GM Suspends Dividend, Stock Buyback Program To Preserve Cash
Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts
Tuesday, April 28, 2020
Tuesday, July 22, 2014
Rockford Rides On
It was just back in April I noted an interesting story in celebration of the 40th anniversary of the gold 1974 Pontiac Firebird Esprit featured in televisions hit show, The Rockford Files. James Garner played Jim Rockford, a likeable down on his luck private investigator.
Sadly, over the weekend, we learned of the death of James Garner, who among other stellar roles, was well known for his portrayal of private investigator Jim Rockford in NBC's The Rockford Files.
Garner, tall and handsome, player the role brilliantly, in many ways acting like himself.
Garner, also well known for his Maverick role, was much more than a heartthrob actor. He was a war hero, winning a purple heart in the Korean War. Garner was sadly described as a lifelong Democrat, was a very good golfer, playing in many pro-am tournaments and was heavily involved in auto racing, owning LeMans teams and driving the pace car for the Indianapolis 500 on several occasions. He was also an Oklahoma Roughneck, cheering the Sooners on each fall Saturday.
I did meet him very briefly back in the early eighties at a golf function, and he seemed larger than life at the time. Certainly, we enjoyed his work, are grateful for his service to our great nation, and will miss him.
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| James Garner in 74 Pontiac Firebird/Photos GM Acdhives |
Garner, tall and handsome, player the role brilliantly, in many ways acting like himself.
Garner, also well known for his Maverick role, was much more than a heartthrob actor. He was a war hero, winning a purple heart in the Korean War. Garner was sadly described as a lifelong Democrat, was a very good golfer, playing in many pro-am tournaments and was heavily involved in auto racing, owning LeMans teams and driving the pace car for the Indianapolis 500 on several occasions. He was also an Oklahoma Roughneck, cheering the Sooners on each fall Saturday.
I did meet him very briefly back in the early eighties at a golf function, and he seemed larger than life at the time. Certainly, we enjoyed his work, are grateful for his service to our great nation, and will miss him.
Thursday, June 19, 2014
Hail To The Redskins
The fact that the world is on fire matters not to a powerful ruling class, who know they are on the verge of major gains in their attempt to turn America into a tyrannical oligarchy. The scandals, are not really scandals, as they are a means to an end to crash the system as defined through the Cloward and Piven strategy.
You would think our President would be spending most waking moments dealing with the potential loss of Iraq, and the consequences there of. No, he is golfing, and fundraising, and amidst all the chaos, has escalated his effort to transform America.
Case in point; the ruling yesterday by the US Patent Office, without question at the direction of President Obama, cancelling the trademarks of the Washington Redskins of the National Football League. The Redskins, who have their own fight song, are among the most established, traditional and lucrative brands around.
Shall we back up and follow the trail, Indian style, on how this orchestrated event came to pass. Make no mistake; it is on the command of the Obama regime.
Late last fall, as reported by The New York Times, President Obama weighed in claiming "legitimate concerns over Redskins name". TheTimes noted that in response to a letter presented by 10 congressional members that NFL Commissioner Roger Goodell wrote back saying the Redskins name was “a unifying force that stands for strength, courage, pride and respect.”
A month or so ago, 49 members of the US Senate, all Democrats, wrote the Roeger Goodell urging the league to endorse the change of the Redskins' name. Democrat Florida Senator Bill Nelson, who as far as I know has not lifter finger to earn the release of Sgt. Andrew Tahmoorhessi, one of his constituents, from captivity in Mexico, took time to write his own letter as he was unavailable to sign with the other members.
Meanwhile, the 2014 College Football National Champion Florida State Seminoles, although having presented several dates for consideration, have been unsuccessful in the planning the traditional nation champion visit to the White House. As an alumni of Florida State University, I am fine skipping an afternoon with Obama, but the inability for the White House to make this tradition happen, given the attack on the Redskins name, raises the eyeballs.
Last week, again with the middle east on fire, President Obama made a rare presidential visit to an Sioux Indian Reservation in South Dakota, telling those gathered his "administration is determined to partner with tribes".
Then came the bombshell announcement by the patent office, catching most everyone by surprise.
Redskin owner Daniel Snyder, who reportedly contributed to the Romney campaign in 2012, is in the cross hairs of Obama for steadfastly denying any and all request to consider changing the Redskin name.
The ruling was supposed levied due to the Redskin name being viewed as disparaging by some and considered a racial slur of Native Americans. This is quite ridiculous, as Oklahoma means "red people" and I don't hear a peep about changing the name of the Sooner state or universities within the state.
In fact, the Redskin name came from an effort to honor their inaugural head coach, who was Native American. Opponents of the Redskin name are now calling Lone Star Dietz an "impostor", aiming, to discredit and destroy any and all traditions that get in the way of their objective.
Many sportswriters across the nation have jumped on the bandwagon, with some vowing to not use the Redskin name in their work. This includes longtime NFL writer Peter King and The Kansas City Star newspaper.
George Diaz, of the hometown Orlando Sentinel, penned an utterly ridiculous editorial, which clearly exhibited his liberal bias. While he find the Redskin tradition a relic of the past that needs to be buried, although I champion his right to pen it, I found his column offensive.
Forget the Redskins.
If President Obama was so inclined, perhaps buoyed by a small vocal group, perhaps financially compensated, might he direct the patent office to cancel the trademarks of The Coca Cola Company (KO:NYSE) or the McDonalds (MCD:NYSE) corporation because the First Lady finds their product contributes to obesity?
Although a historical hoax, will President Obama, peeved by the nation continuing to buy SUV's, direct the patent office to cancel the trademarks of Ford and General Motors because they continue to make vehicles that, according to the global warming crowd, are significantly contributing to the demise of the world?
Where will one throw anchor on this slippery slope?
Obama is crashing the system in an effort to gain power over the people. Part of the effort is, as Michelle Obama worded it in 2008, "we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."
Will the history or traditional a powerful elitist from the ruling class want to change be one you value?
Before you join in the celebration of the government, on a whim, leveling attack on private property, you may want to think twice, for there may not be anyone around to protect the tradition you hold dear when the deem it inappropriate.
Hail to the Redskins!
You would think our President would be spending most waking moments dealing with the potential loss of Iraq, and the consequences there of. No, he is golfing, and fundraising, and amidst all the chaos, has escalated his effort to transform America.
Case in point; the ruling yesterday by the US Patent Office, without question at the direction of President Obama, cancelling the trademarks of the Washington Redskins of the National Football League. The Redskins, who have their own fight song, are among the most established, traditional and lucrative brands around.
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| Roy Helu, JR. of the Washington Redskins |
Late last fall, as reported by The New York Times, President Obama weighed in claiming "legitimate concerns over Redskins name". TheTimes noted that in response to a letter presented by 10 congressional members that NFL Commissioner Roger Goodell wrote back saying the Redskins name was “a unifying force that stands for strength, courage, pride and respect.”
A month or so ago, 49 members of the US Senate, all Democrats, wrote the Roeger Goodell urging the league to endorse the change of the Redskins' name. Democrat Florida Senator Bill Nelson, who as far as I know has not lifter finger to earn the release of Sgt. Andrew Tahmoorhessi, one of his constituents, from captivity in Mexico, took time to write his own letter as he was unavailable to sign with the other members.
Meanwhile, the 2014 College Football National Champion Florida State Seminoles, although having presented several dates for consideration, have been unsuccessful in the planning the traditional nation champion visit to the White House. As an alumni of Florida State University, I am fine skipping an afternoon with Obama, but the inability for the White House to make this tradition happen, given the attack on the Redskins name, raises the eyeballs.
Last week, again with the middle east on fire, President Obama made a rare presidential visit to an Sioux Indian Reservation in South Dakota, telling those gathered his "administration is determined to partner with tribes".
Then came the bombshell announcement by the patent office, catching most everyone by surprise.
Redskin owner Daniel Snyder, who reportedly contributed to the Romney campaign in 2012, is in the cross hairs of Obama for steadfastly denying any and all request to consider changing the Redskin name.
The ruling was supposed levied due to the Redskin name being viewed as disparaging by some and considered a racial slur of Native Americans. This is quite ridiculous, as Oklahoma means "red people" and I don't hear a peep about changing the name of the Sooner state or universities within the state.
In fact, the Redskin name came from an effort to honor their inaugural head coach, who was Native American. Opponents of the Redskin name are now calling Lone Star Dietz an "impostor", aiming, to discredit and destroy any and all traditions that get in the way of their objective.
Many sportswriters across the nation have jumped on the bandwagon, with some vowing to not use the Redskin name in their work. This includes longtime NFL writer Peter King and The Kansas City Star newspaper.
George Diaz, of the hometown Orlando Sentinel, penned an utterly ridiculous editorial, which clearly exhibited his liberal bias. While he find the Redskin tradition a relic of the past that needs to be buried, although I champion his right to pen it, I found his column offensive.
Forget the Redskins.
If President Obama was so inclined, perhaps buoyed by a small vocal group, perhaps financially compensated, might he direct the patent office to cancel the trademarks of The Coca Cola Company (KO:NYSE) or the McDonalds (MCD:NYSE) corporation because the First Lady finds their product contributes to obesity?
Although a historical hoax, will President Obama, peeved by the nation continuing to buy SUV's, direct the patent office to cancel the trademarks of Ford and General Motors because they continue to make vehicles that, according to the global warming crowd, are significantly contributing to the demise of the world?
Where will one throw anchor on this slippery slope?
Obama is crashing the system in an effort to gain power over the people. Part of the effort is, as Michelle Obama worded it in 2008, "we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."
Will the history or traditional a powerful elitist from the ruling class want to change be one you value?
Before you join in the celebration of the government, on a whim, leveling attack on private property, you may want to think twice, for there may not be anyone around to protect the tradition you hold dear when the deem it inappropriate.
Hail to the Redskins!
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| Robert Griffin III of the Washington Redskins |
Tuesday, June 10, 2014
Penalty Served
Throughout my driving career, I was thrilled to have been fixed firmly in the seat in the camp of General Motors.
Outside of a Jeep Cherokee I purchased in 1992, my garage has been filled with Pontiac Grand Prix GXP's and Chevrolet Trucks. Notwithstanding current recall issues, the GM products I have owned have been outstanding.
However, GM, with deep financial issues as the 2008 financial crisis hit Uncle Sam, the company made decisions which I strongly opposed. There were three main issues that were prominent in my disgust, and they are as follows:
* GM embraced the decision to take government funding, fully understanding the conditions that were associated with the acceptance, which centered around green energy initiatives based on global climate change, which is the greatest hoax of all time.
* GM made the decision to jettison the proud and iconic Pontiac Motor Division. ending production in 2010. The decision was heavily influenced by a young team assembled by President Obama ill-equipped for such consult. These folks, who would not know a Grand Am from a Dodge Dart, had little appreciation for the American muscle car history and were economic imbeciles.
Well, this longtime GM customer is not going to take that lying down.
What little hair I have left remains on fire over the demise of Pontiac. In addition, any company supporting the most destructive President in the history of America must be penalized, and the revenues for that penalty must be financial.
A numerical figure for the penalty I have assessed General Motors is approximately $35,000. It is levied in the form of a 2014 Ford Explorer XLT.
Outside of a Jeep Cherokee I purchased in 1992, my garage has been filled with Pontiac Grand Prix GXP's and Chevrolet Trucks. Notwithstanding current recall issues, the GM products I have owned have been outstanding.
However, GM, with deep financial issues as the 2008 financial crisis hit Uncle Sam, the company made decisions which I strongly opposed. There were three main issues that were prominent in my disgust, and they are as follows:
* GM embraced the decision to take government funding, fully understanding the conditions that were associated with the acceptance, which centered around green energy initiatives based on global climate change, which is the greatest hoax of all time.
* GM made the decision to jettison the proud and iconic Pontiac Motor Division. ending production in 2010. The decision was heavily influenced by a young team assembled by President Obama ill-equipped for such consult. These folks, who would not know a Grand Am from a Dodge Dart, had little appreciation for the American muscle car history and were economic imbeciles.
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| 2009 Pontiac G8 GXP |
* Having put themselves in a poor position, the company had little choice than to play a role as a campaign supporter for President Obama, who was actively plotting against the long term success of the company by forcing the company to meet energy standards that limit the long term profitability of the company. Remember Osama Bin Laden is dead but General Motors is alive?
Well, this longtime GM customer is not going to take that lying down.
What little hair I have left remains on fire over the demise of Pontiac. In addition, any company supporting the most destructive President in the history of America must be penalized, and the revenues for that penalty must be financial.
A numerical figure for the penalty I have assessed General Motors is approximately $35,000. It is levied in the form of a 2014 Ford Explorer XLT.
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| 2014 Ford Explorer XLT |
Wednesday, April 30, 2014
Super Sport G8
General Motors is really in a world of hurt these days.
Troubles for the company became highly visible during the financial crisis of 2008, where obligations the company had, most notably poor union contracts not remotely associated with reality, were "discovered" as unsustainable.
Both George W. Bush and then candidate Barack Obama thought it prudent to offer the company bailout money, which GM gladly took. Once Obama took office, after evaluation, his team orchestrated the making of a new GM and made "recommendations" for the company, which most notably included the elimination of the proud Pontiac Motor Division.
In addition, bailout monies failed to make their way to the appropriated parties as outlined in 200 year contract law, with union partners and political partners reaping cash benefits.
GM, under the "direction" of the administration and viewed by most as "Government Motors" embarked on effort to produce high mileage low powered cars which were beneficial to environmental concerns.
In recent months sales are reported to have been slightly increasing. However, as reported by ZeroHedge, reported actual sales "were largely irrelevant" due to channel stuffing of inventories with 805,769 units in inventory at months end in February of 2014.
Issues surrounding a faulty ignition switch has resulted in massive recalls and has company executives testifying before Congress. While the issue not restrictive to just one model, the Chevrolet Cruze appears to have, by far, the most noted cases, with tens of deaths having been reported.
In anticipation of a barrage of lawsuits as a result of the ignition defects, because the sales of most of the affected models took place before GM's 2009 bankruptcy, the company has filed a motion in US Court to bar lawsuits on pre-bankruptcy sales.
Shares of General Motors, GM:NYSE, closed at $34.48 per share, down almost 20% from its 52 week high achieved in mid December.
I have owned GM products all my life, and have been very pleased with the products, which were generally Pontiac cars and Chevrolet trucks. However, due primarily to the government takeover of GM, using bailout money and terminating the Pontiac Motor Division, I have opened up my candidates for a new vehicle outside of GM.
From an SUV perspective, I am looking at the Ford Explorer Limited. With respect to a four door sedan, without Pontiac, the door has been kicked wide open. Previously, the Pontiac G8 GXP would have been the choice.
However, it looks like Pontiac G8 lives on in the form of the Chevrolet SS. The SS debuted in 2014 to much fanfare, filling a need for a four door performance sedan Chevrolet has been missing for decades. Lets check a review to see how they did:
It is not a Pontiac, but the reviews for the Super Sport Chevrolet cousin to the Pontiac G8 have been outstanding. Not as flashy as its Pontiac predecessor, the performance and handling, a longtime Pontiac wide track feature, exceed expectations. In addition, the interior in really impressive.
The SS does seem pricey, but vehicle inflation is in full swing, and when a comparable analysis is performed, it actually is a heck of a vehicle for the price, which is about $45K.
The price includes a gas guzzler tax, implemented by the Obama administration. Eat my exhaust!
A few reviewers wondered why Chevrolet left the acclaimed Magnetic Ride Control system off the 2014 SS, but indications are it will on the 2015 models.
In keeping in the Pontiac family, it looks like an SS will be in my very near future.
Troubles for the company became highly visible during the financial crisis of 2008, where obligations the company had, most notably poor union contracts not remotely associated with reality, were "discovered" as unsustainable.Both George W. Bush and then candidate Barack Obama thought it prudent to offer the company bailout money, which GM gladly took. Once Obama took office, after evaluation, his team orchestrated the making of a new GM and made "recommendations" for the company, which most notably included the elimination of the proud Pontiac Motor Division.
In addition, bailout monies failed to make their way to the appropriated parties as outlined in 200 year contract law, with union partners and political partners reaping cash benefits.
GM, under the "direction" of the administration and viewed by most as "Government Motors" embarked on effort to produce high mileage low powered cars which were beneficial to environmental concerns.
In recent months sales are reported to have been slightly increasing. However, as reported by ZeroHedge, reported actual sales "were largely irrelevant" due to channel stuffing of inventories with 805,769 units in inventory at months end in February of 2014.
Issues surrounding a faulty ignition switch has resulted in massive recalls and has company executives testifying before Congress. While the issue not restrictive to just one model, the Chevrolet Cruze appears to have, by far, the most noted cases, with tens of deaths having been reported.
In anticipation of a barrage of lawsuits as a result of the ignition defects, because the sales of most of the affected models took place before GM's 2009 bankruptcy, the company has filed a motion in US Court to bar lawsuits on pre-bankruptcy sales.
Shares of General Motors, GM:NYSE, closed at $34.48 per share, down almost 20% from its 52 week high achieved in mid December.
I have owned GM products all my life, and have been very pleased with the products, which were generally Pontiac cars and Chevrolet trucks. However, due primarily to the government takeover of GM, using bailout money and terminating the Pontiac Motor Division, I have opened up my candidates for a new vehicle outside of GM.
From an SUV perspective, I am looking at the Ford Explorer Limited. With respect to a four door sedan, without Pontiac, the door has been kicked wide open. Previously, the Pontiac G8 GXP would have been the choice.
However, it looks like Pontiac G8 lives on in the form of the Chevrolet SS. The SS debuted in 2014 to much fanfare, filling a need for a four door performance sedan Chevrolet has been missing for decades. Lets check a review to see how they did:
It is not a Pontiac, but the reviews for the Super Sport Chevrolet cousin to the Pontiac G8 have been outstanding. Not as flashy as its Pontiac predecessor, the performance and handling, a longtime Pontiac wide track feature, exceed expectations. In addition, the interior in really impressive.
The SS does seem pricey, but vehicle inflation is in full swing, and when a comparable analysis is performed, it actually is a heck of a vehicle for the price, which is about $45K.
The price includes a gas guzzler tax, implemented by the Obama administration. Eat my exhaust!
A few reviewers wondered why Chevrolet left the acclaimed Magnetic Ride Control system off the 2014 SS, but indications are it will on the 2015 models.
In keeping in the Pontiac family, it looks like an SS will be in my very near future.
Sunday, November 4, 2012
Bailout Bull
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| Pontiac GXP |
But my relationship with GM has soured considerably due to their relationship with President Obama, under whose direction came the closure of the Pontiac division. Obama and GM are joined at the hip with the unions, not the shareholders, the benefactor of the bailout.
Regrettably, it was President Bush who got the ball running on the auto bailout. Chrysler, which took the bailout, is now owned by Fiat. Ford, (F:NYSE), did not accept bailout money and is doing fine.
Under the bailout, President Obama did not follow protocol and left the preferred shareholders with nothing while funneling cash to the unions. Obama's team punished dealerships who were republican donors while keeping open those who donated to Democrats. With GM under foot, Obama forced them to focus on developing vehicles designed to accommodate green energy sources, rather than seeking a profit producing vehicles the market wants.
The auto bailout has become a significant topic of discussion during the campaign, and its very relevant in Michigan and the key swing state of Ohio. Although the facts differ from the rhetoric President Obama has been delivering on the campaign trail, the issue has been favorable to Obama rather than Mitt Romney, whose father George Romney was formerly chairman and president of American Motors Corporation.
Obama touts General Motors (GM:NYSE) as bailed out and saved, but the stock price of GM would have to moue than double for the company to stand on its own with the taxpayers to be made whole.
There are many more troubling facts that those in Ohio, and across the nation, are likely not aware of. Glenn Beck did an outstanding job covering the topic recently on his radio program. This is important, so please take the time to listen in the entirety.
Sadly, the campaign rhetoric Obama is soaring with, on both the fronts of GM being solvent and who is actually shifting jobs to China, is alarmingly false.
On the campaign stump recently, Obama says we know him, and can trust him. Indeed, we know him as a liar on numerous issues and note we can always trust him to be not trustworthy.
Sunday, January 15, 2012
What The Hell Are You Doing?
Obtaining absorption of the weekly news cycle is nothing short of head scratching these days, with all the absolute non sense taking place across the fruited plain. However, it is particularly distressing when it includes folks have been thought to be operating from a common sense perspective. This week, we had three big eye brow raisers, and in response, we quote America's Mayor, Rudy Giuliani; What The Hell Are You Doing?
Hey Newt Gingrich, what the hell are you doing?
Mitt Romney seems to be increasing his foothold on securing the GOP nomination after victories in Iowa and New Hampshire, so in seeming desperate acts, Newt Gingrich unleashed a barrage of attacks on Romney and the action of the firm he helped found, Bain & Company, a venture capitalist firm. While there are several legitimate avenues of attack on Mitt, Gingrich choose to hit Bain and the business practices of venture capitalist firms as evil, job killers and something Americans despise.
Rudy Giuliani, joining Steve Doocy, Alisyn Camerota and Eric Boling on Fox & Friends, is far from amused. Take a listen:
As sad as that is, particularly from "the smartest guy in the room", Texas Governor Rick Perry felt compelled to join in, calling Bain a "vulture" capitalist firm. Come again?
Hey Rick Perry, what the hell are you doing?
Venture capitalist firms like Bain are integral to our capitalist system and free market enterprise. For mid sized firms that are losing their way, venture capitalist firms, typically invited in by shareholders, provide guidance, operational expertise, asset management and capital, generally for a piece of the company in an effort to help the company survive and thrive.
It is a risky venture, with marginal success rates. However, when successful, payoffs can be huge. Not just for the venture capital firm, but for the company, the employees, shareholders and in most cases, the communities which house the business operations. For Bain, companies like Staples, Clear Channel and The Sports Authority are three Bain Capital success stories.
Within 20 miles of my office, these three companies alone employ an estimated 500 people, who need places to live, work and play, which is most beneficial to the economy here in Orlando.
Bain Capital and similar firms should be appreciated for playing a vital role in helping assist in the expansion of commerce, which is vital for a capitalist system to bear fruit. Gingrich and Perry should be well aware of this, and should be called out for taking the approach of the socialist Democrats in railing against capitalism and free markets. I just did.
Hey Mitt Romney, what the hell are you doing?
In the aftermath a big victory in New Hampshire, Mitt Romney gave an outstanding victory speech, hitting all the chords conservatives are longing to hear. If we could trust this is what we would get with a Romney presidency, I think everyone would be on board. We cannot, as the very next day, Romney offered the following:
In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business.
Obama violated countless free market principles in "saving" General Motors and Chrysler, most notably in the shafting the bondholders and closing down of dealerships with ties to the Republican party. The interference in the marketplace by Obama, exhibiting crony capitalism by picking winners and using tax payer funds to benefit friends and campaign supporters, are actions to be strongly condemned, not celebrated. Rush Limbaugh appropriately hammered Romney on his remarks.
Hey Haley Barbour, what the hell are you doing?
I do not know where the "tradition" of pardoning folks after a term in office came from, but I do not find a compelling reason to continue it. Certainly, there would be cases where such an action is warranted, and that is fine. One of the most celebrated cases came with Bill Clinton pardoning Marc Rich, which I find an error.
Unfortunately, this practice is not confined to Democrats. Enter Mississippi Governor Haley Barbour. Barbour has done a very good job as Governor of Mississippi, and was considered a potential GOP presidential candidate. As he concluded his term, he pardons several individuals that need to remain behind bars.
Media outlets have outlined the cases of a handful of these folks, and a Judge has blocked the release of those still incarcerated.
Although Barbour is "very comfortable" in his decision, I am very comfortable in finding him in gross error and condemning his action. Based upon actions such as this, the practice of knee jerk pardoning bus loads of criminals should cease. If these folks cannot do the time, they should not have committed the crime.
Perhaps common sense will re-assert itself this week, but I doubt it.
Hey Newt Gingrich, what the hell are you doing?
Mitt Romney seems to be increasing his foothold on securing the GOP nomination after victories in Iowa and New Hampshire, so in seeming desperate acts, Newt Gingrich unleashed a barrage of attacks on Romney and the action of the firm he helped found, Bain & Company, a venture capitalist firm. While there are several legitimate avenues of attack on Mitt, Gingrich choose to hit Bain and the business practices of venture capitalist firms as evil, job killers and something Americans despise.
Rudy Giuliani, joining Steve Doocy, Alisyn Camerota and Eric Boling on Fox & Friends, is far from amused. Take a listen:
As sad as that is, particularly from "the smartest guy in the room", Texas Governor Rick Perry felt compelled to join in, calling Bain a "vulture" capitalist firm. Come again?
Hey Rick Perry, what the hell are you doing?
Venture capitalist firms like Bain are integral to our capitalist system and free market enterprise. For mid sized firms that are losing their way, venture capitalist firms, typically invited in by shareholders, provide guidance, operational expertise, asset management and capital, generally for a piece of the company in an effort to help the company survive and thrive.
It is a risky venture, with marginal success rates. However, when successful, payoffs can be huge. Not just for the venture capital firm, but for the company, the employees, shareholders and in most cases, the communities which house the business operations. For Bain, companies like Staples, Clear Channel and The Sports Authority are three Bain Capital success stories.
Within 20 miles of my office, these three companies alone employ an estimated 500 people, who need places to live, work and play, which is most beneficial to the economy here in Orlando.
Bain Capital and similar firms should be appreciated for playing a vital role in helping assist in the expansion of commerce, which is vital for a capitalist system to bear fruit. Gingrich and Perry should be well aware of this, and should be called out for taking the approach of the socialist Democrats in railing against capitalism and free markets. I just did.
Hey Mitt Romney, what the hell are you doing?In the aftermath a big victory in New Hampshire, Mitt Romney gave an outstanding victory speech, hitting all the chords conservatives are longing to hear. If we could trust this is what we would get with a Romney presidency, I think everyone would be on board. We cannot, as the very next day, Romney offered the following:
In the general election I’ll be pointing out that the president took the reins at General Motors and Chrysler – closed factories, closed dealerships laid off thousands and thousands of workers – he did it to try to save the business.
Obama violated countless free market principles in "saving" General Motors and Chrysler, most notably in the shafting the bondholders and closing down of dealerships with ties to the Republican party. The interference in the marketplace by Obama, exhibiting crony capitalism by picking winners and using tax payer funds to benefit friends and campaign supporters, are actions to be strongly condemned, not celebrated. Rush Limbaugh appropriately hammered Romney on his remarks.
Hey Haley Barbour, what the hell are you doing?I do not know where the "tradition" of pardoning folks after a term in office came from, but I do not find a compelling reason to continue it. Certainly, there would be cases where such an action is warranted, and that is fine. One of the most celebrated cases came with Bill Clinton pardoning Marc Rich, which I find an error.
Unfortunately, this practice is not confined to Democrats. Enter Mississippi Governor Haley Barbour. Barbour has done a very good job as Governor of Mississippi, and was considered a potential GOP presidential candidate. As he concluded his term, he pardons several individuals that need to remain behind bars.
Media outlets have outlined the cases of a handful of these folks, and a Judge has blocked the release of those still incarcerated.
Although Barbour is "very comfortable" in his decision, I am very comfortable in finding him in gross error and condemning his action. Based upon actions such as this, the practice of knee jerk pardoning bus loads of criminals should cease. If these folks cannot do the time, they should not have committed the crime.
Perhaps common sense will re-assert itself this week, but I doubt it.
Saturday, December 17, 2011
Information Misrepresentation: Obama
Information presented to the Public by various outlets is being crafted to misrepresent reality in an effort to skew political thinking, gain economic advantage and nudge social justice further down the American psyche. This is the second in a series of blog posts detailing instances in this regard, as it is imperative the Public recognize the significant level of misrepresentation and how vast the manipulation is.
President Obama, who one would suspect is extremely busy in efforts to solve the myriad of significant issues our country is presented with, most notably the highest sustained level of unemployment since the Great Depression, continues to find time to display mind boggling levels of arrogance on a variety of media outlets. Last week, in an interview with 60 Minutes, Obama not only mangled the truth in description of the performance of his administration, but stretched his high altitude narcissism to incredulous levels. See the piece below:
In response to 60 Minutes Correspondent Steve Kroft asking about Obama's accomplishments, the President offered the following:
Well, we're not done yet. I've got five more years of stuff to do. But not only saving this country from a great depression. Not only saving the auto industry. But putting in place a system in which we're gonna start lowering health care costs and you're never gonna go bankrupt because you get sick or somebody in your family gets sick. Making sure that we have reformed the financial system, so we never again have taxpayer-funded bailouts, and the system is more stable and secure. Making sure that we've got millions of kids out here who are able to go to college because we've expanded student loans and made college more affordable. Ending Don't Ask, Don't Tell. Decimating al Qaeda, including Bin Laden being taken off the field. Restoring America's respect around the world.
This paragraph presents by itself contains a gold mine of delusional comments. If he has all these things to do, which he apparently was unable to accomplish with both house of Congress in Democratic control, one has to wonder with the country in economic peril why he is not working with a sense of urgency.
Obama did not save the country from a Great Depression. Obama has operated from the playbook of FDR, who sought massive government stimulus and implemented the forceful expansion of federal regulations and confiscatory taxation, his intimidation of "the rich," encouragement of labor strikes, and half-baked policy experiments discouraged employers from hiring workers and provided strong disincentives to new business investment, as Amity Shlaes outlined in her book "The Forgotten Man".
The auto industry is not saved. For Uncle Sam to made whole, GM needs about another $20 per share in stock price, and with the debacle otherwise know as the Chevy Volt, the loss of the iconic and sporty Pontiac brand and lagging new auto sales due to economic fear, prospects for a robust, profitable GM look bleak.
Health Care costs are not declining, and endless other slow creep taxation nuggets found within the Health Care bill increase taxes on the consumer, thus handicapping economic growth. With much of the behemoth legislation to come in 2013, fear of increased costs and taxation are significantly hindering business development and expansion, and of course, we could certainly use those jobs.
The massive financial regulations put forth under Obama, most notably the Dodd-Frank Bill, has been a job killer, and is also a continued failure as evidenced by the goings on of Democrat Jon Corzine, the former Governor and Senator from New Jersey, who as director of now bankrupt MF Global is under federal investigation due to 1.2 million dollars of customer accounts that are missing, or stolen, whichever your prefer.
Higher education is not a right, but a privilege, for those who choose to take that path. It is not for everybody, and is affordable if you find the investment to be a worthy endeavor.
While the Obama administration deserves recognition for continuing the assault on al Qaeda and for killing Osama Bin Laden, our foreign policy is abysmal. To the contrary from Obama's opinion, we are less respected around the world. Pretty please asking Iran for our lost drone back tells the tale, but beyond that we have radical Muslim influence expanding, have alienated our great friend in Israel and have left Iraq open for the Iranians for political expediency.
Obama really enjoys lying by omission to the citizens, and the following comment is a great example:
"And we ended up asking the wealthiest Americans to do a little bit more in terms of taxes. Going back to rates that would still be lower than they were under Ronald Reagan, our deficit problems would be solved. And I could not get Republicans to go ahead and say, "You're right. We're gonna put country ahead of party."
The legislative branch could possibly be welcome to consider tax rates back to where they were under Ronald Reagan if our country were not 15 trillion deeper in debt (5 trillion and counting under Obama's watch) and bordering a depression with our economic engine stagflating at best. In oppostion to Obama's America, Uncle Sam after three years of Reagan was beaming with optimism as we embarked on a 25 year bull market which Reagan let fire on.
Obama is masterful at making straw man arguments, the following is another great example:
"A balanced approach means exactly what it says. It means it's balanced." I would love to see tax reform. And if we can get a commitment from the Republicans that they want to work on a serious tax reform package that makes sure that the wealthiest Americans are paying their fair share, that is simplifying the tax code, that is lowering rates, but by broadening the base, that's something I'm all for. It's part of my plan. But what we haven't seen is any serious movement on the other side."
Not only did the Simpson-Bowles Commission, a bipartisan committed formed by Obama to offer productive recommendations, have their findings ignored by Obama, several Republican offerings, most notably the plan put forth by Rep. Paul Ryan, R:WI, have been put forth for consideration. Obama does not find them "serious", which means he does not favor them, and therefore he acts as if nothing has been offered. Translation: Liar.
"I mean, the interesting thing is the majority of Republicans actually think we should have a balanced approach to deficit reduction, including tax increases for the wealthy."
am sure that may sound good to much of the 60 Minutes viewership, but if is false. Outside of a handful of RHINO's in the Senate, Republicans are strongly against a balanced approach (raising of taxes) to deficit reduction.
Although I could write 10,000 words tearing this interview apart, in closing comes a staggering comment of arrogance and elitism.
"I would put our legislative and foreign policy accomplishments in our first two years against any president -- with the possible exceptions of Johnson, F.D.R., and Lincoln -- just in terms of what we've gotten done in modern history."
Passing health care legislation was monumental, however on the destructive side in my view rather the constructive side as Obama sees it. Given the accomplishment, Obama sat the legislation out, turning over the construction of the framework to Nancy Pelosi and the Tides Foundation. Backhanded deal making and payoffs helped push it over the edge late, even though polls, now up to almost 65%, oppose it.
George W. Bush, when asked, said he would let history 30 years down the road grade his contribution as President. Obama, presiding over unquestionable decline, finds himself perhaps equal FDR, whose New Deal along with LBJ's Great Society are bankrupting the country, is arrogant to be sure, but he may have a point. We may not recover from Obama's destructive socialistic policies.
But for Obama to think he resides in the same thought as Abraham Lincoln, there is no doubt we have a delusional, narcissistic individual who feels welcome to state incorrect opinion as fact leading our country into deep and lasting decline.
President Obama, who one would suspect is extremely busy in efforts to solve the myriad of significant issues our country is presented with, most notably the highest sustained level of unemployment since the Great Depression, continues to find time to display mind boggling levels of arrogance on a variety of media outlets. Last week, in an interview with 60 Minutes, Obama not only mangled the truth in description of the performance of his administration, but stretched his high altitude narcissism to incredulous levels. See the piece below:
In response to 60 Minutes Correspondent Steve Kroft asking about Obama's accomplishments, the President offered the following:
Well, we're not done yet. I've got five more years of stuff to do. But not only saving this country from a great depression. Not only saving the auto industry. But putting in place a system in which we're gonna start lowering health care costs and you're never gonna go bankrupt because you get sick or somebody in your family gets sick. Making sure that we have reformed the financial system, so we never again have taxpayer-funded bailouts, and the system is more stable and secure. Making sure that we've got millions of kids out here who are able to go to college because we've expanded student loans and made college more affordable. Ending Don't Ask, Don't Tell. Decimating al Qaeda, including Bin Laden being taken off the field. Restoring America's respect around the world.
This paragraph presents by itself contains a gold mine of delusional comments. If he has all these things to do, which he apparently was unable to accomplish with both house of Congress in Democratic control, one has to wonder with the country in economic peril why he is not working with a sense of urgency.
Obama did not save the country from a Great Depression. Obama has operated from the playbook of FDR, who sought massive government stimulus and implemented the forceful expansion of federal regulations and confiscatory taxation, his intimidation of "the rich," encouragement of labor strikes, and half-baked policy experiments discouraged employers from hiring workers and provided strong disincentives to new business investment, as Amity Shlaes outlined in her book "The Forgotten Man".
The auto industry is not saved. For Uncle Sam to made whole, GM needs about another $20 per share in stock price, and with the debacle otherwise know as the Chevy Volt, the loss of the iconic and sporty Pontiac brand and lagging new auto sales due to economic fear, prospects for a robust, profitable GM look bleak.
Health Care costs are not declining, and endless other slow creep taxation nuggets found within the Health Care bill increase taxes on the consumer, thus handicapping economic growth. With much of the behemoth legislation to come in 2013, fear of increased costs and taxation are significantly hindering business development and expansion, and of course, we could certainly use those jobs.
The massive financial regulations put forth under Obama, most notably the Dodd-Frank Bill, has been a job killer, and is also a continued failure as evidenced by the goings on of Democrat Jon Corzine, the former Governor and Senator from New Jersey, who as director of now bankrupt MF Global is under federal investigation due to 1.2 million dollars of customer accounts that are missing, or stolen, whichever your prefer.
Higher education is not a right, but a privilege, for those who choose to take that path. It is not for everybody, and is affordable if you find the investment to be a worthy endeavor.
While the Obama administration deserves recognition for continuing the assault on al Qaeda and for killing Osama Bin Laden, our foreign policy is abysmal. To the contrary from Obama's opinion, we are less respected around the world. Pretty please asking Iran for our lost drone back tells the tale, but beyond that we have radical Muslim influence expanding, have alienated our great friend in Israel and have left Iraq open for the Iranians for political expediency.
Obama really enjoys lying by omission to the citizens, and the following comment is a great example:
"And we ended up asking the wealthiest Americans to do a little bit more in terms of taxes. Going back to rates that would still be lower than they were under Ronald Reagan, our deficit problems would be solved. And I could not get Republicans to go ahead and say, "You're right. We're gonna put country ahead of party."
The legislative branch could possibly be welcome to consider tax rates back to where they were under Ronald Reagan if our country were not 15 trillion deeper in debt (5 trillion and counting under Obama's watch) and bordering a depression with our economic engine stagflating at best. In oppostion to Obama's America, Uncle Sam after three years of Reagan was beaming with optimism as we embarked on a 25 year bull market which Reagan let fire on.
Obama is masterful at making straw man arguments, the following is another great example:
"A balanced approach means exactly what it says. It means it's balanced." I would love to see tax reform. And if we can get a commitment from the Republicans that they want to work on a serious tax reform package that makes sure that the wealthiest Americans are paying their fair share, that is simplifying the tax code, that is lowering rates, but by broadening the base, that's something I'm all for. It's part of my plan. But what we haven't seen is any serious movement on the other side."
Not only did the Simpson-Bowles Commission, a bipartisan committed formed by Obama to offer productive recommendations, have their findings ignored by Obama, several Republican offerings, most notably the plan put forth by Rep. Paul Ryan, R:WI, have been put forth for consideration. Obama does not find them "serious", which means he does not favor them, and therefore he acts as if nothing has been offered. Translation: Liar.
"I mean, the interesting thing is the majority of Republicans actually think we should have a balanced approach to deficit reduction, including tax increases for the wealthy."
am sure that may sound good to much of the 60 Minutes viewership, but if is false. Outside of a handful of RHINO's in the Senate, Republicans are strongly against a balanced approach (raising of taxes) to deficit reduction.
Although I could write 10,000 words tearing this interview apart, in closing comes a staggering comment of arrogance and elitism.
"I would put our legislative and foreign policy accomplishments in our first two years against any president -- with the possible exceptions of Johnson, F.D.R., and Lincoln -- just in terms of what we've gotten done in modern history."
Passing health care legislation was monumental, however on the destructive side in my view rather the constructive side as Obama sees it. Given the accomplishment, Obama sat the legislation out, turning over the construction of the framework to Nancy Pelosi and the Tides Foundation. Backhanded deal making and payoffs helped push it over the edge late, even though polls, now up to almost 65%, oppose it.
George W. Bush, when asked, said he would let history 30 years down the road grade his contribution as President. Obama, presiding over unquestionable decline, finds himself perhaps equal FDR, whose New Deal along with LBJ's Great Society are bankrupting the country, is arrogant to be sure, but he may have a point. We may not recover from Obama's destructive socialistic policies.
But for Obama to think he resides in the same thought as Abraham Lincoln, there is no doubt we have a delusional, narcissistic individual who feels welcome to state incorrect opinion as fact leading our country into deep and lasting decline.
Tuesday, October 18, 2011
An Organized Collection Of Useful Idiots
A culmination of unfortunate events, some decades old, have led to many of those in their 20's being very torqued. Propelled and partially financed by radical extremists and embolden by the thuggery of the Obama Administration, many of the disgruntled young people have joined leftist groups coming together to protest everything American across the nation in what has become known as Occupy Wall Street.
Regrettably, what we actually have is leftist organizations, many backed by billionaire George Soros, supporting a group of young people who are sadly nothing more than useful idiots as many have no idea about what they are protesting, or basic economic theory for that matter.
Try to grasp you brain around the comments of these protesters in Occupy Oakland:
With the focus of the protests in Zuccotti Park in lower Manhattan, the King of all Media, New York's Howard Stern, sent staff members down to get an assessment of what is happening. While FOX News host Geraldo Rivera was deeply moved, Stern and sidekick Robin Quivers were far from impressed.
FOX Business reporter and Wall Street veteran Charles Gasparino found nothing but Marxists.
It should be noted that the owners of Zuccotti Park, Brookfield Office Properties (BPO:NYSE), have ulterior motives for allowing the lawlessness taking place in the park as they have green energy interests that have received stimulus money from the Obama administration, as reported by the Business Insider.
Beyond the incredible lack of knowledge regarding common economic theory and business practices abound, another serious problem is very visible among the protesters. Not only rapidly growing globally, again fueled by Obama, anti-Israel sentiment is rampant. Get a load of this piece of garbage, whose parents must be beaming:
President Obama has stopped just short of vocalizing full support of these anti-American free loaders, but many of his friends and cohorts, Van Jones among them, are in full support. Chaos is an ally of this group, as they never let a crisis go to waste. In what is an excellent but unfortunate true dig at the always present straw man argument of President Obama, some aim to "re-create 68", complete with violence. God help us all!
If the young people, with sound education, massive debt, no jobs and a true fear for the future were not political lemmings, they would easily recognize that any protests belong not at Wall Street, but at 1600 Pennsylvania Avenue due the horrendous economic policies engaged by the Obama administration.
Certainly, many big corporations have acted with malice leading up to and during this recession, as has government. Fannie Mae (FNMA:OTC), Freddie Mac (FMCC:OTC) and Bank of America (BAC:NYSE) come to mind. For me, I am working hard to distance myself from JP Morgan Chase (JPM:NYSE), Bank of America and General Electric (GE:NYSE). In addition, as a proud lifetime user of General Motors (GM:NYSE) vehicles, purchasing another new GM product is now on hold due their interaction with Obama.
While those who have broken the law on the corner of Wall and Broad must be punished, the young people protesting should embrace Wall Street and utilize it to build wealth for their future. Wall Street capital is the lifeblood for many growth companies, and investment opportunities are plentiful. Sure, you can get burned (have I told you the story of my investment in Level 3 Communications? (LVLT:NASDAQ), but you can also build quite a nest egg and you may even hit one like Google (GOOG:NASDAQ).
Of course, understanding basic economics is a must. Those protesting must recognize that for everything they get for free, someone somewhere paid for it. There is no free lunch. In a society with no incentives, innovations will be rare, which will lead ultimately to a dying society. Is America already committing suicide? Patrick J. Buchanan dives into the issue in his new book "Suicide of a Superpower".
Incentive and innovation produce many of the products these dopes are running around using, from cell phones to I-Pads. Many are seeking use of the restroom at a nearby McDonalds, one of the greatest growth stories of all time.
I encourage the protesters to join the party by buying in on Wall and Broad! Snare 100 shares of McDonalds (MCD:NYSE) and see what happens over the next decade or so. Become a shareholder, with skin in the game. Then, provided we adequately squelch the socialist uprising and re-establish once and for all the The Kudlow Creed that free market capitalism is the best path to prosperity, America will return to all her glory.
Regrettably, what we actually have is leftist organizations, many backed by billionaire George Soros, supporting a group of young people who are sadly nothing more than useful idiots as many have no idea about what they are protesting, or basic economic theory for that matter.
Try to grasp you brain around the comments of these protesters in Occupy Oakland:
With the focus of the protests in Zuccotti Park in lower Manhattan, the King of all Media, New York's Howard Stern, sent staff members down to get an assessment of what is happening. While FOX News host Geraldo Rivera was deeply moved, Stern and sidekick Robin Quivers were far from impressed.
FOX Business reporter and Wall Street veteran Charles Gasparino found nothing but Marxists.
It should be noted that the owners of Zuccotti Park, Brookfield Office Properties (BPO:NYSE), have ulterior motives for allowing the lawlessness taking place in the park as they have green energy interests that have received stimulus money from the Obama administration, as reported by the Business Insider.
Beyond the incredible lack of knowledge regarding common economic theory and business practices abound, another serious problem is very visible among the protesters. Not only rapidly growing globally, again fueled by Obama, anti-Israel sentiment is rampant. Get a load of this piece of garbage, whose parents must be beaming:
President Obama has stopped just short of vocalizing full support of these anti-American free loaders, but many of his friends and cohorts, Van Jones among them, are in full support. Chaos is an ally of this group, as they never let a crisis go to waste. In what is an excellent but unfortunate true dig at the always present straw man argument of President Obama, some aim to "re-create 68", complete with violence. God help us all!
If the young people, with sound education, massive debt, no jobs and a true fear for the future were not political lemmings, they would easily recognize that any protests belong not at Wall Street, but at 1600 Pennsylvania Avenue due the horrendous economic policies engaged by the Obama administration.
Certainly, many big corporations have acted with malice leading up to and during this recession, as has government. Fannie Mae (FNMA:OTC), Freddie Mac (FMCC:OTC) and Bank of America (BAC:NYSE) come to mind. For me, I am working hard to distance myself from JP Morgan Chase (JPM:NYSE), Bank of America and General Electric (GE:NYSE). In addition, as a proud lifetime user of General Motors (GM:NYSE) vehicles, purchasing another new GM product is now on hold due their interaction with Obama.
While those who have broken the law on the corner of Wall and Broad must be punished, the young people protesting should embrace Wall Street and utilize it to build wealth for their future. Wall Street capital is the lifeblood for many growth companies, and investment opportunities are plentiful. Sure, you can get burned (have I told you the story of my investment in Level 3 Communications? (LVLT:NASDAQ), but you can also build quite a nest egg and you may even hit one like Google (GOOG:NASDAQ).Of course, understanding basic economics is a must. Those protesting must recognize that for everything they get for free, someone somewhere paid for it. There is no free lunch. In a society with no incentives, innovations will be rare, which will lead ultimately to a dying society. Is America already committing suicide? Patrick J. Buchanan dives into the issue in his new book "Suicide of a Superpower".
Incentive and innovation produce many of the products these dopes are running around using, from cell phones to I-Pads. Many are seeking use of the restroom at a nearby McDonalds, one of the greatest growth stories of all time.
I encourage the protesters to join the party by buying in on Wall and Broad! Snare 100 shares of McDonalds (MCD:NYSE) and see what happens over the next decade or so. Become a shareholder, with skin in the game. Then, provided we adequately squelch the socialist uprising and re-establish once and for all the The Kudlow Creed that free market capitalism is the best path to prosperity, America will return to all her glory.
Tuesday, September 27, 2011
First On Race Day
I have been a happy GM customer all my automobile driving life. Chevy Trucks and Pontiac cars, with the Wide Track Grand Prix my favorite. Currently, each of one of those sits in the garage.
Then Obama and his biblical wisdom came along, forming a team to bailout the car companies, violate the rule of law screwing the auto bondholders, funnel money to union supporters and end the long running historical Pontiac brand. On top of that, now that the Government controls GM, out comes production of "green initiative" vehicles, such as the Chevy Volt. The Volt, which was on the way to be a sporty success before Obama's team stepped in, is now a cost prohibitive joke.
Ford Motor Company rejected government assistance. Although I am sure they needed help, it seems CEO Allan Mulally knew the costs of teaming up with the government. Taking risk seeking reward without using the taxpayer as a crutch is what America commerce is all about. America knows it, and so does Ford.
Have you driven a Ford lately? I see it in my future.
Now that the government owns GM, also known as Government Motors, they don't take kindly to Ford slamming them and the government in a recent advertisement.
With his poll numbers on a ski slope, the Obama administration, thugs that they are, take action to silence critics, as evidenced by reports the administration has strong armed Ford to pull the ad. The Blaze has the full report, which originally came from The Detroit News.
Although Ford denies they removed the ad due to White House pressure, just like your transmission going south, when there is smoke there is fire. Make no mistake, Ford does not want to be in the cross hairs of the White House, for they punish opponents.
With the government involved in free enterprise, free markets become negatively impacted due to the artificial influence and fail to function at full efficiency.
Needless to say, I am sprinting to the voting booth in November 2012, but in the meantime, I will refrain from supporting companies associated with Obama, which includes GM. And while we are on the subject, my rental properties will be GE appliance free going forward.
Have you driven a Ford lately? First on Race Day!
Then Obama and his biblical wisdom came along, forming a team to bailout the car companies, violate the rule of law screwing the auto bondholders, funnel money to union supporters and end the long running historical Pontiac brand. On top of that, now that the Government controls GM, out comes production of "green initiative" vehicles, such as the Chevy Volt. The Volt, which was on the way to be a sporty success before Obama's team stepped in, is now a cost prohibitive joke.
Ford Motor Company rejected government assistance. Although I am sure they needed help, it seems CEO Allan Mulally knew the costs of teaming up with the government. Taking risk seeking reward without using the taxpayer as a crutch is what America commerce is all about. America knows it, and so does Ford.
Have you driven a Ford lately? I see it in my future.
Now that the government owns GM, also known as Government Motors, they don't take kindly to Ford slamming them and the government in a recent advertisement.
With his poll numbers on a ski slope, the Obama administration, thugs that they are, take action to silence critics, as evidenced by reports the administration has strong armed Ford to pull the ad. The Blaze has the full report, which originally came from The Detroit News.
Although Ford denies they removed the ad due to White House pressure, just like your transmission going south, when there is smoke there is fire. Make no mistake, Ford does not want to be in the cross hairs of the White House, for they punish opponents.
With the government involved in free enterprise, free markets become negatively impacted due to the artificial influence and fail to function at full efficiency.
Needless to say, I am sprinting to the voting booth in November 2012, but in the meantime, I will refrain from supporting companies associated with Obama, which includes GM. And while we are on the subject, my rental properties will be GE appliance free going forward.
Have you driven a Ford lately? First on Race Day!
Monday, July 25, 2011
God & NASCAR Country
Christianity is being assaulted on a daily basis throughout the world. Just today, several large media outlets tried to tag the evil orchestrator of the Norway massacre a Christian. The left frequently mocks Christianity, and come this Christmas, we will hear the annual cries to take down those offensive nativity scenes.
Against all the negative backdrop, there is a safe haven: The thunderous tracks of NASCAR, where devotion to Christianity and Partiotism is celebrated. If you are offended, please feel welcome to carry you and your britches elsewhere. NASCAR is all about God & Country.
During each race, as part of the pre-race ceremonies, an invocation is presented. While the Sprint Cup Series took the weekend off, the Nationwide series took center stage last Saturday night at the running of the Federated Auto Parts 300 at Nashville Speedway.
During the evenings invocation, after thanking God for all the blessings, Pastor Joe Nelms went off on nothing short of a classic tangent. Take a listen:
GM Performance, Goodyear Tires, smokin hot chicks! Throw in a couple of cold ones the rolling thunder of the good ole boys and God Bless America indeed.
See ya at The Brickyard on Sunday!
Against all the negative backdrop, there is a safe haven: The thunderous tracks of NASCAR, where devotion to Christianity and Partiotism is celebrated. If you are offended, please feel welcome to carry you and your britches elsewhere. NASCAR is all about God & Country.
During each race, as part of the pre-race ceremonies, an invocation is presented. While the Sprint Cup Series took the weekend off, the Nationwide series took center stage last Saturday night at the running of the Federated Auto Parts 300 at Nashville Speedway.
During the evenings invocation, after thanking God for all the blessings, Pastor Joe Nelms went off on nothing short of a classic tangent. Take a listen:
GM Performance, Goodyear Tires, smokin hot chicks! Throw in a couple of cold ones the rolling thunder of the good ole boys and God Bless America indeed.
See ya at The Brickyard on Sunday!
Monday, October 11, 2010
Shut Down Slow Creep of Socialism
In 1961, Ronald Reagan quoted Norman Thomas, a six time Congressional candidate on the Socialist ticket, who said “The American people will never knowingly adopt socialism. But, under the name of ‘liberalism,’ they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened".
If you think it cannot happen today, check out this great video produced by Ben Howe:
It is happening, as President Obama and the Progressives in Congress have implemented efforts to control private business salaries, taken over 2 of the 3 major US car companies, several major banking institutions, enacted the nationalization of the student loan and home mortgage industries (personally punching my nose daily) and governed with complete disregard for contract law (GM bondholders).
And then there is the health care plan, which contains provisions for a 3.8% tax increase on capital gains, inclusive of passive income, which includes rental income. Reagan, in 1961 mind you, spoke at length about how government will use socialized medicine as a vehicle towards socialism and the transformation of wealth. Reagan, as usual, is right, particularly in this speech, which much of could have been made six months ago. Take a listen:
Five days prior to taking office, President Obama spoke of transforming the United States of America. He is doing just that, bringing socialism to our citizens in a slow creep, which must be stopped immediately. Free market capitalism remains the best path to prosperity, both economically and morally. In wondering had become of discussions of the Constitutional Convention of 1787, Benjamin Franklin was asked what we got? Franklin promptly replied, "A Republic, if you can keep it".
I got a news flash for you. We are presently in a dogfight to keep it, and thwarting those who seek to transform our system at the ballot box in November is critically important.
If you think it cannot happen today, check out this great video produced by Ben Howe:
It is happening, as President Obama and the Progressives in Congress have implemented efforts to control private business salaries, taken over 2 of the 3 major US car companies, several major banking institutions, enacted the nationalization of the student loan and home mortgage industries (personally punching my nose daily) and governed with complete disregard for contract law (GM bondholders).
And then there is the health care plan, which contains provisions for a 3.8% tax increase on capital gains, inclusive of passive income, which includes rental income. Reagan, in 1961 mind you, spoke at length about how government will use socialized medicine as a vehicle towards socialism and the transformation of wealth. Reagan, as usual, is right, particularly in this speech, which much of could have been made six months ago. Take a listen:
Five days prior to taking office, President Obama spoke of transforming the United States of America. He is doing just that, bringing socialism to our citizens in a slow creep, which must be stopped immediately. Free market capitalism remains the best path to prosperity, both economically and morally. In wondering had become of discussions of the Constitutional Convention of 1787, Benjamin Franklin was asked what we got? Franklin promptly replied, "A Republic, if you can keep it".
I got a news flash for you. We are presently in a dogfight to keep it, and thwarting those who seek to transform our system at the ballot box in November is critically important.
Sunday, January 31, 2010
Government Motors Lacks BMW Vision
BMW is very excited by the feedback from it's 2013 Vision hybrid concept supercar. Although by the time it hits showrooms, it will lose some of the exterior flair and perhaps morph into a four door sedan, it will no doubt be hailed by the media, as it likely should. 
Actually, in looking at it, it seems GM has/had a vehicle that has similarities in it's exterior appearance that has very similar chassis characteristics and weight differential that drew very high marks from the automotive media. You guessed it, the Pontiac G8 GXP.
Famed longtime GM executive Bob Lutz labeled the Pontiac G8 Grand Prix GXP "America's BMW", and many automotive journalists agree, as noted HERE, HERE and HERE. It is unfortunate, that President Barack Obama, in a rare display of his Mount Rushmore brilliance, fired GM CEO Rick Wagoner and placed the fortunes moving forward of General Motors, and Pontiac, in the hands of a complete neophyte named Brain Deese.
Pontiac, regrettably for the American consumer, did not survive. On that note, although I remain irate at this development, I am happy to have a G8 Grand Prix GXP in the garage.
Actually, in looking at it, it seems GM has/had a vehicle that has similarities in it's exterior appearance that has very similar chassis characteristics and weight differential that drew very high marks from the automotive media. You guessed it, the Pontiac G8 GXP.
Famed longtime GM executive Bob Lutz labeled the Pontiac G8 Grand Prix GXP "America's BMW", and many automotive journalists agree, as noted HERE, HERE and HERE. It is unfortunate, that President Barack Obama, in a rare display of his Mount Rushmore brilliance, fired GM CEO Rick Wagoner and placed the fortunes moving forward of General Motors, and Pontiac, in the hands of a complete neophyte named Brain Deese.Pontiac, regrettably for the American consumer, did not survive. On that note, although I remain irate at this development, I am happy to have a G8 Grand Prix GXP in the garage.
Saturday, August 1, 2009
Thugs Attack America From Within
Unfortunately, the extreme seriousness of the issues take away the humor in the debacle of the Cash For Clunkers program, which is broke after one week.
How anyone could seriously advocate the government taking over our health care system is beyond any sound thinking. Not only have they demonstrated their inability to maintain solvency in most if not all programs, there appears to be a more sinister objective. Check out the provision discovered in the Cash For Clunkers program and listen to the discussion with Glenn Beck, Jonah Goldberg and the very lovely Kimberly Guilfoyle :
And to think people were pissed at Bush for the Patriot Act. Where are these people now?
This government is operating like the mafia. If you oppose them, they crush you. Look to the GM and Chrysler car dealers for an example. Among those who provide checks and balances on the actions of the government are the Inspectors General. Remember Gerald Walpin?
How anyone could seriously advocate the government taking over our health care system is beyond any sound thinking. Not only have they demonstrated their inability to maintain solvency in most if not all programs, there appears to be a more sinister objective. Check out the provision discovered in the Cash For Clunkers program and listen to the discussion with Glenn Beck, Jonah Goldberg and the very lovely Kimberly Guilfoyle :
And to think people were pissed at Bush for the Patriot Act. Where are these people now?
This government is operating like the mafia. If you oppose them, they crush you. Look to the GM and Chrysler car dealers for an example. Among those who provide checks and balances on the actions of the government are the Inspectors General. Remember Gerald Walpin?
Isn't it just great to have 35+ Tsars who answer to the President and are not accountable to the people?
In an outstanding editorial in Investors Business Daily, Michael Barrone gives us a pre-election glimpse of what we are in for. Not enough people were listening.
There are a few in Washington sounding the alarms now, including Darrell Issa, R:CA and Michele Bachmann, R:MN.
While making rousing speeches seemingly daily where crowds are just tickled pink, Obama is doing exactly what he said he would do; Remaking America. Most of the cheering crowds did not get it in the campaign and although many eyes have been opened, most are still asleep.
It is critically important that America opens her eyes and registers the actions of this group of thugs, operating through arms of soldiers like ACORN, kings of civil disobedience. Time is running out as the administration is in a race to pass legislation before most recognize what is going on.
As evidenced by his apology tour, Obama thinks America needs to be different. I reject Obama and his path to remake America, as I am mighty proud to be an American!
See ya at the next tea party!
Sunday, July 19, 2009
The Cars Americans Want
We continue to hear from analysts from every nook and cranny that the American car companies do not build cars that Americans want. This is nonsense, and I have written about it extensively on the blog, most notably HERE and HERE.
AOL ran a story today listing a handful of some outstanding vehicles and identifying cheaper alternatives called "Drive Like Rockstar On A Roadie's Budget"
Here is what AOL had to say about the BMW M5, which by all accounts is a superb vehicle, priced at around $80,000.
When it comes to sports sedans, there are few who would deny the M5 a rightful place at the top. The limited-production M5 can out-accelerate, out-brake and out-corner some of the most expensive sports cars, with comfortable seating for five. It's powered by a hand-built 500-hp 5.0-liter V10, with suspension and brakes enhanced to match all the power. Buyers can choose between a 7-speed Sequential Manual Gearbox (SMG) with steering wheel paddles or 6-speed manual transmission
And AOL's suggested alternative, priced at $35,000, the Pontiac G8 GXP, the newly named wide track Grand Prix:
The Pontiac G8 (especially the V-8 versions found in GT and GXP trims) is every bit the poor man's (or maybe it's more correctly noted as "wise man's") BMW M5. Aping the performance-minded rear-drive setup of the BMW, Pontiac's hot sedan puts down 355 horsepower in GT trim or a whopping 415 in GXP trim. That's serious armament for a vehicle that starts in the high 20s (or low to mid 30s for the V-8s). While the Pontiac will never confuse itself for BMW on the inside, we think the sporty and clean lines of the exterior are a no-nonsense homage to some of BMW's best. In fact, we might even opt for the Pontiac even if money was no option.
I already have opted for the Pontiac G8 (Grand Prix) GXP.
And while these glowing assessments of the Pontiac G8 GXP continue, like this one, Obama's and his Car Tsar have taken over GM and decided to eliminate the Pontiac Motor Division. This is yet another "brilliant' move by the group of morons running our country these days.
AOL ran a story today listing a handful of some outstanding vehicles and identifying cheaper alternatives called "Drive Like Rockstar On A Roadie's Budget"
Here is what AOL had to say about the BMW M5, which by all accounts is a superb vehicle, priced at around $80,000.
When it comes to sports sedans, there are few who would deny the M5 a rightful place at the top. The limited-production M5 can out-accelerate, out-brake and out-corner some of the most expensive sports cars, with comfortable seating for five. It's powered by a hand-built 500-hp 5.0-liter V10, with suspension and brakes enhanced to match all the power. Buyers can choose between a 7-speed Sequential Manual Gearbox (SMG) with steering wheel paddles or 6-speed manual transmissionAnd AOL's suggested alternative, priced at $35,000, the Pontiac G8 GXP, the newly named wide track Grand Prix:
The Pontiac G8 (especially the V-8 versions found in GT and GXP trims) is every bit the poor man's (or maybe it's more correctly noted as "wise man's") BMW M5. Aping the performance-minded rear-drive setup of the BMW, Pontiac's hot sedan puts down 355 horsepower in GT trim or a whopping 415 in GXP trim. That's serious armament for a vehicle that starts in the high 20s (or low to mid 30s for the V-8s). While the Pontiac will never confuse itself for BMW on the inside, we think the sporty and clean lines of the exterior are a no-nonsense homage to some of BMW's best. In fact, we might even opt for the Pontiac even if money was no option.
I already have opted for the Pontiac G8 (Grand Prix) GXP.
And while these glowing assessments of the Pontiac G8 GXP continue, like this one, Obama's and his Car Tsar have taken over GM and decided to eliminate the Pontiac Motor Division. This is yet another "brilliant' move by the group of morons running our country these days.
Monday, June 22, 2009
Thuggery From Within
During the 2008 Presidential campaign, when attempting to evaluate the work Barack Obama had accomplished as a Senator from Illinois, it took quite some doing amongst all the votes present that were recorded.
Among the very few items uncovered, one located was a bill sponsored by Claire McCaskill, D:MO, which Obama piggybacked on and co-sponsored. As reported by The Kansas City Star, McCaskill last year sponsored a bill protecting inspectors general from partisan firings. No longer can presidents simply note they have “lost confidence” in a watchdog. The new law requires the chief executive to note the actual reason for a firing and to allow Congress 30 days to investigate the claims.
Fast forward to the past week, where lo and behold, an Inspectors General was fired by Obama without the chief executive noting the actual reason and not allowing 30 days for the Congress to investigate the claims. Byron York of The Washington Examiner and Glenn Beck of FOX News discuss and interview Gerald Walpin, the fired Inspector General. Take a listen:
Oh my! Now that is a fantastic example of upholding the law and what transparency! Kind of like the 5 days Obama promised the citizens of the United States would have to examine bills when the spendulous package was rammed through so fast even the members of Congress had not time to read it. They even dragged some congressman back from his mothers funeral to vote on it only for Obama to sign it at a photo opt 5 days later. Good grief America!
After a few days when a storm cloud seemed to be brewing regarding the firing, the White House played hardball, claiming Walpin "was confused, disoriented, unable to answer questions and exhibited other behavior that led the Board to question his capacity to serve." Glenn Beck is on the case, and he gave Walpin a competency test. In English!
Amazingly, Obama is fooling quite a few folks because he is practicing thuggery from the oval office. Since when do we Americans appreciate our governance being run in this fashion?
Glenn Beck has more on the subject:
Among the very few items uncovered, one located was a bill sponsored by Claire McCaskill, D:MO, which Obama piggybacked on and co-sponsored. As reported by The Kansas City Star, McCaskill last year sponsored a bill protecting inspectors general from partisan firings. No longer can presidents simply note they have “lost confidence” in a watchdog. The new law requires the chief executive to note the actual reason for a firing and to allow Congress 30 days to investigate the claims.
Fast forward to the past week, where lo and behold, an Inspectors General was fired by Obama without the chief executive noting the actual reason and not allowing 30 days for the Congress to investigate the claims. Byron York of The Washington Examiner and Glenn Beck of FOX News discuss and interview Gerald Walpin, the fired Inspector General. Take a listen:
Oh my! Now that is a fantastic example of upholding the law and what transparency! Kind of like the 5 days Obama promised the citizens of the United States would have to examine bills when the spendulous package was rammed through so fast even the members of Congress had not time to read it. They even dragged some congressman back from his mothers funeral to vote on it only for Obama to sign it at a photo opt 5 days later. Good grief America!
After a few days when a storm cloud seemed to be brewing regarding the firing, the White House played hardball, claiming Walpin "was confused, disoriented, unable to answer questions and exhibited other behavior that led the Board to question his capacity to serve." Glenn Beck is on the case, and he gave Walpin a competency test. In English!
Amazingly, Obama is fooling quite a few folks because he is practicing thuggery from the oval office. Since when do we Americans appreciate our governance being run in this fashion?
Glenn Beck has more on the subject:
No doubt, Michael Barrone was quite correct in a column during the campaign predicting this whole scenario.
If you do not want to run car companies as you state, don't. Ditto banks and insurance companies. And quit strong arming corporate executives, whether personally as with Mr. Walpin or Rick Wagoner of GM or through your surrogates as evidenced by the despicable behavior by ACORN and your media partners during the AIG bonus debacle.
America, please wake up!
Saturday, June 13, 2009
GM Pontiac G8 GXP Burns Up Road, Government Burns Down Detroit
The events leading up to and including the bankruptcy of General Motors and Chrysler is beyond appalling. Personally, the elimination of the Pontiac Motor Division is particularly painful, and it would not have been necessary if our government would stayed out of the way. I remain steamed, but there is nothing I can do.
At least the folks aver at FOX News understand the quality of machines that are going away. On the way to the winners circle, wider will forever be better.
Meanwhile, GM has informed several NASCAR Nationwide Series and Craftsman Truck Series teams they are withdrawing Chevrolet manufacturer support, including teams owned by Rusty Wallace, Kevin Harvick and Dale Earnhardt, Jr.
I am afraid this is the first of series of announcements that will shake NASCAR to the core. Agitating the NASCAR fan base will be like pouring gasoline on an already burning electorate. If I were still an owner of International Speedway Corporation stock, (ISCA:NASDAQ) I would be a seller in the current fascist environment.
The good ole boys are up at Michigan International Speedway this weekend, and I would hope car owners the likes of Roger Penske, who just bought Saturn from GM, Jack Roush and Rick Hendrick would be having a pow wow to formulate some sort of plan to combat the current onslaught, cause they are burning Detroit down!
At least the folks aver at FOX News understand the quality of machines that are going away. On the way to the winners circle, wider will forever be better.
Meanwhile, GM has informed several NASCAR Nationwide Series and Craftsman Truck Series teams they are withdrawing Chevrolet manufacturer support, including teams owned by Rusty Wallace, Kevin Harvick and Dale Earnhardt, Jr.
I am afraid this is the first of series of announcements that will shake NASCAR to the core. Agitating the NASCAR fan base will be like pouring gasoline on an already burning electorate. If I were still an owner of International Speedway Corporation stock, (ISCA:NASDAQ) I would be a seller in the current fascist environment.
The good ole boys are up at Michigan International Speedway this weekend, and I would hope car owners the likes of Roger Penske, who just bought Saturn from GM, Jack Roush and Rick Hendrick would be having a pow wow to formulate some sort of plan to combat the current onslaught, cause they are burning Detroit down!
Thursday, June 11, 2009
The New Heartbeat of America?
Simply put, Obama and his Czar's are completely out of control. Hopefully, it will hit home with America soon! It will hit NASCAR hard, no doubt.
I just cannot see Dale Earnhardt, Jr rolling up in the banking three wide in this Yugo style golf cart. Is this going to be Tommorow's Chevrolet?
This is incredibly sad and I am quite angry about it! Thankfully, we got our memories!
I just cannot see Dale Earnhardt, Jr rolling up in the banking three wide in this Yugo style golf cart. Is this going to be Tommorow's Chevrolet?
This is incredibly sad and I am quite angry about it! Thankfully, we got our memories!
Have I driven a Ford lately? No, not yet!
Thursday, June 4, 2009
Nights On Broadway
Last week, President Obama kept one of his campaign promises and took his wife Michelle up to the Great White Way to take in some fine dining and a Broadway Show. I got no problem with date night, as I think it is an important to a relationship to spend quality time together. As Obama is the President, it is the responsibility of the taxpayers to secure the first family, so this required some real work for the Secret Service and the logistical planners. Even if it is the night before GM files for bankruptcy.Oh, but then comes reality knocking at the door. Isn't President Obama the same guy running around asking everyone from the Israelis to the Klingons to sacrifice. He asked Americans to turn up the A/C (on snow here at BAHL's pad), to stop driving cars people don't want (got the Chevy SUV and the 400HP V8 Pontiac in the garage) and proclaimed we just cannot live life like we used to.
Does this not apply to him? Do as I say but not as I do! This is the same guy who went on yet another apology tour (for the love of God put a sock in it) this week and toured the Pyramids. Nice carbon footprint on you!
Well, even if he has not, I have done some sacrificing. Once Obama was elected I knew the economic problems we were in the midst of (due to the housing crisis caused by you know who) were sure to lengthen. And, being employed in the Real Estate business, cash flow has been compromised. Therefore, a ten year string of annual runs to Manhattan ended, as did taking in a Broadway show.
While over the years there were a couple of shows I was happy they served beer at, some were nothing short of outstanding. But, all in all, our experiences were grand!
So, glad to know my tax dollars allowed someone to catch a play on Broadway. As you may suspect, the show Obama saw, August Wilson's "Joe Turner's Come and Gone," tells the tale of a black man searching for identity after slavery. I agree with Rush Limbaugh that the Obama's do appear as if they carry some anger around with them and perhaps this is a subject they cannot put in the past. Obviously from his continuous apologies, he thinks America has a lot to apologize for. I do not.
Anyhow, I sure did miss New York this year. No worries missing August Wilson's play. Now, if only Obama would quit recklessly spending our money so the economy has a fighting chance we might make it back sometime.
Wednesday, June 3, 2009
Arrogance On The Loose
Last week, the New York Times, of all people, wrote of the Obama administration mastermind behind "dismantling General Motors and rewriting the rules of American capitalism."
This would be the howl of a lifetime if were not true. But beyond the stupidity of leaving this massive and vitally important undertaking to a neophyte with little to zero experience participating in the private sector or formal training in economics, it demonstrates contempt for our capitalistic system and the lack of understanding for the love affair Americans have had with the automobile.
Glenn Beck summarizes in his brilliant fashion the idiocy of it all:
Finally, although this kid would not know a Catalina from a Bonneville, the culprit for closing Pontiac has been identified!
In an interview on FOX Business with Neil Cavuto discussing the upcoming trip to the middle east by President Obama, former Secretary of State Lawrence Eagleburger , who once referred to Obama as a charlatan, called Obama's foreign policy amateur hour at the White House.
Eagleburger should not have limited his remarks to foreign policy. The arrogance and naivete of this administration is inflicting damage that will take years to overcome if that will be possible by the time this group is through.
This would be the howl of a lifetime if were not true. But beyond the stupidity of leaving this massive and vitally important undertaking to a neophyte with little to zero experience participating in the private sector or formal training in economics, it demonstrates contempt for our capitalistic system and the lack of understanding for the love affair Americans have had with the automobile.
Glenn Beck summarizes in his brilliant fashion the idiocy of it all:
Finally, although this kid would not know a Catalina from a Bonneville, the culprit for closing Pontiac has been identified!
In an interview on FOX Business with Neil Cavuto discussing the upcoming trip to the middle east by President Obama, former Secretary of State Lawrence Eagleburger , who once referred to Obama as a charlatan, called Obama's foreign policy amateur hour at the White House.
Eagleburger should not have limited his remarks to foreign policy. The arrogance and naivete of this administration is inflicting damage that will take years to overcome if that will be possible by the time this group is through.
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