Bishop to Boycott Obama Commencement Speech
South Bend is heating up over the controversy surrounding Obama and the local bishop...Read the post2009 College Grads: We're the Lucky Ones
Why there is hope for the graduating Class of 2009, and how they can find work in a recession...Read the postBeer in Vending Machines -- What Drinking Age?
U.S. policies on drinking age seem restrictive when examining the rest of the world...Read the postHow The Press Can Remain Relevant
Is it any surprise that Obama has employed a strategy to cordon journalists that is similar to previous administrations?...Read the postBe Afraid, Cheney Warns. Be Very Afraid.
Just when you thought the Bush-era warnings of Armageddon around the corner were over, Cheney strikes again...Read the postObama: You Wouldn't Like Me When I'm Angry...
Obama threw down his stick, spat on the floor and growled in the face of cameras -- metaphorically... Read the postObama to GOP: 'I Won, I'm The President'
"You can't just listen to Rush Limbaugh and get things done," Obama told GOP leaders...Read the postPalin Seeks $11M Book Deal, but Can She Read?
One can only imagine what Republican rising star Sarah Palin could possibly write about in her memoirs...Read the post
politics
Obama Okays Purchase of 17,600 American Cars
Adam KirchnerPosted: Apr 11th 2009 3:31PM
Filed under: Politics, Breaking News, The Economy, Towson UniversityThe Obama Administration pledged to buy thousands of cars from American automakers that have been practically insolvent for months, in a press release dated April 9.
"The General Services Administration will spend $285 million of Recovery Act Funds to purchase about 17,600 commercially available fuel efficient vehicles for the government fleet before June 1, 2009," the press release states. "All purchases will be made from manufacturers with an existing contract with the GSA, which are General Motors, Chrysler and Ford. This includes the purchase of 2,500 hybrid sedans that will be ordered by April 15. This is the largest one-time purchase of hybrid vehicles for the federal government fleet in history."
Chrysler and GM had already been collectively granted $17.4 billion worth of Troubled Asset Relief Program loans in December, with the obligation to present the Obama Administration with restructuring plans to avoid bankruptcy by March 31. Having missed the deadline, they were granted another 30 and 60 days, respectively.
In other automaker bailout news, "the IRS is launching a campaign to alert consumers of a new tax benefit for auto purchases made between February 16th and the end of this year: if you buy a car, you may be able to deduct the cost of any sales and excise taxes," president Obama said in his remarks on March 30 regarding the failure of Chrysler and GM to restructure before the deadline. "This provision could save families hundreds of dollars and lead to as many as 100,000 new car sales," he added.
What part of spending $17.4 billion and then another $285 million in public funds saves taxpaying families hundreds of dollars? Or is "saving" a euphemism for relatively less rampant government spending?
And is that 100,000 new car sales plus the 17,600 purchased by the government, or is that actually just 80,000 new car sales plus the 17,600 purchased by the government to total "as many as 100,000 new car sales"? Because that sounds like the administration will be responsible for about 20% of what it suggests the private sector will do.
"The General Services Administration will spend $285 million of Recovery Act Funds to purchase about 17,600 commercially available fuel efficient vehicles for the government fleet before June 1, 2009," the press release states. "All purchases will be made from manufacturers with an existing contract with the GSA, which are General Motors, Chrysler and Ford. This includes the purchase of 2,500 hybrid sedans that will be ordered by April 15. This is the largest one-time purchase of hybrid vehicles for the federal government fleet in history."Chrysler and GM had already been collectively granted $17.4 billion worth of Troubled Asset Relief Program loans in December, with the obligation to present the Obama Administration with restructuring plans to avoid bankruptcy by March 31. Having missed the deadline, they were granted another 30 and 60 days, respectively.
In other automaker bailout news, "the IRS is launching a campaign to alert consumers of a new tax benefit for auto purchases made between February 16th and the end of this year: if you buy a car, you may be able to deduct the cost of any sales and excise taxes," president Obama said in his remarks on March 30 regarding the failure of Chrysler and GM to restructure before the deadline. "This provision could save families hundreds of dollars and lead to as many as 100,000 new car sales," he added.
What part of spending $17.4 billion and then another $285 million in public funds saves taxpaying families hundreds of dollars? Or is "saving" a euphemism for relatively less rampant government spending?
And is that 100,000 new car sales plus the 17,600 purchased by the government, or is that actually just 80,000 new car sales plus the 17,600 purchased by the government to total "as many as 100,000 new car sales"? Because that sounds like the administration will be responsible for about 20% of what it suggests the private sector will do.
Join The Discussion
Categories
Recent Comments »
Page 1/3
Post Your Comments Below
| 1 | 2 | 3 | Most Recent | Next 20 Comments
Joanie
11:26PM 11:26PM Apr 11th 2009
Obama (and his administration) is one big bad joke!
Rating :
Reply to this commentReport!
John padrick murry
8:36PM 8:36PM May 15th 2009
Amen to that you are right.
Rating :
Report!
Marylinc
11:29PM 11:29PM Apr 11th 2009
Wow car's they don't need. How do all you feel that voted for him? We are deeper in debt than ever in the history of the United States. Oh I forgot, this guy with no birth records in U.S. and was a hero that was going to get us out of debt. How do you feel now. Down the tube we go, and not only that our borders are not secure. Welcome all the killers who want to come in.
Rating :
Reply to this commentReport!
s
2:50PM 2:50PM Apr 12th 2009
So Marylinc, I suppose that you are a republican? The same kind of republican that voted for BJ( Bush Jr) and the same one that ok'd him to fight a war that he reated placing us in the position that we are in now. We did not need to fiight Iraq, he decided because of a family issue to put hundreds of thousands of people in harms way. Now lets not mention that he also signed the Nafta or the North American Fair Trade Act, that allowed the American people to be laid off by exporting their jobs to other countries. I suppose that you too, agreed with the 14.3 trillion that he used in the first 4 years to fight a war, and the aid that he gave to millionaires in the form of a tax break.....huh
Rating :
Report!
Pat
9:58AM 9:58AM Apr 12th 2009
How had your man Bush done in the previous eight years? You have a very short memory about those years. President Obama is trying to clean up his mess. And yes . . it will tax dollars to clean that mess up!
Rating :
Report!
j wagner
6:49PM 6:49PM Apr 12th 2009
I tip my hat to you, Mr. President, for showing more sense than the majority of the American public when it comes to buying cars. (That's part of the reason we got into this mess in the first place!) Buying American helps us ALL. But for some reason most don't get it.
Rating :
Report!
Gooverthere
7:24PM 7:24PM Apr 12th 2009
He is born in Hawaii! just take that out. and you are right on !
Rating :
Report!
terry
10:19PM 10:19PM Apr 12th 2009
If my memeory serves me correctly and the History books will back me up, before the democrats get a chance to rewrite them that is, William Jefferson Clinton's signature is on NAFTA. Please get your facts correct before bashing someone.
Rating :
Report!
charles
11:40PM 11:40PM Apr 12th 2009
If I was you I'd leave while the getting is good.
Rating :
Report!
www.myspace.comrubisthabestp
12:44AM 12:44AM Apr 12th 2009
I'm sick of people saying we in debt, we the richest country, billions it's like a penny to us.
Rating :
Reply to this commentReport!
Joe
5:21PM 5:21PM Apr 12th 2009
I have never commented on stuff like this, however this response about us (US) being the richest nation is part of the problem. Keep it up and we will all be broke.
Joe
Rating :
Report!
RH
8:01PM 8:01PM Apr 13th 2009
With 10 trillion dollars of national debt, how can we be the richest nation in the world. Please wake up, it is this attitude that got us in trouble in the first place. You, me and every single person in this country owes about $33,000 in national debt, not to mention mortgages and personal debt like credit cards and student loans. So you can pay my share if you are so rich because I am struggling like everyone else.
Rating :
Report!
Sam
1:34AM 1:34AM Apr 12th 2009
Nothing new about this purchase. Back in the early 1970's the government (US Post Office and other agencies) bought tens of thousands on Ford Pintos after the news of rear end crash fires and the government bought tens of thousands of K-Cars from Chrysler in the early 1980's when Chrysler was in financial trouble. The Federal Government has always been the largest buyer of Ford, Chrysler and GM vehicles.
Rating :
Reply to this commentReport!
Angiebaby
10:49AM 10:49AM Apr 12th 2009
Damn. I'm no longer laughing at the people who said "I don't have to worry 'cause Obama is going to pay my mortgage, and he's gonna' buy me a car" before the election.
Rating :
Reply to this commentReport!
nailager69
4:21PM 4:21PM Apr 12th 2009
why didnt this big eared idiot authorize these purchases months ago instead of handing out money? Instead of handing out money to groups like those commie acorn thievs he could have allocated money for every town in America to buy so many vehicles to stimulate the economy.It would have been a short term solution to keep things rolling.
Rating :
Reply to this commentReport!
delphinias
9:01PM 9:01PM Apr 12th 2009
As if spitting in the face of America and now-thrifty Americans, Chrysler rolled out a monstrous steel cage on 4 wheels as their Best & Brightest idea for Auto America.
Weighing over two tons and getting less than 20 miles to a gallon of gas, Chrysler’s tank certainly showed the rest of the World why American Corporations are leaders only in their willingness to take their Fatuous Salaries and their Fatuous Automobiles over the proverbial Niagra Falls of American Industry.
These ignorant mothers of abominations can see no further than their own bloated paychecks.
And Chrysler pulls the most fatuous move possible for an automaker - Trying to hook up with the Singularly Worst Auto maker in the World -Fiat!
We wager right now - The only way Americans will re-coup any tax-payer dollars from Corporately Corrupt Chrysler is to storm the company right now. Hit the show rooms! Hit the factories! And most importantly hit the Corrupt Corporate offices of Chrysler and grab all you can!
This Corrupt Corporation is going belly-up! So grab your part before it ends at the end of an auctioneer’s hammer!
Rating :
Reply to this commentReport!
delphinias
9:11PM 9:11PM Apr 12th 2009
As if spitting in the face of America and now-thrifty Americans, Chrysler rolled out a monstrous steel cage on 4 wheels as their Best & Brightest idea for Auto America.
Weighing over two tons and getting less than 20 miles to a gallon of gas, Chrysler’s tank certainly showed the rest of the World why American Corporations are leaders only in their willingness to take their Fatuous Salaries and their Fatuous Automobiles over the proverbial Niagra Falls of American Industry.
These ignorant mothers of abominations can see no further than their own bloated paychecks.
And Chrysler pulls the most fatuous move possible for an automaker - Trying to hook up with the Singularly Worst Auto maker in the World -Fiat!
We wager right now - The only way Americans will re-coup any tax-payer dollars from Corporately Corrupt Chrysler is to storm the company right now. Hit the show rooms! Hit the factories! And most importantly hit the Corrupt Corporate offices of Chrysler and grab all you can!
This Corrupt Corporation is going belly-up! So grab your part before it ends at the end of an auctioneer’s hammer!
Rating :
Reply to this commentReport!
tax awaaay
9:36PM 9:36PM Apr 12th 2009
Maybe it's just in Florida, but sales tax is already deductible (all sales tax).
Rating :
Reply to this commentReport!
If you have nothing good to say
9:40PM 9:40PM Apr 12th 2009
frankly, I am sick to DEATH of all the negative talk... SICK TO DEATH!
Didn't your mother teach you... if you don't have anything nice to say, say nothing at all?
It's because you only know how to complain (it's so easy)... and not come up with thoughtful, insightful answers to problems.
Stop bashing the President. Any one of you that thinks HE created this mess ... well... you're short a few brain cells or something. Pay attention, already.
TIME WILL TELL... IT ALWAYS DOES...
Rating :
Reply to this commentReport!
Delphinias
11:56PM 11:56PM Apr 13th 2009
Let's see. Don't say anything bad. Then, the writer proceeds to...say bad things, looking for missing brain cells, etc.
Rating :
Report!
| 1 | 2 | 3 | Most Recent | Next 20 Comments