Tag: GM

Michigan Republican Party: Saving the auto industry didn’t help Michigan’s economy

Michigan Republican Party: Saving the auto industry didn’t help Michigan’s economy

The Michigan Republican Party has continued Gov. Rick Snyder’s efforts to take credit for the economic improvements that have benefited the entire country, including our state. Here in Michigan, nothing has helped fuel economic growth like the resurgence of the vehicle manufacturing sector. Upwards of 60% of Michganders work in jobs that are impacted by vehicle manufacturing and, had our […]

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All of the Big 3 are surging and the Obama campaign wants you to remember why (VIDEO)

All of the Big 3 are surging and the Obama campaign wants you to remember why (VIDEO)

Betting on the American worker is ALWAYS a good bet

The Big 3 are doing pretty damn good right now. This week get reports that Ford and Chrysler experienced increased sales in October and GM’s stock price shot up after its third quarter report.

The Obama administration literally saved the domestic vehicle manufacturers and they would like to remind you of that. Video after the jump.

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Presidents Barack Obama and Lee Myung-bak from South Korea in Michigan (PHOTOS)

Presidents Barack Obama and Lee Myung-bak from South Korea in Michigan (PHOTOS)

This past Friday, U.S. President Barack Obama and South Korean President Lee Myung-bak visited a GM plant in Lake Orion, Michigan. The visit was, in part, a celebration of a new trade pact between our countries. Unlike previous free trade agreements, Democrats were able to win protections for American workers that will help guard against the types of abuses that […]

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Presidents Obama and Lee in Michigan today

Presidents Obama and Lee in Michigan today

Here are a couple of early photos by my wife Anne C. Savage from a visit to Michigan today by President Obama and South Korean President Lee Myung-bak. They were visiting GM’s Orion Assembly Plant, in part to tout the new trade agreement passed by Congress this week. Also, the President Obama told the crowd that, unlike Republicans, he believes […]

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If Mitt Romney wins the GOP nomination, he should probably just skip Michigan

If Mitt Romney wins the GOP nomination, he should probably just skip Michigan

I’m reading former Michigan Governor Jennifer Granholm’s new book A Governor’s Story in preparation for a review I’ll be writing for its release in a couple of days. I came across a paragraph which reminded me why Mitt Romney should probably just skip right over Michigan if he were to win the nomination. He should probably skip over Michigan trying […]

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Big Three sales up big time — double digits — over last year

Good news for the Rustbelt states like mine (Michigan): Ford sales up 19% over last year. GM up 11%. Chrysler up a whopping 31%. Ford actually sold more vehicles than GM for only the second time since 1998. Ford reported March sales of 212,777, up 19 percent from the same month a year ago. That compares with GM’s 206,621 sales […]

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An example of “shared sacrifice” right in front of us that WORKED

An example of “shared sacrifice” right in front of us that WORKED

Lots and lots and lots of talk these days about “shared sacrifice”. But, somehow all the sacrifice seems to be on those in the middle class or below. Comic by Mike Thompson – Detroit Free Press But there’s an example of TRUE shared sacrifice right in front of us today. And it worked. It’s the bailout and subsequent recovery of […]

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U.S. economy hitting its stride

More bad news (not) for the Obama administration. The U.S. economy is picking up a head of steam. The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas. The growth is boosting hopes for a stronger 2011. The Commerce Department reports Friday that growth […]

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Wikileaked: Netflix groped by TSA agents, Obama silent! (Not really.)

Cross-posted at Daily Kos. It’s true. I heard it on the Rec List at Daily Kos. Wikileaks is now releasing scads of documents proving that Netflix is being sexually groped by Comcast-funded TSA agents after being sterilized by PornoScanTM radiation. The worst part: President Obama hasn’t said a word about it. Not only is he failing to message this insanity […]

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UPDATED: GM’s back, Jack, and saying “Thanks!” to US taxpayers

UPDATED: GM’s back, Jack, and saying “Thanks!” to US taxpayers

It’s been a busy day over at the New York Stock Exchange. GM’s initial public offering (IPO) had its stock priced $33 but it opened well over that at $35.40. As I type this, the latest trade was $35.18. Detroit Free Press editorial cartoonist Mike Thompson perhaps put it best: Something tells me that that a whole lot of anti-auto […]

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GM’s IPO bigger than expected – US Govt. recoups extra $1B+

As I’ve written about before at Daily Kos and elsewhere (HERE and HERE, e.g.), GM has had remarkable success in 2010 and their impending initial public offering (IPO) Thursday is cause for some rejoicing. This morning we learn that GM’s share price, originally forecasted to be $26-29, will be $32-33, an increase of of about 14%. This will increase the […]

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