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THIS DOESN’T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF

July 13, 2023 -

Biden has long touted himself as a proponent of replacing the millions of cars on America's roads with electric vehicles. In his Inflation Reduction Act, automakers that produce EVs and the batteries needed to power them could soon see a windfall of over $220 billion by 2031 in the form of taxpayer-funded subsidies. (Related: Biden's EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs.)

These massive subsidies ...

Auto key-card case ruling is a travesty of justice

April 27, 2023 -

(Article by Jeff Knox republished from AmmoLand.com)

A Lightning Link is a two-piece device that is supposed to adapt a semi-auto AR-15 style firearm to fire full-auto. They are a finicky, fidgety, extremely unreliable method of perhaps achieving the goal of rapid ammunition depletion, but let’s be very clear, what Justin Ervin was selling, and Matt Hoover was advertising was not Lightning Links. They were selling drawings of a Lightning Link-type designs on a thin piece ...

FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”

25 days ago - Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America's electric vehicle (EV) market will be the auto industry's "next big flop."

In an interview on Fox News's Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was touted as a groundbreaking car in the late 1950s, but ultimately failed to gain traction ...

Washington state Democrats commit unconstitutional act by approving legislation outlawing semi-auto rifles

April 21, 2023 -

First, a little propaganda and outright false 'reporting' from The Associated Press:A ban on dozens of semi-automatic rifles cleared the Washington state Legislature on Wednesday and the governor is expected to sign it into law.

The high-powered firearms — once banned nationwide — are now the weapon of choice among young men responsible for most of the country’s devastating mass shootings.

The vast majority of mass shootings occur almost daily in our largest cities, ...

United Auto Workers end strike after reaching tentative agreements with Ford, Stellantis, General Motors

a month ago -

Ford was the first of the Big Three dominoes to fall, after it reached a tentative agreement with UAW negotiators on Oct. 25. Three days later on Oct. 28, the UAW announced reaching a similar deal with Stellantis, the parent company of luxury brands like Chrysler, Jeep and Ram. Finally, on Oct. 30 – the birthday of UAW President Shawn Fain – the union ended six weeks of whirlwind strikes after General Motors caved and agreed to the deal.  (Related: United Auto Workers president ...

United Auto Workers president expands strike to lucrative Ford Kentucky plant following company’s refusal to negotiate

2 months ago -

The UAW is currently engaged in a strike against the Big Three automakers in the United States – Ford Motor Company, General Motors and Stellantis – over fair pay and benefits. (Related: United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure.)

Following a breakdown in recent negotiations with Ford, UAW President Shawn Fain publicly announced the addition of Ford's Kentucky Truck Plant to the list of auto factories ...

Number of Americans defaulting on subprime auto loans nearing levels not seen since the Great Recession

May 09, 2023 -

This is according to a new report from Florida-based fixed-income asset manager Bramshill Investments. The company's report noted that inflation and higher interest rates from the Federal Reserve – and as much as 20 percent interest rates on used cars – have been eroding the paychecks of all consumers in the United States.

"It is very apparent to us that it is negatively affecting subprime borrowers – who tend to have lower credit scores and lower incomes – more harshly ...

In appeal to auto workers, Trump warns that Biden’s EV mandates will lead to fewer well-paying jobs

2 months ago -

"[Biden] wants electric vehicle mandates that will spell the death of the U.S. auto industry," Trump told a group of UAW workers in Clinton Township, a northern suburb of Detroit.

Electric vehicle mandates are a sensitive issue for the UAW, which started a strike last month against the Big Three auto manufacturers of General Motors, Ford and Stellantis over dissatisfaction with pay and benefits amid the Biden administration-fueled inflation crisis and wage stagnation. (Related: ...

CFPB orders Wells Fargo to pay $3.7 billion for gross mismanagement of auto loans, mortgages and deposit accounts

December 21, 2022 -

The CFPB has ordered Wells Fargo to pay more than $2 billion to redress consumers and $1.7 billion in civil penalties for legal violations across numerous segments of its largest product lines.

Wells Fargo engaged in all sorts of illegal activity that caused serious financial harm to its customers. Thousands of them even lost their cars and homes, unfairly, due to the company's gross mismanagement of loans, mortgages, and bank accounts.

"Consumers were illegally ...

GRAND THEFT AUTO: Philadelphia car dealership loses most of its vehicles to thieves less than a week after opening

2 months ago -

City Motors, located in the Mayfair neighborhood in the City of Brotherly Love, is on the brink of closing for good just days after opening. This is because thieves made off with several vehicles it was selling on the early morning of Sept. 27, according to WPVI 6.

The outlet reported that a group of criminals broke into the dealership's office on Frankford Avenue during the late hours of the previous day and ransacked the premises. The thieves stole the keys to seven of ...

United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure

September 18, 2023 -

For the first time in the history of the UAW, the approximately 146,000 members of the union are striking simultaneously against the Big Three auto companies in the United States – General Motors, Ford Motor Company and Stellantis, owner of luxury car brands like Chrysler, Dodge, Jeep and Ram. (Related: THIS DOESN'T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF.)

For now, the strikes are limited ...

Biden’s economy continues to take huge toll: Auto repos climb so high there aren’t enough people to go get them

February 01, 2023 -

According to an extensive report this week by Zero Hedge's Tyler Durden, automobile repossessions have soared to a level twice as high as it was during the height of the COVID pandemic -- when tens of millions of Americans were flush with cash thanks to hundreds of billions of dollars' worth of stimulus funding.

"For over a year, we have been dutifully tracking several key datasets within the auto sector to find the critical inflection point in this perhaps most leading ...

Biden’s EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs

July 12, 2023 -

The UAW, a massive and powerful union representing more than 400,000 workers in the automobile industry, has long been an influential force in progressive politics, aiding pro-labor union Democrats in the Midwest with their organizing and fundraising power.

For his part, Biden has touted his aggressive push toward replacing more and more internal combustion-engine vehicles in America's roads with their electric counterparts as part of a major reinvestment in American manufacturing....

Demand for electric cars in the UK plummets due to surging price of electricity

December 14, 2022 -

British automobile sales website Auto Trader noted that EVs accounted for less than a fifth (19 percent) of new car inquiries sent to car dealers through its online marketplace in November. This is down from 27 percent of new car inquiries in June. (Related: Volkswagen reconsidering plans to build new EV battery plants in Europe due to soaring energy costs.)

Stock levels of used EVs in the U.K. has nearly doubled from about 10,600 at the beginning of 2021 to 20,600 ...

Trump mocks ‘pro-union’ Biden: ‘His entire career has been an act of economic treason, union destruction’

September 28, 2023 - Former President Donald Trump mocked President Joe Biden during a speech to auto workers in Macomb County, Michigan, for declaring himself the “most pro-union president” in American history despite a record of supporting job-killing free trade.

(Article by John Binder republished from Breitbart.com)

“For decades, you’ve watched rotten and crooked politicians like Biden treat American jobs as disposable and American workers as expendable,” Trump said. “They sat back and got ...

US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases

May 17, 2023 -

The total debt across all categories hit $17.05 trillion. This represents a $148 billion increase or 0.9 percent from the previous quarter and a $1.2 trillion surge from last year. (Related: Fed data: Household debt just increased at fastest pace in 15 years.)

Current balances also stand at $2.9 trillion higher than at the end of 2019, right before the beginning of the global Wuhan coronavirus (COVID-19) pandemic.

The rise in household debt also comes as officials ...

Automaker bigwigs admit EV sales are in jeopardy

23 days ago -

Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort about the "robocars" market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk.

Historically, one of the auto industry's most bullish CEOs on the future of electric vehicles is General Motors' (GM's) Mary Barra. She is one of ...

Study finds 20% of EV buyers REGRET their decision and SWITCH BACK to gas cars

September 08, 2023 -

The study, published in the journal Nature Energy, involved 4,160 early adopters of EVs in California between 2012 to 2018. This found that around 20 percent of these early adopters quickly abandoned their EVs or plug-in hybrids in favor of internal combustion engine vehicles, while another 18 percent of EV drivers returned to gas-powered vehicles with their next car purchases. (Related: EV COLLAPSE: Car dealerships are now rejecting EV deliveries due to low sales.)

The ...

HAZARDOUS AIRBAG: General Motors faces recall of 20 million vehicles

2 months ago -

This development places GM among the companies most affected by the U.S. auto-safety regulators' push to recall around 52 million airbag inflators produced by the Tennessee-based auto supplier ARC Automotive.

These inflators have been associated with incidents where they explode with excessive force during vehicle collisions, causing metal fragments to strike vehicle occupants and resulting in fatalities and injuries.

The National Highway Traffic Safety Administration ...

Census Bureau: Child poverty rate in the U.S. has MORE THAN DOUBLED year-over-year

September 21, 2023 -

According to the Supplemental Poverty Measure (SPM) of the Census Bureau, the expiration of pandemic-era programs primarily contributed to the growing figures. There were no stimulus payments last year, and the enhanced child tax credits expired in 2021.

The official poverty rate for 2022 was 11.5 percent, representing the 37.9 million people living in poverty. The official poverty measure compares pretax income to a poverty threshold adjusted by family size, number ...