Posts Tagged ‘General Motors’


Deprecated: Function get_the_author_description is deprecated since version 2.8.0! Use get_the_author_meta('description') instead. in /mnt/stor3-wc2-dfw1/509309/www.mygovcost.org/web/content/wp-includes/functions.php on line 5379

Government Motors Protection Racket


Monday April 7th, 2014   •   Posted by K. Lloyd Billingsley at 7:05am PDT   •   1 Comment

General Motors knew about faulty ignition switches that could cause vehicle engines to turn off, disabling air bags with deadly results. Federal government investigators with the National Highway Traffic Safety Administration knew about this problem but as this report notes the NHTSA “twice passed on investigating” the faulty switches that “led to at least…
Read More »

Feds Lose $10.5 Billion on Government Motors


Tuesday December 10th, 2013   •   Posted by K. Lloyd Billingsley at 8:47am PST   •   1 Comment

On December 9, the federal government dumped the rest of its 30 million shares in General Motors, which had become known as Government Motors, for good reason. In 2009, the federal government bailed out the bankrupt automaker to the tune of $49.5 billion and once held 60.8 percent ownership in the company. The loss…
Read More »

Another U.S. Government “Green” Corporate-Welfare Failure, This Time via Finland


Saturday December 31st, 2011   •   Posted by David Theroux at 6:39pm PST   •   9 Comments

Christopher Jensen reports in the New York Times on yet another disaster from the massive U.S. corporate-welfare (i.e., pork) for “green” cars, this time luxury vehicles for the uber-rich: Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the…
Read More »

Washington Post: Government Subsidies for Electric Cars Are Corporate Welfare


Tuesday November 2nd, 2010   •   Posted by David Theroux at 2:02am PDT   •   0 Comments

In a new article in the Washington Post, “Obama’s electric-car cult,” Charles Lane reveals how the massive subsidies for electric cars by the federal government “serve no particular purpose, environmental or economic”. The article cites: [A] new, 72-page report by J.D. Power and Associates, “Drive Green: The Global Automotive Industry Outlook” that confirmed, in…
Read More »

Private Investment vs. Government Spending in the Recession


Sunday September 26th, 2010   •   Posted by David Theroux at 5:58am PDT   •   1 Comment

Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
Read More »

Government Motors CEO Receives $9 Million Pay Package


Saturday September 11th, 2010   •   Posted by David Theroux at 1:57am PDT   •   2 Comments

The Associated Press reports that having received a $50 billion bailout in corporate welfare from the U.S. government, General Motors Corporation (GM) is giving its new CEO Daniel Akerson a $9-million pay package, the same deal received by his predecessor Edward Whitacre. Akerson is the fourth CEO in less than two years at Government…
Read More »

Facebook Twitter Youtube

Search MyGovCost