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Adventures in Crony Capitalism

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lil mike
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« Reply #15 on: December 27, 2011, 06:51:49 pm »

And of course one of the biggest examples of Crony Capitalism...

http://www.thetruthaboutcars.com/2011/12/feds-predict-the-future-of-the-auto-industry-foresee-chrysler-freefall-gm-stagnation/

Feds Predict The Future Of The Auto Industry, Foresee Chrysler Freefall, GM Stagnation

Reasonable minds can disagree about the wisdom of the auto bailout, but according to analysis by the EPA and Department of Transportation (based on data from the Department of Energy and auto forecasters CSM), the Government’s rescue of GM and Chrysler may not have been the best idea (at least from a market perspective). According to data buried in the EPA/DOT proposed rule for 2017-2025 fuel economy standards [PDF here], Fiat-Chrysler is predicted to be the sick man of the auto industry by 2025, losing over half of its 2008 sales volume, while GM is expected to improve by only 3%, the second-worst projected performance (after Aston-Martin). In terms of percentages, even lowly Suzuki and Mitsubishi are projected to grow faster than The Mighty General. Ouch.
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Howey
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« Reply #16 on: December 27, 2011, 07:23:19 pm »

And of course one of the biggest examples of Crony Capitalism...

http://www.thetruthaboutcars.com/2011/12/feds-predict-the-future-of-the-auto-industry-foresee-chrysler-freefall-gm-stagnation/

Feds Predict The Future Of The Auto Industry, Foresee Chrysler Freefall, GM Stagnation

Reasonable minds can disagree about the wisdom of the auto bailout, but according to analysis by the EPA and Department of Transportation (based on data from the Department of Energy and auto forecasters CSM), the Government’s rescue of GM and Chrysler may not have been the best idea (at least from a market perspective). According to data buried in the EPA/DOT proposed rule for 2017-2025 fuel economy standards [PDF here], Fiat-Chrysler is predicted to be the sick man of the auto industry by 2025, losing over half of its 2008 sales volume, while GM is expected to improve by only 3%, the second-worst projected performance (after Aston-Martin). In terms of percentages, even lowly Suzuki and Mitsubishi are projected to grow faster than The Mighty General. Ouch.

HAHAHHAHAHAHHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAAAAAAAAAAAAAAAAAAA!

Meanwhile, back on the nutfarm, lilMike predicts we'll all be driving this in the next 25 years!





You sure are coming up with some crazy shit on that Circle Jerk of Attribution™ forum you've been hanging at!



« Last Edit: December 28, 2011, 12:20:02 pm by Howey » Report Spam   Logged

lil mike
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« Reply #17 on: January 24, 2012, 10:32:03 pm »

It seems that cancelling Keystone did help an Obama backer...

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/23/bloomberg_articlesLY20WE6K50Z001-LY9YF.DTL

Buffett's Burlington Northern Among Pipeline Winners

Jan. 23 (Bloomberg) -- Warren Buffett's Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration's decision to reject TransCanada Corp.'s Keystone XL oil pipeline permit.



The President does remember his friends!
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Howey
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« Reply #18 on: February 18, 2012, 12:43:12 pm »

Solyndra didn’t stick and this one won’t either.  The MSM just won’t cover these kind of stories when they are still trying to get Obama re-elected.  But I know the administration is crooked.  You of course, don’t care.


I'm sure if the administration was "crooked", Issa's gang of bums would have been able to dig up something, anything on Solyndra, huh?
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One year ago today, Reps. Fred Upton (R-Mich.) and Cliff Stearns (R-Fla.) — chairs of the House Energy Committee and Oversight Subcommittee respectively — sent a letter to Energy Secretary Steven Chu “seeking documents and information about a $535 million loan guarantee … awarded to Solyndra, Inc.”

That letter marked the beginning of an investigation that has since involved 31 more congressional letters, five congressional committee hearings, nine congressional committee staff briefings, 187,000 pages of documents from the administration, 72,000 pages of documents from Solyndra investors, testimony from five administration officials from three different departments, and a sworn committee interview with an Obama “bundler.

What are the results of this expansive (and no doubt expensive) investigation?

Bupkis. Nothing.

The Solyndra loan appears today, as it appeared a year ago, a decision made based on merits, undone by economic shifts in the international solar market, with embarrassing political optics. There has been no evidence of wrongdoing. There is no “scandal.”

I guess you're going to move on to Tonopah Solar Energy now, right?
« Last Edit: February 18, 2012, 05:45:45 pm by Howey » Report Spam   Logged

ekg
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« Reply #19 on: February 19, 2012, 12:50:28 pm »



  But I know the administration is crooked. 


nah, he doesn't hate Obama..
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Facts are the center. We don’t pretend that certain facts are in dispute to give the appearance of fairness to people who don’t believe them.  Balance is irrelevant to me.  It doesn’t have anything to do with truth, logic or reality. ~Charlie Skinner (the Newsroom)
Howey
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« Reply #20 on: February 19, 2012, 01:06:11 pm »

nah, he doesn't hate Obama..

Of course not! He loves the black man! I'm busy packing and stuff for ourvacation but I'll be posting later about the most vile exajple of crony capitalism I've ever heard of - involving a curreent Republican frontrunner, of course!
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