Tag Archives: president obama

Ex President George Bush Endorses Federal Auto Bailouts

Former President George W. Bush received large ovations as he addressed the National Automobile Dealers Association Convention yesterday in Las Vegas. Bush’s message on the controversial government bailouts of the U.S. auto industry was simple “I’d do it again,” he told standing-room-only crowd of mostly affluent auto dealers. Continue reading

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December U.S. Unemployment at 8.5% Remains at Crisis Levels

The 200,000 employment increase is roughly half of what is needed each month to return the almost 20 million under-employed and unemployed back to full-time work as taxpayers in the still ailing U.S. economy. At this rate it will take a decade or more to return to pre-Great Recession levels. Since 80% of workers in the U.S. commute to work in a vehicle, the unemployment crisis hurts the auto industry’s prospects and its own fragile, mostly jobless, recovery that is underway. Continue reading

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EPA to Study Hydraulic Fracturing Effects on Drinking Water

The U.S. Environmental Protection Agency (EPA) has announced its final research plan on hydraulic fracturing, a controversial technique used to extract natural gas that critics maintain has a huge negative impact on the environment with costs passed on to the public by energy companies. Proponents of natural gas maintain that it is a cleaner fuel than oil, and the Federal government is subsidizing vehicles that use it. Continue reading

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President Obama and South Korean President Lee Defend Korean FTA at a Michigan General Motors Small Car Plant

President Barack Obama and South Korean President Lee Myung-bak toured the General Motors Orion Assembly Plant on Friday and spoke to several hundred workers and guests in support of the pending U.S-South Korean Free Trade Agreement. The rally came as U.S. long term unemployment remain at record post Great Depression levels. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world, and – up to now – its car market has been closed. Continue reading

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President Obama Unveils 54.5 MPG Fuel Economy Regulation for 2017-25. It will Alter Vehicle Choices and Increase Costs

In a thirteen minute speech in Washington this morning, President Obama revealed his proposal for doubling the fuel economy of vehicles sold in the U.S. by 2025. This proposal, which will apply to cars and light trucks sold during model years 2017 to 2025, establishes a global warming pollution standard of 163 grams of CO2 per mile per new vehicle by 2025—the equivalent of 54.5 mpg if – big if – all the improvements are met through actual increases in fuel-efficiency. Continue reading

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Reducing Oil Imports – Assumptions in New Independence Plan

In 2008, America imported 11 million barrels of oil a day. By 2025 the U.S. will have cut that by one-third – about where we were in 1975, according to an energy independence plan outlined by President Obama yesterday. Continue reading

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