Tag Archives: economy

Obama Kills of What’s Left of the U.S. Autos

I was shocked when I read this artcile this morning. The first memorandum will order the Transportation Department to work out rules for automakers to improve fuel economy. It will call for the department to notify automakers by March 2009 to increase their fuel efficiency for 2011 model year cars and trucks. The second memorandum …

January 26, 2009 – 2:54 pm | By AverageJoe | Posted in auto industry | Tagged , , , , , | Comments (0)

WHAT A FARCE!

From the Detroit Free Press Detroit automakers would face strict oversight from a federal official and have to drop lawsuits against California’s limits on greenhouse gases from cars and trucks under a draft of the rescue obtained by the Free Press. The final amount of the loans available under the plan was one of the …

December 9, 2008 – 2:41 am | By AverageJoe | Posted in Uncategorized | Tagged , , | Comments (0)

Bailing out the Auto Industry!?

Maybe you have read my numerous posts on bailing out the auto industry, or maybe you have not.  Educate yourself here , here, and here.  Today it appears that a bill will be brought before Congress that will get $17 billion to the auto industry in a effort to keept it afloat until Barrack Obama’s …

December 8, 2008 – 12:01 pm | By AverageJoe | Posted in auto industry | Tagged , , , , | Comments (0)

Economic bailout plan fails to pass the House

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes Republican leaders who had pushed their reluctant members for the bill blamed Speaker Nancy Pelosi, D-Calif., saying that her speech during the floor debate drove away about a dozen Republicans they thought they could get to support the measure. “I do believe we could have gotten there today if it had not been for …

September 29, 2008 – 8:33 pm | By AverageJoe | Posted in U.S. Economy | Tagged , , | Comments (0)

Gingrich not happy with Bush administration’s bailout

September 27, 2008 – 12:09 pm | By AverageJoe | Posted in U.S. Economy | Tagged , , , , | Comments (0)