Are Consumers Using (evil) Capitalism to fight Government Motors?

Tom Blumer has a interesting perspective on the sharp decline – 42% and 45% – of GM and Chrysler.

Reviewing September’s detailed sales results in the car business carried at the Wall Street Journal, three things stick out immediately:

* The awful performance at General Motors — down 45% from September 2008.
* Chrysler’s even worse performance — down “only” 42% from September 2008, but a mind-boggling 61% from September 2007 (62,197 in 2009, 156,799 in 2007)
* Ford’s tiny decline of only 6% from a year ago, despite the end of the Cash For Clunkers program in August.

No other major maker had a year-over-year September decline that was even half of that seen at GM or Chrysler.

Yet the press, while beginning to acknowledge serious problems at the companies, both of which were first bailed out by the government and then taken through government-orchestrated, contract law-violating, UAW-favoring bankruptcies (GM discussed here, Chrysler here), still will not entertain the possibility, despite the evidence, that consumers are shunning them because of their bailed-out status and their heavy-handed tactics in bankruptcy. –

Obama’s Olympics: Epic Fail

If only we had elected someone that would make the world like us again… someone that could talk to even our enemies and get them to see things our way… oh well at least he’s historic: first major world leader to not get the Olympics after a personal pitch.

President Obama’s failure to grab gold in his personal quest to send the 2016 Olympics to Chicago was a stunning setback for a president who has enjoyed a pop star reception abroad.

But Obama’s stumble may cost him more than the $1.2 million of taxpayer money to make the overnight dash from Washington to Copenhagen.

Obama and first lady Michelle Obama risked their political capital and the prestige of the presidency on an enormous Olympic campaign that resulted in an early exit for Chicago and the top prize going to Rio de Janeiro.

After returning to Washington, Obama said he wished he had come back with better news on the Olympics but congratulated Brazil and thanked everyone who worked on Chicago’s bid.

“I’m proud I was able to come in and help make the case in person,” he said from the White House. “I believe it’s always a worthwhile endeavor to promote and boost the United States of America and invite the world to see what we’re all about.”

But critics immediately decried Obama’s visit to Copenhagen, the first time a U.S. president made such an in-person appeal.

“It demeans the office,” said GOP consultant Brad Blakeman, a former Bush administration official. “For the president to be reduced to the effect of the Billy Mays pitchman for the United States to get the Olympics for his home city of Chicago is just not something that presidents do.”

Blakeman said Obama spent more time wooing International Olympic Committee officials than he did in his meeting with Gen. Stanley McChrystal, the top commander in Afghanistan, before returning to Washington.

“His priorities are screwed up and the American people are seeing that this president just doesn’t get the effects and importance of governing,” Blakeman told FOX News.

Instead of making a personal appearance, Blakeman said Obama should have sent a delegation led by the first lady and the mayor of Chicago. – FoxNews

Michelle Obama’s Sacrifice: Travel to Europe, Pitch Olympics

When Obama talks about the sacrifices we all need to make for the country in his speeches, I did realize he meant trips to Europe!

Viva la People’s Republic!

In her speech in Copenhagen today, First Lady Michelle Obama said her trip to Denmark, along with the travel of her “dear friend” and “chit-chat buddy” Oprah Winfrey, as well as tomorrow’s visit by President Obama, is a “sacrifice” on behalf of the children of Chicago and the United States. “As much of a sacrifice as people say this is for me or Oprah or the president to come for these few days,” the first lady told a crowd of people involved in the Chicago project, “so many of you in this room have been working for years to bring this bid home.” –

An Inconvenient Tax Movie Trailer

An Inconvenient Tax sheds light on one of America’s messiest problems – a fundamentally broken tax code that affects every part of people’s lives. With the U.S. Congress making over 16,000 changes to the tax code in the last two decades alone, many Americans want something better, but few know where to start. This feature-length documentary film reveals the many ways Congress uses the tax code to achieve political goals that have nothing to do with raising revenue. It also tackles the controversial issue of tax reform through a non-partisan presentation of U.S. tax history and current proposals to fix the code. In a time when America faces fiscal crisis, An Inconvenient Tax brings a crucial exploration of the tax code to the big screen.