fair” that the unemployment rate for Black Americans is the highest it’s been in 27 years, far higher than the rate for other segments of American society.
The worst example of Obama fairness? How about the torrent of new regulations unleashed by this Administration? Since taking office in January 2009 Obama and his appointed henchmen have imposed 75 new MAJOR regulations, with additional costs exceeding $40 billion annually. No other President has ever burdened businesses, individuals and our economy with a higher number and larger cost of regulations in a comparable period.
And a great many more new rules and regulations are looming. The spring 2011 Unified Agenda lists 2,785 rules (proposed and final) in the pipeline. Of those, 144 are classified as “economically significant.” With each of the 144 pending major rules expected to cost at least $100 million annually, they represent at least $14 billion in new burdens each year. This is the biggest reason the job growth rate last month was ZERO. Oh, fairness, how sweet it is.
And the most egregious thing he stated? He said “Democrats and Republicans worked together to give families a tax cut that is going to expire soon.” I believe he’s referring to the extension of the Bush tax rates that were renewed last year. But how short is his attention span? The Republicans were in favor of extending the Bush tax rates and Obama and the Dems didn’t want to do it. Remember the huge battle in Washington to get it done and the Democrats had to be dragged kicking and screaming to the table? Now Obamaliar is taking credit for “working together” in giving families a tax cut. And I can’t figure out whether this colossal idiot really believes his own lies or is just too stupid to know what he says is nuts.
Take a good look, America, it’s pretty evident the 2012 OBama campaign will consist of viciousness, name calling, threats, thuggery, lies and the “it’s not my fault, Bush is to blame.” Or better yet, “Congress and the Republicans are to blame.” He surely cannot run on his record of job growth, spending, lowering unemployment, economic growth, Obamacare, fixing the housing mess or uniting America. When a president has failed so miserably on so many fronts, all he has left is name calling, mud slinging and finger pointing.
The Obama job creation proposal this week will consist of the same pathetic plan – spend more money, run up more debt, tax the rich. He’s already flushed 80 billion stimulus dollars down the drain with ZERO jobs created. His “tax the rich” mantra is simply taking money already in circulation and redistributing it. He should face it! He has no solution. Government is NEVER the answer. Government is NEVER the solution. More stimulus = more zero jobs created. Remember, in return for adding nearly $3 trillion in federal debt in two years, we still have 14.9 million unemployed Americans, millions more if you count the underemployed and those no longer looking for work.
But I have a suggestion. Obama, are you listening? There is a great deal you and Congress can do to alleviate the job-killing consequences of excessive regulation, and the need for action is now. Remove EVERY regulation all governmental bodies have enacted in the last 8 years. Simply get rid of them, declare them not on the books. You know the power of the Executive Order, since you use it willy nilly. You can wave that magic EO wand and declare them Gone.
Then get out of the way and watch private industry, large and small businesses and Americans take off and save this economy.
"We got to keep an eye on the battle that we face: The war on workers. And you see it everywhere, it is the Tea Party. And you know there is only one way to beat and win that war. The one thing about working people is we like a good fight. And you know what? They've got a war, they got a war with us and there's only going to be one winner. It's going to be the workers of Michigan, and America. We're going to win that war," Jimmy Hoffa Jr. told a heavily union crowd.
"President Obama, this is your army. We are ready to march. Let's take these sons of bitches out and give America back to an America where we belong," Hoffa added.
And then it was Obama’s turn to address the crowd. And when he took the stage he said he was "proud" of Jimmy Hoffa and other labor leaders. Obama didn’t chastise Hoffa for his inflammatory “fightin’ words.” He didn’t tell him to speak more peacefully, to stop the threats and name calling, to end the political posturing. No, Obama went on to use the same tactics to denigrate Tea Partiers and the Republicans. Today Obama spoke not to Americans but to Labor Unions and workers. Barack Obama sees America as the United States of Unions, not the United States of America. Hoffa and Obama, take note. Union workers are not the ONLY workers in America. In fact, there are more non-union workers than union workers. Get it?
There is a certain irony in Obama speaking on Labor Day to Labor Unions about jobs creation when his policies created NO jobs last month and his big picture job creation policies are a big fat Goose Egg.
I listened to Obama today, something I seldom do because his empty promises and lies disgust me, but today I did listen closely to get a glimpse of what his great “Jobs Plan,” set to be announced in full later this week, will be. Know what I heard him say today?
First, I heard him imply that the unemployment rate is the fault of the Tea Party Congress and the Republicans. HUH?
Then I heard The Boy Wonder chastise Republicans for “taxpayer bailouts.” He said “no more taxpayer bailouts.” He must have forgotten who approved all of the other Taxpayer Bailouts. What a short memory.
I heard Him say he will “end wasteful giveaways to big banks.” Really? Who doubled down on “giveaways” after he took office?
He also touted the cars coming out of Detroit saying “American auto workers could build the best cars in the world.” Oh, he must mean the government mandated Chevy Volt, the electric car that no one wants (GM sold 125 in July), the car that costs up to $45,000 but needs a $7500 tax credit (plus other state and city incentives) to entice Americans to purchase this tin can death trap. The car that travels 25-50 miles on a charge, has no charging stations where you can recharge it, since Costco just closed the charging stations they installed 2 years ago due to lack of use. He must be talking about this amazing American car.
And then PBO said, “I am fighting for a chance to give our kids a better life than we had.” How ignorant of him. He must not understand simple economics. Too much debt equals bankruptcy and financial failure. Give our kids a better life? Not under Obama’s watch. But a bigger debt? Well, Happy Birthday kiddies, here’s your present. Hope you get it paid for in your lifetime.
Obama said he doesn’t like “favoritism, and we need the same set of rules from Wall Street to Main St.” Does that mean he is giving up on back room deals in the wee hours of the morning to buy votes for his pet projects? Remember Obamacare? All of the promises he made to companies and legislators to get the bill passed, but now he’s issued thousands of “waivers” to select companies and MOST unions, stating they do not need to comply with this behemoth of a bill. Is this what he means by “favoritism?” And what about The Dream Act? It was rejected by both parties in Congress, but now Obama has figured out a way around Congress and is giving Amnesty to millions of illegal immigrants. “Favoritism? “ I think so. And what about Cap and Trade, which was also turned down by Congress? Well, Obama’s EPA is now regulating coal so heavily that 10% of existing coal fired plants will be forced out of business within a few years. Remember when Candidate Obama said “under my administration energy bills will necessarily have to skyrocket?” No oil drilling on our shores? Halted oil drilling in our waters? Economic disaster? No jobs? How is any of this Fair?
Black favoritism? How about when the DOJ refused to prosecute Black Panthers on voter intimidation charges when the DOJ had video proof of the incident?
Maybe the first elected Black President thinks its “Fair” that the unemployment rate for Black Americans is the highest it’s been in 27 years, far higher than the rate for other segments of American society.
The worst example of Obama fairness? How about the torrent of new regulations unleashed by this Administration? Since taking office in January 2009 Obama and his appointed henchmen have imposed 75 new MAJOR regulations, with additional costs exceeding $40 billion annually. No other President has ever burdened businesses, individuals and our economy with a higher number and larger cost of regulations in a comparable period.
And a great many more new rules and regulations are looming. The spring 2011 Unified Agenda lists 2,785 rules (proposed and final) in the pipeline. Of those, 144 are classified as “economically significant.” With each of the 144 pending major rules expected to cost at least $100 million annually, they represent at least $14 billion in new burdens each year. This is the biggest reason the job growth rate last month was ZERO. Oh, fairness, how sweet it is.
And the most egregious thing he stated? He said “Democrats and Republicans worked together to give families a tax cut that is going to expire soon.” I believe he’s referring to the extension of the Bush tax rates that were renewed last year. But how short is his attention span? The Republicans were in favor of extending the Bush tax rates and Obama and the Dems didn’t want to do it. Remember the huge battle in Washington to get it done and the Democrats had to be dragged kicking and screaming to the table? Now Obamaliar is taking credit for “working together” in giving families a tax cut. And I can’t figure out whether this colossal idiot really believes his own lies or is just too stupid to know what he says is nuts.
Take a good look, America, it’s pretty evident the 2012 OBama campaign will consist of viciousness, name calling, threats, thuggery, lies and the “it’s not my fault, Bush is to blame.” Or better yet, “Congress and the Republicans are to blame.” He surely cannot run on his record of job growth, spending, lowering unemployment, economic growth, Obamacare, fixing the housing mess or uniting America. When a president has failed so miserably on so many fronts, all he has left is name calling, mud slinging and finger pointing.
The Obama job creation proposal this week will consist of the same pathetic plan – spend more money, run up more debt, tax the rich. He’s already flushed 80 billion stimulus dollars down the drain with ZERO jobs created. His “tax the rich” mantra is simply taking money already in circulation and redistributing it. He should face it! He has no solution. Government is NEVER the answer. Government is NEVER the solution. More stimulus = more zero jobs created. Remember, in return for adding nearly $3 trillion in federal debt in two years, we still have 14.9 million unemployed Americans, millions more if you count the underemployed and those no longer looking for work.
But I have a suggestion. Obama, are you listening? There is a great deal you and Congress can do to alleviate the job-killing consequences of excessive regulation, and the need for action is now. Remove EVERY regulation all governmental bodies have enacted in the last 8 years. Simply get rid of them, declare them not on the books. You know the power of the Executive Order, since you use it willy nilly. You can wave that magic EO wand and declare them Gone.
Then get out of the way and watch private industry, large and small businesses and Americans take off and save this economy.
Subscribe to:
Posts (Atom)