Bailing out automakers major mistake

Freedom New Mexico Don’t say we didn’t warn that the billions of dollars in bailout money the feds targeted to two failing automakers would end up being money down a rat hole. A new U.S. Government Accountability Office report provides an analysis of the government-driven restructuring efforts of the auto industry. USA Today quoted a […]

Auto dealers hope incentives spur sales

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Freedom New Mexico illustration: Kevin Wilson By Kevin Wilson: Freedom New Mexico U.S. automakers are rolling out payment protection plans to ease potential buyers worried about job security. But in eastern New Mexico, car dealers are optimistic that isn’t the key motivation for customers. “I haven’t had anybody who’s needed it, and that’s a good […]

Editorial: Automakers no longer shielded from feds

We pored through the U.S. Constitution and just couldn’t find the clause that says, “the president of the United States shall have the authority to fire the president of any corporation with whom he is dissatisfied.” Maybe it was an amendment that hadn’t been printed yet in the edition we have? We understand the argument […]

Auto industry doesn’t deserve federal bailout

Freedom New Mexico U.S. automakers have been running on empty for years. Now they want American taxpayers to fill up their tank. Detroit’s Big Three — General Motors, Ford and Chrysler — are seeking a slice of the $700 billion federal bailout pie to help them meet payroll and fund pension obligations. And they have […]

Taxpayer dollars don’t belong to automakers

Freedom New Mexico The Big Three U.S. automakers were busy at the political conventions of both major parties this year, lobbying for more gravy from the taxpayers. Specifically, they’re not satisfied with the $25 billion in low-interest loans Congress voted to grant them last year, ostensibly to help them develop new fuel-efficient cars and retool […]