


By Richard W. Rahn
Budget fantasy won't help us cope with coming fiscal disaster
Independent voices from the TWT Communities
Fisker Automotive, a maker of electric cars that received a half-billion-dollar loan from the federal government and millions more from Delaware economic development officials, says it has laid off workers in Delaware and California.
The White House is denying any advance knowledge of or involvement in a gritty Super Bowl ad starring Clint Eastwood that played up the auto industry's resurgence and called on the nation to come together and rebuild - a message taken in some quarters as an implicit endorsement of President Obama.

Chrysler's U.S. sales in January jumped 44 percent over a year ago, starting off what is expected to be a strong year for auto sales.
When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America.
When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America.

President Obama on Friday called on all Americans to share in the responsibility of shoring up the country's still wobbly economy, but denied his policies are pitting the wealthy against the middle class in a class war.
Checking his sundial and solar-powered calendar, Barack Obama has decided that he did not have enough time to study the impact of the $7 billion Keystone XL pipeline from Canada, so he killed it.
A state official says Exxon Mobil has agreed to $1.6 million in penalties to settle water-pollution violations from a major oil pipeline break that fouled dozens of miles of shoreline along Montana's scenic Yellowstone River.
Even in bankruptcy, Kodak boasts some enviable strengths: a golden brand, technology firepower that includes a rich collection of photo patents, and more than $4 billion in annual sales of digital cameras, printers, and inks.

Wealthy liberals love nothing better than flaunting their enlightened attitudes. They see the selection of a trendy set of wheels as a great way to advertise their concern for the survival of polar bears. At the top of the must-have list for the self-enlightened is the Chevy Volt.

As Detroit struggles to right its financial ship, one bright spot in the Motor City lies under the cavernous roof of the Cobo Center, where this year's North American International Auto Show is sparking much-welcome optimism.
As an avid sport fisherman, General Motors development engineer Frank Delekta enjoys the peace, quiet and tranquility of Michigan lakes and streams. His sense for silence — and the use of advanced technology — served him and his team well in their mission to bring luxury-like interior quietness to the Chevrolet Cruze.

After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth in 2012 — the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession.

After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth in 2012 - the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession.
The 2012 Cadillac SRX crossover and CTS sport sedan and wagon models received 5-Star Overall Vehicle Scores for safety from the National Highway Traffic Safety Administration.

By Sean Lengell - The Washington Times
As the clock winds down before the payroll-tax holiday expires at the end of the ...

By Tom Howell Jr. - The Washington Times
A Northwest resident has obtained petitions to kick off his arduous mission of recalling Mayor ...

By Anthony McCartney - Associated Press
Whitney Houston was under water and apparently unconscious when she was pulled from a Beverly ...