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Showing posts with label Cars. Show all posts
Showing posts with label Cars. Show all posts

Tuesday, January 3, 2017

TRUMP'S CAMPAIGN PROMISES (ILLEGAL IMMIGRATION)






"You look at our Borders, they're like Swiss cheese."
Donald J. Trump, 2016


TRUMP'S CAMPAIGN PROMISES (ILLEGAL IMMIGRATION):

HE FOCUSES ON PROTECTING AMERICA'S BORDERS.

CRITICIZES GENERAL MOTORS FOR MANUFACTURING CARS IN MEXICO.

PLEASE PRAY FOR ALL U.S. MILITARY TROOPS & VETS.


Sources: DonaldTrump.com, CNBC, Fox News, Reuters, Youtube



***** Donald J. Trump’s 10 Point Plan to Put America First


1. Begin working on an impenetrable physical wall on the southern border, on day one. Mexico will pay for the wall.

2. End catch-and-release. Under a Trump administration, anyone who illegally crosses the border will be detained until they are removed out of our country.

3. Move criminal aliens out day one, in joint operations with local, state, and federal law enforcement. We will terminate the Obama administration’s deadly, non-enforcement policies that allow thousands of criminal aliens to freely roam our streets.

4. End sanctuary cities.

5. Immediately terminate President Obama’s two illegal executive amnesties. All immigration laws will be enforced - we will triple the number of ICE agents. Anyone who enters the U.S. illegally is subject to deportation. That is what it means to have laws and to have a country.

6. Suspend the issuance of visas to any place where adequate screening cannot occur, until proven and effective vetting mechanisms can be put into place.

7. Ensure that other countries take their people back when we order them deported.

8. Ensure that a biometric entry-exit visa tracking system is fully implemented at all land, air, and sea ports.

9. Turn off the jobs and benefits magnet. Many immigrants come to the U.S. illegally in search of jobs, even though federal law prohibits the employment of illegal immigrants.

10. Reform legal immigration to serve the best interests of America and its workers, keeping immigration levels within historic norms.

---------------------------------------------



**** Trump team seeks agency records on border barriers, surveillance

In a wide-ranging request for documents and analysis, President-elect Donald Trump's transition team asked the Department of Homeland Security last month to assess all assets available for border wall and barrier construction.

The team also asked about the department's capacity for expanding immigrant detention and about an aerial surveillance program that was scaled back by the Obama administration but remains popular with immigration hardliners. And it asked whether federal workers have altered biographic information kept by the department about immigrants out of concern for their civil liberties.

The requests were made in a Dec. 5 meeting between Trump's transition team and Department of Homeland Security officials, according to an internal agency memo reviewed by Reuters. The document offers a glimpse into the president-elect's strategy for securing the U.S. borders and reversing polices put in place by the Obama administration.

Trump's transition team did not comment in response to Reuters inquiries. A spokeswoman for the Department of Homeland Security and U.S. Customs and Border Protection declined to comment.

In response to the transition team request, U.S. Customs and Border Protection staffers identified more than 400 miles along the U.S.-Mexico border, and about the same distance along the U.S.-Canada border, where new fencing could be erected, according to a document seen by Reuters.

Reuters could not determine whether the Trump team is considering a northern border barrier. During the campaign, Trump pledged to build a wall and expand fencing on parts of the U.S.-Mexico border but said he sees no need to build a wall on the border with Canada.

One program the transition team asked about, according to the email summary, was Operation Phalanx, an aerial surveillance program that authorizes 1,200 Army National Guard airmen to monitor the southern border for drug trafficking and illegal migration.

The program once deployed 6,000 airmen under President George W. Bush but was downsized by Barack Obama, a move blasted by some conservatives who argue the surveillance is vital to border security.

POLICY SHIFT

The transition team also asked for copies of every executive order and directive sent to immigration agents since Obama took office in 2009, according to the memo summarizing the meeting.

Trump has said he intends to undo Obama's executive actions on immigration, including a 2012 order to allow children brought to the U.S. illegally by their parents to remain in the country on temporary authorizations that allow them to attend college and work.

The program, known as DACA, collected information including participants' addresses that could theoretically be used to locate and deport them if the policy is reversed. Another request of the transition team was for information about whether any migrant records have been changed for any reason, including for civil rights or civil liberties concerns, according to the internal memo seen by Reuters.

Monday, June 13, 2011

Mitt Romney's Job Killing Record: "Let Detroit Go Bankrupt!!"















Romney's jobs record to be scrutinized in race


Republican heavyweight Mitt Romney, in a second bid for the White House, is promoting his private-sector business experience to show he could do better than President Barack Obama in creating jobs.

But opponents will find fault in his record as a corporate raider in the 1980s and as Massachusetts governor when his performance on employment was mixed at best.

Romney stressed his experience as head of private equity firm Bain Capital when he announced on Monday he was forming an exploratory committee on seeking the Republican 2012 nomination to challenge Obama, a Democrat.

He made a fortune wheeling and dealing in companies, some of which endured big job cuts as part of restructuring. Some ultimately went bankrupt.

"He was a corporate raider who often made companies profitable, not by helping them perform better -- but by simply laying off employees and killing jobs," said Ray Buckley, Democratic Party chairman of New Hampshire.

Bain Capital, which Romney headed for more than a decade, specialized in leveraged buyouts: buying companies with money borrowed against their assets, grooming them to be sold off, and in the interim collecting huge management fees.

Later, as Massachusetts governor from January 2003 to January 2007, Romney presided over one of the puniest rates of employment growth among the 50 U.S. states, at a time the nation's economy was booming.

Labor Department figures showed Massachusetts ranked 47th among the states in the rate of jobs growth in those four years -- ahead of only Ohio, Michigan and Louisiana.

The Democratic party will attempt to pick holes in Romney's jobs record if he wins the Republican nomination, a party strategist said. Romney is an early front-runner to win the nomination and some polls even show him ahead of Obama in states such as Florida, Georgia and New Hampshire. He has high name recognition and a powerful fund-raising machine.

A SHARP LINE

Romney announced his first formal step for a presidential run on Monday in a short video shot at the University of New Hampshire, in which he drew a line between himself and Obama, criticizing the president for surrounding himself with people who "have never worked in the real economy."

That could be a persuasive argument at a time the world's largest economy is not growing quickly enough to make a sizable dent in the jobless rate, still at 8.8 percent, after a recession that ended in 2009.

To bolster his image as a job creator, Romney, 64, said in his video that Bain Capital started with just 10 employees and grew to hundreds of workers.

While the firm certainly grew, the impact on Bain's targets was often different. "Sometimes I was successful and help create jobs, other times I was not," Romney said in the video.

Romney faces several hurdles to win the Republican nomination and get a shot at Obama: his Mormon faith, his ideological makeover since leaving the Massachusetts governor's post, and the Massachusetts healthcare reform program that became the basis for Obama's national policy.

Still, Romney does have attributes that could appeal to traditional Republicans and independent voters.

The fiscal conservative has the looks and clean-cut image of a 1950s matinee idol. He and wife Ann have been married since 1969, and have five sons and 16 grandchildren.

"Romney would be Obama's toughest challenge. Romney looks presidential -- teeth gleaming white, jaw perfectly sculpted," Robert Reich, labor secretary under President Bill Clinton, said of Romney.

In a Wall Street Journal/NBC News poll last week, Romney came out on top, supported by 21 percent in a nine-candidate field.

Many voters also warm up to Romney's unbridled optimism about the United States.

The title of his 2009 book/policy manifesto, "No Apology: The Case for American Greatness" (the subtitle was revised to "Believe in America" for the paperback edition) was in part a dig at Obama's habit of showing humility on the world stage.





Let Detroit go bankrupt


If General Motors, Ford and Chrysler get the bailout that their chief executives asked for on Tuesday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

I love cars, American cars. I was born in Detroit, the son of an auto chief executive. In 1954, my dad, George Romney, was tapped to run American Motors when its president suddenly died. The company itself was on life support - banks were threatening to deal it a death blow. The stock collapsed. I watched Dad work to turn the company around - and years later at business school, they were still talking about it. From the lessons of that turnaround, and from my own experiences, I have several prescriptions for Detroit's automakers.

First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota. Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.

That extra burden is estimated to be more than $2,000 per car. Think what that means: Ford, for example, needs to cut $2,000 worth of features and quality out of its Taurus to compete with Toyota's Avalon. Of course the Avalon feels like a better product - it has $2,000 more put into it. Considering this disadvantage, Detroit has done a remarkable job of designing and engineering its cars. But if this cost penalty persists, any bailout will only delay the inevitable.

Second, management as is must go. New faces should be recruited from unrelated industries - from companies widely respected for excellence in marketing, innovation, creativity and labor relations.

The new management must work with labor leaders to see that the enmity between labor and management comes to an end. This division is a holdover from the early years of the last century, when unions brought workers job security and better wages and benefits. But as Walter Reuther, the former head of the United Automobile Workers, said to my father, "Getting more and more pay for less and less work is a dead-end street."

You don't have to look far for industries with unions that went down that road. Companies in the 21st century cannot perpetuate the destructive labor relations of the 20th.

This will mean a new direction for the UAW, profit sharing or stock grants to all employees and a change in Big Three management culture.

The need for collaboration will mean accepting sanity in salaries and perks. At American Motors, my dad cut his pay and that of his executive team, he bought stock in the company, and he went out to factories to talk to workers directly. Get rid of the planes, the executive dining rooms - all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat.

Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options.

Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies - especially fuel-saving designs - that may not arrive for years. Starving research and development is like eating the seed corn.

Just as important to the future of American carmakers is the sales force. When sales are down, you don't want to lose the only people who can get them to grow. So don't fire the best dealers, and don't crush them with new financial or performance demands they can't meet.

It is not wrong to ask for government help, but the automakers should come up with a win-win proposition. I believe the federal government should invest substantially more in basic research - on new energy sources, fuel-economy technology, materials science and the like - that will ultimately benefit the automotive industry, along with many others.

I believe Washington should raise energy research spending to $20 billion a year, from the $4 billion that is spent today. The research could be done at universities, at research labs and even through public-private collaboration. The federal government should also rectify the imbedded tax penalties that favor foreign carmakers.

But don'task Washington to give shareholders and bondholders a free pass - they bet on management and they lost.

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs.

The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk. In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check.



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Sources: CNN, Fox News, NY Times, Reuters, Youtube, Google Maps

Friday, June 3, 2011

Obama Touts Auto Industry Manufacturing Jobs Success! 2012 Political Victory!








The Success Of Pres. Obama's Investment In The American Auto Industry (Manufacturing Jobs) Are The Type Of Political Successes He Should Be Throwing Back In GOP Leaders' Faces As They Slam His Efforts To Restore An Economy Previously Destroyed By George W. Bush's Deregulated Wall Street Policies.

Great Job Pres. Obama!

VOTE OBAMA IN 2012







In Ohio, Obama defends policies in face of disappointing jobs report

President Obama on Friday strongly defended his policies, especially the federal bailout of the auto industry, and pledged to fight to improve the economy, which still faces challenges to recover from a grueling recession that he inherited.

Speaking at a Chrysler plant in Toledo, Ohio, the president indirectly noted the poor jobs report that was released earlier in the day.

The unemployment rate rose to 9.1% in May, But Even More Striking The Net Increase In Jobs Was Just 54,000 A Relatively Lackluster Number.

"There are always going to be bumps on the road to recovery. We're going to pass through some rough terrain, that even a Wrangler would have a hard time with," Obama told the workers, citing the Chrysler Corp.'s off-road SUV.

The audience shouted back "No!" and Obama added with a grin: "Wrangler can go over anything, huh?"

Though he didn't directly mention the poor jobs report, it was clearly on the president's mind as he praised the government bailout of the auto industry as necessary to help some workers keep their jobs and to aid businesses that depended on workers' spending money in their communities. He carefully noted that Chrysler had paid back its loans from his administration earlier than expected.

"I don't want to pretend like everything's solved. We've still got a long way to go, not just in this industry, but in our economy," Obama said, mentioning "all of our friends, all of our neighbors who are still feeling the sting of recession. There's nobody here who doesn't know somebody who is looking for work and hasn't found something yet.

"This economy took a big hit. You know, it's just like if you had a bad illness," Obama said of the recession. "If you got hit by a truck, it's going to take a while for you to mend. That's what's happened to the economy, it's taking a while to mend.

"There are still some headwinds coming at us," Obama said, citing rising gasoline prices, political instability in the Mideast and the economic disruption from the earthquake and tsunami in Japan as among the difficulties that have hurt the economic recovery.

The economy is expected to be the key battleground in the 2012 elections, and Republicans lost no time in citing the new jobs report as an indication of what they called the failure of the Obama administration.

"Today, three years into his term, we have more news that unemployment has ticked up again," Republican challenger Mitt Romney said at a town hall meeting at the University of New Hampshire. "We have 16 million people out of work or who just stopped looking for work, millions more are in jobs that are well beneath their capacities. We have home values continuing to decline three years later. Three years later, we have a record number of foreclosures; three years later, higher gasoline prices, higher food prices. People are feeling more squeezed."

Romney is considered one of the leaders for the GOP presidential nomination, according to most polls. But the rest of the Republican field also chimed in.

"Today's underwhelming job numbers report demonstrates President Obama's failure to address the tough challenges we face as a nation," stated Tim Pawlenty. "We need a leader to stand up and make the difficult choices essential to spur economic growth and create new jobs."

Former House Speaker Newt Gingrich, in a prepared statement said, "Once again weak job creation and an increase in unemployment to 9.1% is further evidence that the administration's policies are failing and the Obama recession could become much worse. America cannot wait, we must take immediate steps to put America back on the path of economic growth and job creation."

Former Utah Gov. Jon Huntsman, who is considering whether to enter the GOP sweepstakes for the presidential nomination, argued that he had created jobs in his state. "As governor of Utah -- while our country faded into recession -- we created an environment that brought jobs to the state without resorting to out-of-control spending and debt," Huntsman said in a statement.



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Sources: AP, Chicago Tribune, Washington Post, Youtube, Google Maps

Monday, March 15, 2010

Congress Members Spend Big Buck$ Leasing Cars (Broken Gov't)






































Lawmakers Spend 1K/Monthly On Taxpayer-Funded Cars




The economy is still limping along, but some members of Congress are nevertheless riding in style: At least 10 House members are spending more than $1,000 a month in taxpayer money to lease cars.

Rep. Emanuel Cleaver appears to be the biggest spender.

In the last quarter of 2009, the Missouri Democrat doled out $2,900 a month to lease a WiFi-equipped, handicap-accessible mobile office that runs on used cooking oil.

“Rather than paying for an additional office, the congressman has a mobile office, with all the capabilities to do casework across the district,” Cleaver spokesman Danny Rotert wrote in an e-mail. “We can go where our constituents are and accommodate those in wheelchairs with the mobile office’s lift.”

But at least nine other members are paying more than $1,000 a month for more basic rides.

Some lawmakers blame their high lease costs on a policy, enacted in a 2007 energy bill, requiring that the vehicles they choose be fuel efficient. Others say their two-year terms in office prevent them from taking advantage of lower-cost, longer-term leases.

A spokesman for House Intelligence Committee Chairman Silvestre Reyes (D-Texas), who is paying $1,628 to lease a GMC Yukon, cited those reasons — and others.

“The leasing costs for the district vehicle are higher than in previous years due to the shortened payment period of 21 months, higher leasing fees that were the result of the financial crisis confronting American automakers at the time and new House environmental rules that required vehicles to conform to stricter emissions standards,” Reyes spokesman Vincent Perez said.

A spokeswoman for Rep. Carolyn Cheeks Kilpatrick (D-Mich.), who spends $1,230 per month on a 2009 Chevrolet Tahoe, said Kilpatrick does it for her district.

“The vehicle is manufactured by a company headquartered in the 13th Congressional District and was made by the hardworking men and women of the United Auto Workers,” spokeswoman Tracy Walker wrote in an e-mail. “The vehicle also meets the tougher environmental standards mandated by Congress.”

Pedro Pierluisi, the Democrat who represents Puerto Rico, spends $1,400 each month on his hybrid GMC Yukon, but a spokeswoman said that figure includes insurance, repair and maintenance costs.

Rep. Harry Teague (D-N.M.) — one of the richest members of Congress, with a net worth of more than $36 million — spends $1,279 in taxpayer money on his vehicle, a 2009 Chevy Malibu that helps him traverse his expansive southern New Mexico district. His cost includes additional mileage to facilitate travel in the sixth-largest congressional district in the country, his office said.

Rep. Jesse Jackson Jr. (D-Ill.) spent $1,259 per month last quarter for a hybrid Toyota Highlander.

Rep. Lacy Clay (D-Mo.), who represents St. Louis, spends $1,059 a month on a hybrid Ford SUV. A spokesman declined to say anything beyond confirming the type of car Clay leases.

Rep. Paul Kanjorski (D-Pa.) spends $1,026 each month on a hybrid Mercury Mariner, which he drives between his northern Pennsylvania district and Washington to avoid having to pay airfare.

Rep. Sam Johnson (R-Texas) spends $1,143 each month for his vehicle.

Rep. Bill Delahunt (D-Mass.) leases a hybrid Ford SUV for $1,108 a month. Mark Forest, a spokesman for Delahunt, said the office has a two-year lease for the vehicle, which pushes up the cost.

Costs “were higher than what we expected,” Forest wrote in an e-mail. “But we shopped around at the time, and the numbers were in the same ballpark for other comparable vehicles.”

Some lawmakers spend far less on leases. Indiana Rep. Joe Donnelly, a Democrat, spends $450 each month. And Rep. David Drier (R-Calif.) spends $366 a month.

The lease figures are tucked in the most recent House disbursement reports, which cover the final three months of 2009. The numbers do not provide a definitive look at members’ automobile costs; because some members choose to pay the entire cost of their leases upfront, it’s possible that there are leases even more expensive on a month-to-month basis than those detailed here.

Lawmakers are permitted to spend money from their office expense account — known as a member’s representational allowance — on a vehicle. They can use the car for personal use as long as that use is minimal and in the course of the lawmaker’s official duties.

At least three members of Congress — Reps. Gregory Meeks (D-N.Y.), Alcee Hastings (D-Fla.) and Gary Miller (R-Calif.) — lease Lexuses with taxpayer money.

Meeks, who represents working-class Queens, pays $998 a month, while Hastings spends $511 a month on his Lexus.

Miller — a construction entrepreneur with a net worth in excess of $13 million — spends $843 in taxpayer money to lease a Lexus RX 400h, marketed as “the world’s first luxury hybrid SUV.” He blames the high price on the energy-efficiency rule. And he says he’s hamstrung by his height — he’s more than 6 feet tall — and the need to sit comfortably during his twice-weekly, hourlong drive to and from Los Angeles International Airport.

“It’s the best dollar value out there, for a decent-sized car,” Miller told POLITICO.



Sources: Politico

Monday, November 2, 2009

Ford Bounces Back With $1 Bil Dollar Profit & Solid Forecast


















Ford surprises with $1B profit; sees profit in '11


Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford's shares rose 58 cents, or 8.3 percent, to $7.58 in pre-market trading.

The latest results signal that Ford's turnaround is on more solid ground. The company lost more than $14.6 billion last year and hasn't posted a full-year profit since 2005. While it made a profit in the second quarter, that was mainly due to debt reductions that cut its interest payments.

Dearborn, Mich.-based Ford reported third-quarter net income of $997 million, or 29 cents per share. Ford also forecast a "solidly profitable" 2011. Previously the automaker said it would be break-even or better.

Its key North American car and truck division posted a pretax profit of $357 million, the company's first quarter in the black since early 2005. Ford cited higher pricing, lower material costs and increased market share for the improvement.

Excluding one-time items, Ford earned 26 cents per share, blowing away analysts' expectations of a loss of 12 cents.

The earnings came despite an $800 million revenue drop. But Ford said it cut costs by $1 billion during the quarter, accomplished through layoffs in North America and Europe, reduced pension and retiree health care costs and improvements in productivity and product development.

Chief financial officer Lewis Booth said the company took in $1.3 billion more than it spent in the quarter, an improvement over its $1 billion cash burn in the second quarter.

"That's a huge deal," Booth said.

Ford's plan to create demand and get better prices for its products, coupled with cost cuts, gave the company confidence that it will make money in 2011, Booth said.

But Ford still faces obstacles in its turnaround. Last week, workers overwhelmingly rejected an agreement with the United Auto Workers that would have brought Ford's labor costs in line with rivals General Motors Corp. and Chrysler LLC. Workers objected to clauses limiting their right to strike and freezing entry-level wages, and felt the company was healthy enough and didn't need further concessions.

Ford also has $26.9 billion in debt, up $800 million from the second quarter.

The company avoided the same fate as rivals Chrysler and GM by mortgaging its factories and even the familiar blue oval logo to borrow $23.5 billion before credit markets froze last year.

Ford didn't quantify the impact of Cash for Clunkers, which offered buyers rebates to trade in their vehicles. The program helped Ford cut costly incentives and raise production.

It also won buyers; the fuel-efficient Ford Focus sedan and Ford Escape, a small SUV, were among the top five sellers under clunkers. Ford sales climbed 17 percent in August thanks to the program.

Ford's revenue fell $800 million for the quarter, to $30.9 billion, due mainly to its financial services arm, Ford Motor Credit, making fewer loans.

But the division still posted a pretax profit of $677 million, and revenue from auto operations rose slightly to $27.9 billion.

Ford also has benefited from consumer goodwill after it declined government bailout money and didn't go into bankruptcy over the summer as GM and Chrysler did. Ford grabbed sales from its rivals, posting the largest increase in market share of any automaker in September. Ford expects an overall gain in U.S. market share in 2009, a feat it hasn't accomplished since 1995.




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Sources: Washington Post, Google Maps