Category Archives: Business

Business, Political Commentary, Technology and Society

Obama’s Next Solyndra

Here comes Smith Electric:

The company has very limited customer base of only eight companies, and “the loss of any of these customers could materially harm our business.”

The SEC filing contained other damaging revelations. The firm said that its truck’s lithium-ion battery cells “have been observed to catch fire or vent smoke and flames,” and their warranty reserves may be insufficient to cover future warranty claims.

The company’s top management has limited or no experience in the automobile or truck business. Hansel previously led Evo Medical Solutions, which sold portable oxygen concentrators.

But other than that, it was a great bet, Secretary Chu.

Business, Media Criticism, Political Commentary

Obama’s Army

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Thoughts on the corruption and bias of the press, which they don’t even bother to try to hide any more:

Does anyone doubt that if it were Romney rather than Obama who led by three points, the creed recited daily on MSNBC would stress the inexact nature of polling and the overwhelming power of conservative millionaires and billionaires? Imagine for a moment that a Republican was president: What would appear on the front pages and at the top of the network news broadcasts? There would be stories on long-term unemployment, stagnant wages, brutalized net worth, and credit downgrades. There would be stories on last weekend’s brazen attack on our base in Afghanistan, which led to the deaths of two Marines and the loss of eight Harrier jets. The White House would be slammed for its changing and evasive explanation of the murder of a U.S. ambassador and his security officers.

Charges of corruption would be leveled at the president for naming the wife of a wealthy contributor to the U.N. General Assembly just weeks after that contributor penned a New York Times op-ed arguing the president does indeed support Israel (though if the president were a Republican support for Israel would not be in doubt). The AP would resurrect its headline from the spring of 2008: “Everything Seemingly Is Spinning Out of Control.” Imagine the deafening, glass-shattering howls as NBC and ABC and CBS and PBS and NPR and CNN and MSNBC and NYT and WAPO and WSJ and AP and Reuters and FT and Bloomberg and Politico demanded accountability.

The fact that the media line is so mutable—that the tone and emphasis of their coverage is merely a function of Obama’s relative position—reveals the extent to which the press has become a withering and slightly deformed appendage of the center-left. This is not a matter of “vetting” the president’s biography and past associations four years into his term. It is a matter of covering Obama’s official record, right now, as the global economy stagnates, Washington deadlocks, Europe teeters, Islamists take power in the Middle East, Iran grows emboldened, Afghanistan falls apart, and China and Russia fester. It is about suggesting, if only hinting, that Obama and not George W. Bush, ATMs, or an idiot in California might be at least somewhat responsible for what is happening in the world.

People who vote for Romney aren’t just voting against Barack Obama — they’ll be voting against the media.

[Update a few minutes later]

Obama’s palace guard: the “fact checkers.”