So-called progressives have no problem taking from the working class to give to the rich – so long as it’s the rich of their choosing… via L.A. Liberty
The Fisker Karma is Back
What if you build it – and they don’t come?
Send the bill to the taxpayers!
This is how you make money in the New America. Well, the green America.
Don’t earn it.
The “business model” is simple enough: Glom on to a politically high-fashion issue – electric cars, for instance. Then obtain government (meaning, taxpayer) “help” to fund their design and manufacture. When no one – or not enough – people buy your electric wunderwagen, simple declare bankruptcy and walk away.
With your pockets full of other people’s money.
Then, when the smoke clears, do it again.
And is getting ready to do a second time.
Back in ’09, the company secured $529 million in government loans, which were being doled out generously by the Obama administration (and previously by the Bush administration) under the auspices of something called the Advanced Technology Vehicles Manufacturing Loan Program.
Well, “loan” is not exactly accurate – because the government doesn’t really have any money of its own to loan. It only has the money it takes from you and me others via taxation. So what really happened is that the government forced the taxpayers of the United States to loan Fisker $529 million. (It also forced the taxpayers to “help” fund another electric boondoggle, the infamous – but now forgotten – Solyndra debacle.)
Fisker, like Tesla, specializes in high-dollar electric exotic cars that – so far – have not earned an honest dollar but have cost taxpayers hundreds of millions. Billions, actually. The reason for this ought to be obvious – no engineering degree required.
Electric cars make sense when they are economical cars.
To date, no one has managed to manufacture one. They cost more – overall – to own than conventional cars and they also (unlike conventional cars) have functional liabilities that include long recharge times and limited range. Rather than focus on – and fix – these issues, which might make for a marketplace-viable electric car, manufacturers like Fisker and Tesla build high-performance, flashy and very, very expensive electric cars. On the theory that sex appeal rather than economic sense will sell ’em. … [B]uying a Fisker or a Tesla literally triples or quadruples the cost of driving.
Yes, yes, the cars are sleek and sexy – and even quick.
Which is as relevant insofar as the bottom-line purpose of an electric car… People in a position to buy a six-figure Fisker Karma (like the actor Leonardo diCaprio, for instance) are not struggling to pay their fuel bills.They buy a Fisker or a Tesla as a fashion statement.
But the people who are concerned about gas bills aren’t in the market for a six-figure Fisker.
Hence the need for government “help.”
When you can’t sell ’em, force others to subsidize ’em. Read the rest of this entry »
Party’s ‘safe haven’ may see a few bumps in the road – and rumours of Joe Biden considering a run – but strategists agree she remains Republicans’ top opponent.
Lauren Gambino writes: Not so long ago, Hillary Clinton’s supporters main concern seemed to be a fear that her coronation as the Democratic candidate for president would leave her unprepared for battle with the Republican nominee.
Now, by all metrics, the former secretary of state retains a historically strong lead in the race to secure her party’s nomination. She is well ahead of the other declared candidates in terms of poll numbers, money and endorsements. But a succession of setbacks and the possibility of another mainstream rival joining the race has, to some degree, checked the presumptiveness of the presumptive candidate.
This was a week that started out on a high note, with the rollout of Clinton’s college affordability plan, a policy prescription driven in large part by the party’s progressives. But the spotlight quickly moved to escalating investigations into the private email account the candidate used while secretary of state, and a drop in polls as reports renewed speculation that vice-president Joe Biden may join the race. Read the rest of this entry »
A Case Study of How Regulation Harms Poor People
License to Work: A National Study of Burdens from Occupational Licensing is the first national study to measure how burdensome occupational licensing laws are for lower-income workers and aspiring entrepreneurs.
The report documents the license requirements for 102 low- and moderate-income occupations—such as barber, massage therapist and preschool teacher—across all 50 states and the District of Columbia. It finds that occupational licensing is not only widespread, but also overly burdensome and frequently irrational.
On average, these licenses force aspiring workers to spend nine months in education or training, pass one exam and pay more than $200 in fees. One third of the licenses take more than a year to earn. At least one exam is required for 79 of the occupations.
Barriers like these make it harder for people to find jobs and build new businesses that create jobs, particularly minorities, those of lesser means and those with less education.
License to Work recommends reducing or removing needless licensing barriers. The report’s rankings of states and occupations by severity of licensure burdens make it easy to compare laws and identify those most in need of reform.
A favorite tactic of Obama and members of his Regime, is to run with the biggest, boldest lie possible, and dare anyone to question it. Eric Holder – easily the most corrupt Attorney General in our nation’s history – fully embraced that tactic in spectacular fashion at a press conference Tuesday when he made the ludicrous claim that he cleaned up Bush’s Justice Dept.
Yep. He actually said that.
Attorney General Eric Holder pushed back against Republicans who said the Justice Department, under his leadership, had become little more than a political machine to push liberal causes — and said that he’s actually cleaned up all the politicking that had taken place under the former Bush administration.
In a press conference that began with his personal introduction — “For the record, I am Eric Holder” — the exiting agency head took shots at critics who suggested…
View original post 484 more words
[VIDEO] Pelosi on CNN: Wait, I Was Told I Could Bash Republicans, Why Do We Have to Talk About NEWS? We’re Out of Time?Posted: July 27, 2014
White House Officials: ‘Very Significant’ Immigration Executive Actions Needed for the ‘Survival of the Democratic Party’Posted: July 26, 2014
From The Butcher’s Notebook: White House officials said on Friday that President Barack Obama will enact “very significant” executive actions on immigration at the end of summer, “not because it’s good for America, but because it’s essential for the survival of the Democratic party.”
“American voters are beginning to figure out that progressive policies don’t work, because they’re not designed to work. There’s only so long we can get away with this before voters rebel, and special interest groups stop donating money. We can’t change American’s minds about this. We can’t win the argument, so we have to change the voters,” said a Democratic campaign official, speaking informally, on the condition of anonymity. “Can we get another drink over here?”
“The president assured us that pissing off Republicans is personally more important to him than policy success.”
“Look. We may not be able to change the voters overnight. But we can sure as hell accelerate the process, by granting citizenship to the Democratic voters of tomorrow,” adding “without it, the Democratic party has no hope in hell of surviving past the next twenty years.”
Sitting in a corner booth in the lounge of a Chinese restaurant in suburban Washington D.C., after a few lines of coke, a few tabs of MDMA, a few injections of sodium pentathol, and a fresh round of drinks–mistakenly assuming he was speaking off the record–the senior White House official ventured further.
“Democracy is a means to an end. You need it, temporarily, to get your party in power. Once you do that, you have the tools to undermine it, a stage at a time. Not all at once. Otherwise, people catch on.”
“Look. Our opponents are at a disadvantage, because they’re all hung up on ‘playing by the rules’. You know, the constitution, rule of law, separation of powers, all that idealistic, parchment-paper 18th-century crap. We’re not interested in ‘rules’, and ‘laws’. They are a barrier to our goal of accumulating power. That’s how the big boys did it, before the American revolution.” Read the rest of this entry »
Justin Danhof, Director of the Free Enterprise Project (and one of Tim Cook’s least favorite investors) joined the program to discuss his recent dust-up with the Apple CEO… Apparently, Cook thinks that return on investment isn’t nearly as important as pursuing “green energy” dollars from DC.
Click here to listen to Ransom Notes Radio live or for archives of previous shows.
Over at the Corner, Veronique de Rugy has this treat: Like every year, we can expect that bankers, farmers, green-energy providers, defense contractors, health insurers, and other protected industries will be among the winners of the agenda the president outlines in tomorrow night’s State Of Union Address. Well, now they have hot new toys to represent them and this very funny video to tell their story:
at the DC Auto Show. The subject he chose for his first full length documentary, is the cronyism that he believes brought down Detroit. In the documentary, he examines why Detroit failed and what rest of the country needs to do and avoid Detroit’s fate.
Here’s the trailer:
The website for Bankrupt is here. It will be freely available on YouTube after the premiere.
Reminder: large corporations are not, in general, supporters of free enterprise
John Hinderaker writes: The Center for American Progress is a left-wing organization that is closely associated with the Obama administration. Its principal product is a web site called Think Progress. Think Progress is part of the internet cesspool that modern liberalism has become. Written by hack left-wing bloggers, it is bitterly hostile to free enterprise. It is a low-rent site that traffics in the most absurd smears and conspiracy theories. Many have wondered for some years who finances far-left web sites like Think Progress. As of today, we know at least part of the answer, as CAP released its corporate donor list for the first time.
CAP says that individuals and foundations account for more than 90% of its funding, and corporations only around 6%. It would be interesting to see the individual and foundation donor list; my guess is that left-wing foundations, most of which spend money left by dead conservatives, would loom large. But what corporations fund Think Progress’s anti-free enterprise propaganda? The full list is here; it includes: