Posts Tagged ‘GM’
» posted on Friday, January 22nd, 2010 at 1:35 pm by LadyLumineux
Barack Obama’s approval rating drops and he’s taking fellow Democrats with him
How low will Barack Obama go? If you check out the latest poll by Rasmussen and follow the trends, it looks like the President’s downward spiral is continuing to pick up steam. The latest Presidential tracking poll shows that 25% of Americans strongly approve of the President’s performance, while 43% strongly disapprove. Overall, just 45% approve of the job Barack Obama is doing, while 54% disapprove.
The same poll found that nearly half of Americans believe GM will need another bailout, 61% believe Congress should drop healthcare reform, and 66% believe the country is heading in the wrong direction. It doesn’t look like American’s are fond of the Obama agenda. » read more
post a comment | filed under Health · Politics | tags: Approval Rating, Bailout, Barack Obama, GM, Health Care, Rasmussen Poll
» posted on Saturday, January 2nd, 2010 at 2:03 pm by Damien Baldino
GM and Chrysler could learn from Ford
Ford recently announced that its Sync system will soon allow customers to plug in a modem, so that passengers will be able to access broadband internet. Basically, many of Ford’s cars will become rolling hot spots. This is in addition to Sync, which allows you to control many of the car’s features with your voice.
Ford’s recent innovations seem to be far ahead of both Chrysler and GM. Is it merely a coincidence that the most innovative American car company is also the only one that is profitable and wasn’t bailed out by the federal government? Perhaps GM and Chrysler should take notes.
post a comment | filed under Business · Economy · Technology | tags: CHrysler, Ford, GM, Sync, Wifi
» posted on Wednesday, December 9th, 2009 at 12:37 pm by Damien Baldino
Great news! The U.S. will only lose $30 billion on the auto industry bailout
I have some great news for you today. Do you remember the $82 billion bailout of the auto industry? Well, the government was expecting to lose $44 billion, but revised figures show that the loss will only be $30 billion! Isn’t that awesome? Yeah, I don’t think so either.
Barack Obama and other socialist-leaning politicians thought the bailout was a great idea, and they still do. The best thing that could have happened would have been to let Chrysler file for bankruptcy, cancel all of their contracts, then reorganize without government assistance. More jobs would have been lost, unions would have been angry, and the companies would have been decimated, but I find that preferrable to the precedent that was set. » read more
post a comment | filed under Business · Politics | tags: Bailout, Barack Obama, CHrysler, Ford, Free Market, GM
