Keyword: subsidies

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  • Fisker, the car of the future, not quite electrifying at Consumer Reports

    03/09/2012 2:13:55 PM PST · by landsbaum · 14 replies
    Electric cars, which wouldn’t even be an option if taxpayers’ money wasn’t propping them up, don’t ultimately save money or cut down pollution. They aren’t reliable to get from here to there. But they can look nice, like the Fisker Karma. Speaking of which, we have this shall we say not entirely unexpected news, courtesy Reuters:...
  • Maybe It Should Be Called the Chevrolet 'Vote' (Good piece)

    03/09/2012 11:40:22 AM PST · by jazusamo · 18 replies · 1+ views
    Forbes ^ | March 8, 2012 | Patrick Michaels
    The Chevrolet Volt is everything that is wrong with Washington on four wheels, and investors (that’s you and me) should be furious. Wrong #1 : The Volt should be re-named the Vote. Who can forget that Super Bowl ad, with the pseudo-assembly line of Volts rolling through Hamtramck, Michigan, and the voice overlay that “this isn’t the car we wanted to build; it’s the car America had to build…from the heart of Detroit to the help [sic] of the country.” How true—corporate welfare on wheels, buying votes in a state vital to the President’s re-election. There is simply no...
  • GM's Latest 'Crapload' of Chevy Volt Nonsense

    03/09/2012 8:49:13 AM PST · by jazusamo · 41 replies
    National Legal & Policy Center ^ | March 9, 2012 | Mark Modica
    These guys at Government Motors just continue to outdo themselves. Just as Chevy Volt owners are getting over being called idiots by the head of Audi, GM comes up with an ad that lends credence to the accusation. A supposed Volt owner tells how she loves her car because her friends think it looks like a spaceship and it saves a "crapload" of money. I laid off the original story of the Audi head saying Volts were for idiots. The .001 percenters who bought Volts have a right to spend their money as they see fit and I gave...
  • Big Oil and Tax Breaks (Are Big Oil companies sucking money out of the Federal Treasury?)

    03/08/2012 6:44:09 AM PST · by SeekAndFind · 41 replies · 1+ views
    American Thinker ^ | 03/08/2012 | Randall Hoven
    To hear the president and Democrats talk, you'd think that Big Oil was sucking the Treasury dry with huge subsidies. Almost a year ago I wrote about the federal government's "subsidies" to Big Oil. I said then, "They are all tax 'breaks'... about $4.3 billion per year -- about 0.2% of this year's deficit and enough to fund about 10 hours of current US government spending." I was wrong. The tax breaks for all fossil fuels was not $4.3B in 2011. It was only $2.5B -- about 0.19% of that year's deficit, and enough to fund only six hours of...
  • Wind farms in Pacific Northwest paid to not produce

    03/07/2012 9:50:56 PM PST · by Hunton Peck · 38 replies
    FoxNews.com ^ | March 07, 2012 | Dan Springer
    Wind farms in the Pacific Northwest -- built with government subsidies and maintained with tax credits for every megawatt produced -- are now getting paid to shut down as the federal agency charged with managing the region's electricity grid says there's an oversupply of renewable power at certain times of the year. The problem arose during the late spring and early summer last year. Rapid snow melt filled the Columbia River Basin. The water rushed through the 31 dams run by the Bonneville Power Administration, a federal agency based in Portland, Ore., allowing for peak hydropower generation. At the very...
  • Romney Wants Reexamination of GM Bankruptcy Process

    03/07/2012 1:50:57 PM PST · by jazusamo · 7 replies
    National Legal & Policy Center ^ | March 7, 2012 | Mark Modica
    The Detroit News reports that Mitt Romney wants a reexamination of the General Motors' bankruptcy proceedings. Mr. Romney is quoted as stating, "I think it's important for us to go back and look at what happened and take apart this bankruptcy process. See to what extent the finger of politics was placed on the scales of justice and see if we can't be more fair to the people involved in this process." I agree with the sentiment, but I do have to ask, where were the Republicans on this issue over two years ago? Three years ago I served...
  • Taxpayer-Funded Abound Solar Had Previous Shutdown; Lobbyist Promoted Failed Projects

    03/07/2012 10:37:00 AM PST · by jazusamo · 4 replies
    National Legal & Policy Center ^ | March 7, 2012 | Paul Chesser
    A Department of Energy-funded solar company that laid off 280 workers last week quietly imposed a mandatory, temporary cessation of its operations during the holidays, and warned employees to “not let the rumor mill create false purposes for this shut down.” And in another sign of potential financial troubles, a company document that is supposed to guide “the next great solar company” advises leadership to “stretch payables” to help attain its goals. The forced time off was discovered in an internal memorandum obtained by The Complete Colorado, a news digest Web site, which also revealed the planning document. Employees...
  • Can Taxpayer-Subsidized Battery Maker A123 Survive?

    03/06/2012 11:41:14 AM PST · by jazusamo · 11 replies
    National Legal & Policy Center ^ | March 6, 2012 | Paul Chesser
    The taxpayer-funded ($279 million) battery supplier that gave big raises and parachutes to its executives shortly after it cut “Green jobs” at its Michigan factories, reported last week it would suffer big losses again for 2011. A123 Systems , whose fortunes were entwined with those of electric vehicle startup manufacturer Fisker Automotive, also announced it would look to China and India in order to survive. A123 also received grants and tax credits from Michigan that could total more than $135 million. The company said it would realize a loss of $257.7 million for last year, compared to the $152.6...
  • GM Chevy Volt Halt Confirms Green Energy Policy Failure

    03/05/2012 8:41:18 AM PST · by jazusamo · 30 replies
    National Legal & Policy Center ^ | March 5, 2012 | Mark Modica
    I hate to beat a dead Edsel, but the Chevy Volt story is just too important to let slip away. After last week's announcement by General Motors that it would be temporarily halting production of the Chevy Volt due to low demand, you would think that the evidence would finally be conclusive that the over-hyped, over-subsidized vehicle is a flop. The response by GM and lack of same from the Obama-loving media is worthy of continued criticism from those of us who have recognized that taxpayers have been bilked out of billions of dollars to produce a car that...
  • States Slash Birth Control Subsidies as Federal Debate Rages

    03/03/2012 9:41:10 AM PST · by fight_truth_decay · 16 replies
    Reuters ^ | Fri Mar 2, 2012 5:28pm EST | By Stephanie Simon
    * Biggest impact being felt in Texas * Lawmakers say they have no choice * Cuts could cost more than save - study Even as a national debate rages over contraception insurance, tens of thousands of low-income women and teenagers across the United States have lost access to subsidized birth control as states slash and restructure family planning funds. Montana and New Jersey have eliminated altogether their state family planning programs. New Hampshire cut its funding by 57 percent and five other states made more modest program trims. But the biggest impact, by far,Texas. State lawmakers last fall cut family-planning...
  • Presto! Expensive (and subsidized) electric car turns into a useless brick

    02/24/2012 11:24:32 AM PST · by landsbaum · 32 replies
    We’ve noted many times how those costly electric cars (even after factoring in taxpayer subsidies for manufacturers, sellers and buyers) are hugely reliant on cheap fossil fuel. How else do you think they get the electricity they run on? Windmills? And this cartoon pretty much sums up the absurdity of that predicament: . . .
  • Mayor Asks Pres. Obama To Rethink Federal Grant Cuts [Miami Begging]

    02/24/2012 9:33:28 AM PST · by SoFloFreeper · 5 replies
    CBS Miami ^ | 2/23/2012
    Miami Mayor Tomas Regalado was flanked by senior citizens and needy children at city hall Thursday who will be more needy if cuts to federal funding kick in as scheduled on April 1st. It would prove a cruel April fool’s day. The cruelest cuts to federal block grant funds – that help feed the elderly, provide pre-school and day care for the children of low income working parents, help kids with disabilities, and provide health care to the poor – would be felt in South Florida cities. Hialeah would see it’s funding cut by nearly half. Miami by a third....
  • Lessons from the Shale Revolution

    02/23/2012 11:04:02 PM PST · by neverdem · 16 replies
    The American ^ | February 22, 2012 | Ted Nordhaus and Michael Shellenberger
    A closer look at the shale gas story challenges both conservative and liberal policy preferences and points to much-needed reforms for today's mash of state and federal clean energy subsidies and mandates. In his State of the Union address, President Obama invoked the 30-year history of federal support for new shale gas drilling technologies to defend his present day investments in green energy. Obama stressed the value of shale gas—which will create thousands of jobs and billions in profits—as part of his "all of the above" approach to energy, and defended the critical role government investment has always played in...
  • VIDEO: Modica Criticizes Tax Credits to GM Dealers Selling Chevy Volts to Gov't

    02/23/2012 10:48:38 AM PST · by jazusamo · 1+ views
    National Legal & Policy Center ^ | February 23, 2012 | NLPC Staff
    Mark Modica interviewed by Gerri Willis of the Willis Report on Fox Business Channel. Video, 4 minutes
  • EXCLUSIVE: GM Dealers Get Chevy Volt Tax Credit for Sales to Gov't (Outrageous)

    02/22/2012 9:56:02 AM PST · by jazusamo · 17 replies
    NLPC ^ | February 22, 2012 | Mark Modica
    I discovered an interesting fact while reviewing the 2011 IRS form 8936 used for the $7500 EV tax credit. While under most circumstances it is the wealthy purchasers of Chevy Volts and other high priced plug-in vehicles that get the taxpayer-funded handout, it appears that General Motors' dealerships that sell the vehicles to government entities are benefiting by being able to claim the credits. These dealers are able to double-dip into the seemingly endless pool of taxpayer funds designated for cronies of the Obama Administration under the guise of green initiatives. Not only do taxpayers pay for Chevy Volts...
  • GE Steps Up Support for GM Chevy Volt Folly (Excellent piece)

    02/20/2012 12:27:26 PM PST · by jazusamo · 49 replies · 1+ views
    National Legal & Policy Center ^ | February 20, 2012 | Mark Modica
    Last week, Greencarreports.com reported that crony corporation, General Electric, will be purchasing only Chevy Volts for employee use. The move will help General Motors proclaim that the Volt is a success (and help ensure that GE sells more charging stations) as thousands of orders for the vehicle hit the books, conveniently timed to coincide with the run up to the 2012 presidential election. The Volt has not caught on with the majority of consumers as the benefits of traveling 20 to 45 miles on an electric charge before getting about 30 miles per gallon on premium fuel do not...
  • GE Employees Get Chevy Volt Electric Cars, All-Gas Use OKed Sometimes

    02/16/2012 9:36:48 AM PST · by jazusamo · 38 replies
    Green Car Reports ^ | February 16, 2012 | John Voelcker
    Sixteen months ago, General Electric announced it would place the "largest order in history" for electric cars , to be used by its employees who are issued company cars. Now, those cars are starting to arrive and be placed with employees. And where changes are made, personnel policies are sure to follow. A person inside GE recently forwarded a memo to us that covers some of the nuts and bolts of using the 2012 Chevrolet Volt range-extended electric car. It's from the fleet operations manager for GE Healthcare. Among the interesting points: "All sedans ordered in 2012 will be...
  • Soros, Douglas support Natural Gas Act proponents - Investors in Vancouver LNG-engine firm to...

    02/16/2012 2:08:03 AM PST · by neverdem · 3 replies · 2+ views
    Human Events ^ | 02/15/2012 | S. E. Robinson
    Investors in Vancouver LNG-engine firm to benefit from subsidies Soon after President Barack Obama touted Westport Innovation’s liquefied natural gas-powered engines April 1 at a Maryland UPS facility, the company’s top individual investor made large contributions to Democrats. Kevin G. Douglas, Westport’s largest individual shareholder, April 8 gave more than $30,000 to Obama and the Democratic National Committee, according to federal campaign filings. In a lucky confluence of events, a bill, supported by the president, New Alternative Transportation to Give Americans Solutions Act, designed to subsidize the migration of American vehicles from gasoline and diesel to LNG-powered engines was filed...
  • What happens when we live off the other guy?

    02/15/2012 11:38:04 AM PST · by landsbaum · 8 replies
    Nearly half of U.S. households receive government benefits. We’ve reached record highs of those relying on government-paid benefits, which is to say, benefits paid for by taxpayers, which is another way of saying redistributed wealth. Which is another way of saying socialism....
  • When Stadium Deals Fizzle, Taxpayers Always Lose

    02/13/2012 8:08:56 AM PST · by MichCapCon · 26 replies
    Capitol Confidential ^ | 2/13/2012 | Jarrett Skorup
    The Detroit Tigers were a few wins short of going to the World Series last year. Team ownership signed All Star first baseman Prince Fielder to a 9-year, $214 million deal in the hopes that he will help push the team over the top as well as continue strong attendance at Comerica Park. Since the club has all that extra revenue available and expect more from higher attendance, will they consider repaying Michigan taxpayers for the hundreds of millions of dollars that were used to subsidize the team's stadium? Comerica Park opened in 2000 after three years of construction and...