With a title like "Green Energy Oversight: Examining the Department of Energy's Bad Bet on Fisker Automotive" it was no surprise that the slant of today's Congressional hearing by the House Oversight subcommittee on Economic Growth, Job Creation, and Regulatory Affairs was overwhelmingly negative. In fact, for over three hours, it was perhaps the definition of political theater. After all, where else do you get to hear a House of Representatives member (Gerald Connolly, D-VA) say the hearing was
As we get ready for a Congressional hearing later today, news of money that Fisker Automotive owes to the US government is on the mind of regulators and the public. Therefore, the US Department of Energy has announced that it did recently collect $21 million from the struggling automaker. The DOE says that the $21 million was paid back April 11. The company's first repayment, of $10 million out of the roughly $192 million that the company took (it was originally granted a $529 million loan but n
Representatives from the Republican Party have asked President Obama to delay pushing through strict new automotive fuel economy regulations. The trio of top GOP legislators consists of auto dealer Mike Kelly of Pennsylvania, Jim Jordan (also of PA) and House Oversight and Government Reform Chairman Darrell Issa of California (pictured). The three legislators are calling for further review of the 2017-2025 Corporate Average Fuel Economy targets. According to a report by The Detroit News, Issa sa
It's a safe wager that no one expected the report of the Chevrolet Volt fire after a National Highway Traffic Safety Administration crash test to turn into a Congressional dressing-down. The short story: NHTSA crash-tested a Volt in May, that car caught fire in June while in storage, and NHTSA alerted the public about the fire in November. Certain politicians have wondered if politics played a part in waiting until November to report the fire, and now a House panel is holding a hearing called "V
A month ago, Darrell Issa (R-CA) sent letters to 15 automotive CEOs asking them for information about the possible safety effects of implementing the proposed new fuel economy standards. Now, he's following up with a new request to California Air Resources Board chairwoman Mary Nichols for documents about how CARB, the Obama administration and the automakers came to the agreement to hit 54.5 miles per gallon by 2025. He's been down this road before, and claims that the 4,000 documents CARB sent
Darrell Issa is on a mission. The House Republican from California is stepping up his quest to figure out if the new CAFE standards are part of President Obama's "Green-Energy Agenda is Killing Jobs" (Okay, technically, that's Issa's report about Solyndra, but it shows where he's coming from) or potentially affecting safety.
One of the many, many contentious issues that make up the ongoing pointless battles between the Democrats and Republicans in Washington, D.C. is the Solyndra case, about how the now-bankrupt solar-power company got loan guarantees. Republicans say the Obama Administration pushed the loans through in a less-than-honest manner. The Administration and the DOE say everything was aboveboard.
California Representative Darrell Issa (R) has assumed the chairmanship of the House Committee on Oversight and Government Reform, and he wants to cut through the layers of government oversight and foster business growth. Issa's asked companies and trade associations, including Toyota, Ford, the National Association of Manufacturers and the Association of International Automobile Manufacturers to suggest which regulations make it difficult to turn a profit and, more importantly, add jobs.
Earlier in the week, U.S. Representative Darrell Issa (R, Calif.) called for an amendment to a financial reform bill that would bar any company at least five percent owned by the government from lobbying Congress. The measure was shot down Thursday in a 9-13 vote by the financial services conference committee. The requested amendment was clearly aimed at preventing General Motors and Chrysler from spending money to influence our nation's leaders. All but one Democrat voted against the proposed a
While General Motors is busy making marketing hay from its early payoff of $5.8 billion in loans, Senator Chuck Grassley and House Representative Darrell Issa aren't buying it. "It looks like GM merely used one source of TARP funds to repay another," said Grassley of General Motors financial moves. Grassley has asked for justification of the creative money-shuffling from Treasury Secretary Timothy Geithner.