Toyota halts sales and expands recall

No, before you click off the page, thinking you have reached the wrong blog, this is still Political Realities. Before you get carried away with the leaving part, please read the article, as it is very important, especially if you own a Toyota or Lexus vehicle. Since I work in the automotive service industry, I [...]

Were Chrysler dealership closings politically motivated?

The articles I have written so far about the troubles of General Motors and Chrysler have been posted in Economy, but this article belongs in the US News/Politics category. Since the announcement by Chrysler that 789 of their 3,300 dealers were going to be closed, there has been a growing hubbub of speculation about the [...]

Senators Inhofe and Coburn react to Sotomayor nomination

As the news story of Judge Sonia Sotomayor’s nomination to the Supreme Court continues to progress, the reactions from both sides of the political spectrum are as I expected. The Democrats are lauding it as a masterful nomination by President Obama and for the most part, Republicans are sounding cautious optimism. As I pointed out [...]

GM and Chrysler ask for more money

Will the bailouts never cease? It seems there is no end in sight for the federal government to stop handing out taxpayer dollars to companies who are in danger of going bankrupt.
In plans file with the federal government on Tuesday, General Motors and Chrysler have said they need at least $39 billion to make sure [...]

Compromise on Big Three bailout reached, but faces uphill Senate battle

Even though the general consensus of the public and the Senate seems to be against a bailout of the Big Three auto companies, certain members of the Senate seem determined to pass a compromise. Carl Levin, D-Mich and Kit Bond, R-MO called a news conference today to announce the plans. From FOX News:
Warning of economic [...]

Bailout for the auto industry?

I have touched on this subject in an earlier article, but it looks like pressure is mounting to supply bailout money to General Motors, Ford Motor Company, and Chrysler. Just like happened with the original bailout plan by Henry Paulson, we are being told the time to act is now. The Big Three may not [...]

Free healthcare equals a financial bailout for the automotive industry

First, there was Fannie Mae and Freddie Mac receiving help from the federal government. Then Lehman Brothers was allowed to go belly up, before AIG received some $85 billion dollars in their own financial bailout. Not long after that, the $700 billion bailout package was passed by Congress, after being touted as a necessary evil [...]