President George W. Bush was known as much for the many liberties he took with the English language as he was for being a Texan, and, in the latter regard, it is not all that surprising that the 43rd President's truck of choice was a Ford F-150... the key word here, of course, being was. The truck used by the former president around his Crawford, TX ranch, a 2009 Ford F-150 King Ranch 4x4 SuperCrew, will be auctioned off at Barrett-Jackson next month with the proceeds of the sale going to the Fi
Even as Republican presidential candidates soldier on in their opposition to the auto industry bailout, new polling indicates that the American public has changed its attitude about the $80 billion spent to help both Chrysler and General Motors restructure. According to The New York Times, a poll conducted in February shows the gap between those who approve of the measures and those who remain opposed has shrunk, while a different, more recent poll shows a slim majority of Americans now support
2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist. One of the last major decisions former President Bush made before he left office was to give Chrysler and General Motors a combined $17.4 billion to keep their doors open.
Former U.S. President George W. Bush is set to release his memoirs under the title Decision Points on Tuesday, November 9. The book is slated to delve into the eight years of the Bush Administration, touching on everything from the war in Iraq to the reasoning behind various economic policies. The Detroit News was able to get its hands on a pre-release copy of the text and found Bush had committed to bailing out the auto industry as early as November of 2008, despite having misgivings about gove
When Former President George W. Bush spoke to the Montreal Board of Trade recently, he made a public appeal to the Obama administration to "get out of the private sector," adding "I hope our government gets out of the autos and the financials in which they have a stake." His premise is that it takes private companies to turn an economy around, not government-run ones.
The writing's been on the wall for years: GM would have to declare bankruptcy if it had any hope of restructuring in order to survive in the long-term. And though the Obama administration's effective take-over of General Motors was hardly the first case of the government nationalizing a private company, President George W. Bush didn't want to be the one to do it.
When the next step in the road to 35 mpg by 2020 CAFE standards was announced recently, those in the know made it clear that the Obama administration's upcoming goal of 27.3 mpg by 2011 would not be hard for automakers to meet. In fact, the 2007 average was already 31.3, so the 2011 goal would not require any change in product lineup (more difficult changes are scheduled to come into effect down the line). The 2011 standards were so light, in fact, that the Center for Biological Diversity took t
When the next step in the road to 35 mpg by 2020 CAFE standards was announced recently, those in the know made clear that the Obama administration upcoming goal of 27.3 mpg by 2011 would not be hard for automakers to meet. In fact, the 2007 average was already 31.3, so the 2011 goal would not require any change in product lineup (more difficult changes are scheduled to come into effect down the line). The 2011 standards were so light, in fact, that the Center for Biological Diversity took the Na
President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not require relief at this time).
The House of Bush told reporters this morning that the administration is looking into an "orderly" bankruptcy for General Motors and Chrysler that would be part of an overall rescue package. One possible plan is to give the two automakers enough cash to make it through the next few months (essentially the bailout funds that GM and Chrysler pleaded for in front of Congress) and after that time a federal overseer would sit down with the executives and other interested parties to discuss filing for
With all signs pointing to White House action on an automaker bailout despite the the bill not making it out of the Senate last Thursday, Canada has its taxpayers' wallets on standby as well. Our neighbors to the north account for a 20% share of the auto industry, and both the federal and Ontario governments are ready to add a commensurate amount of money to the bailout pot if U.S. government action does take place. So, assuming President Bush instructs Henry Paulson, the recently-crowned King o
Soon after President-elect Obama and still-President Bush sat down on Monday, reports began to surface that the Obama camp was considering the appointment of a "Car Czar." The position would provide the new administration with analysis and advice on the auto industry and the financial (and product?) perils faced by Detroit Big 3(ish).
U.S. House Speaker Nancy Pelosi (D-CA) has been involved with the ins and outs of the CAFE standards for a long while. This week, following the NHTSA's call for a 31.6 mpg average (35.7 for cars and 28.6 for light trucks) by 2015, Pelosi had some kind word for the President and the NHTSA. So, first the automakers say they're OK with these stricter numbers and now Pelosi lauds Bush? What's going on here? You can try to figure it out for yourself by reading Pelosi's statement in full after the jum
President Bush's call for climate the other day hasn't been very widely lauded. Oxfam America has issued one of the stronger criticisms, saying the plan "ignores reality." Echoing Sen. Barbara Boxer's (D-California) statement that the initiative was "worse than doing nothing," Oxfam says it "could make matters worse." Remember, details on just how Bush plans to halt greenhouse gas emissions growth in the U.S. by 2025 were not provided on Wednesday when the president announced the plan.
U-turn. Waking up. Flip flop. Call it what you want (the Washington Times, headed by the very strange Sun Myung Moon, called it "changing course"), but the White House might be getting ready to call on Congress to pass a bill that deals with global warming. According to the Mooney Times (the only paper that seems to have talked to anyone - every other source online just references the Times article), White House officials are fearing a "regulatory nightmare" - thanks to those lawsuits over the E
On a recent episode of the Daily Show, the spike and price of a barrel of oil was explained (see videos below the fold). The comedy news show's explanation includes $15 of the $104 for a barrel of oil going towards trying to convince the public that the oil companies are not raping the environment. Another $25 goes towards blackening the oil because oil actually comes out of the ground rainbow colored. Who knew? The Daily Show also took a shot at President Bush for his press conference where he