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.
Word on the street is that President elect Barack Obama spent some time in the oval office yesterday with current President Bush talking about the auto industry, and the junior Senator from Illinois urged the President to address the automakers' dire situation post haste. The President seems to be on the same page, with word coming out of the White House that it would consider a congressional proposal to carve out $25 billion of the nation's $700 billion bailout plan just for the auto industry.
There has been a US ban on offshore oil drilling for the past 27 years, and George Bush Sr. signed off on an executive order echoing the ban in 1990. Originally, the ban was agreed upon to protect the beaches and tourism economies of coastal towns, and now global warming has been added into the mix.
We'll be honest. We didn't watch President Bush's State of the Union address last night, the final one of his second presidential term. Our disinterest can probably best be measured by the fact that the address being broadcast in high definition was the only draw for us, which got us to watch for about five minutes and then it was back to American Gladiators on the DVR. Apparently we didn't miss much as it relates to the auto industry. Automotive News reports that the president called for more f
var digg_url = 'http://digg.com/politics/President_Bush_signs_energy_bill_into_law'; This morning President Bush put pen to paper (no doubt one of those really cool American President pens) and signed into law the Energy Independence and Security Act of 2007, all 822 pages of it. As we all know by now, the pillar of the law is an increase in Corporate Average Fuel Economy standards to 35 mpg by 2020. The increases will be built up over time beginning with the 2011 model year, which really isn
Allan Mulally has already lived a very successful life, having helped save American icon Boeing, then taking over the reigns as Ford Motor Company's Chief Executive Officer. Now he has added 'the guy that saved President Bush' to the list. Mr. Mulally used his media audience at the New York Auto Show to tell a pretty great story about his recent trip to the White House.
There has been speculation in the last few days that President Bush would, in his State of the Union speech, announce a historic shift in the U.S. climate change policy. It seems that this is not the case. This topic will certainly not help any of the feelings of Tony Blair or Angela Merkel, chancellor of Germany, who both would like the U.S. to change its policy.
According to an AP item, some gas station owners in Oklahoma are actually dropping Citgo brand gas, blaming slumping sales on Venezuelan President Hugo Chavez's statements about President Bush being the devil. Citgo is a state-owned Venezuelan company.
In the never-ending saga between the Bush administration and Detroit's automakers, a tentative date has finally been set for a meeting.
Bigwigs from DiamlerChrysler, Ford Motor Company and General Motors will have to wait for their date with the President. The expected meeting between the Big Three and President George W. Bush is now slated for June 2, moved back from the May 18 date as previously reported. The CEO deligates and the White House would have readers believe that the change in date isn't actually a 'postponement,' but rather the first time a firm date has been set. Regardless of any calendar semantics, the
Following up on yesterday's post about the public opinion polls showing that American's want alternative fuels, and are even willing to pay a higher gas tax to make the U.S. more energy independent, I wanted to link to this opinion piece by Tom Bevan in last Friday's Real Clear Politics. Bevan takes a "no kidding" approach to looking at the history and possibilities of real political leadership which brought us the space program and the atomic bomb. He then ties this in with the alternative ener
Two weeks ago, President Bush and Transportation Secretary Norman Mineta asked Congress to give the President and the Department of Transportation more legal authority to raise the Corporate Average Fuel Economy (CAFE) mileage standards on passenger vehicles. One the one hand, this seems like a good idea: higher standards mean more miles per gallon, which means less gas is used which turns out to be good for just about everyone, as well as better for the environment. Of course, anything that inv