Free Republic

General Motors CEO Mary Barra is still committing to taking the automaker fully electric by 2035, even as third-quarter earnings show Electric Vehicles (EVs) are still not profitable. “That is the plan we’re still executing,” Barra told the New York Times of GM’s plans to fully transition to EVs by 2035 regardless of who is in the White House. Barra first made the commitment in 2021 after President Joe Biden and Vice President Kamala Harris took office. The commitment, though, has not made EVs any more profitable.

The Supreme Court declined Wednesday to unblock President Joe Biden’s income-driven student loan repayment program. In a brief order, the Supreme Court rejected the Biden administration’s request to reinstate the program after it was paused by a federal appeals court. The Saving on a Valuable Education (SAVE) plan, which lowers monthly loan payments based on income and creates a faster path to loan forgiveness, was challenged by a group of red states. “The Court expects that the Court of Appeals will render its decision with appropriate dispatch,” the Wednesday order states. The Biden administration argued the appeals court’s injunction “severely...

Missouri Attorney General Andrew Bailey announced that the U.S. District Court for the Eastern District of Missouri granted his motion to block what he called President Biden’s latest illegal student loan handout scheme. Bailey said that Congress never gave Biden the authority to saddle working Americans with half-a-trillion dollars in other people's debt and that this is a huge win for the Constitution. Bailey told FOX Business exclusively that it's a huge win for the rule of law. "The Constitution makes clear that Joe Biden does not get to thwart Congress when it suits his political agenda. The Constitution will...

Attorney generals for 17 Republican-led states have sued the Biden administration over its latest student loan debt forgiveness plan, arguing it does not have the authority to wipe out student loan debt for an estimated 30 million Americans. Under Biden’s new effort, called the Saving on a Valuable Education plan, “borrowers who originally took out $12,000 or less in loans and have been in repayment for 10 years are eligible to get their remaining debt canceled,” an April 8 news release states. The SAVE plan would also forgive debt for “borrowers in public service for 10 years who have made...

Yesterday afternoon, Joe Biden visited Wisconsin and announced a new student loan bailout program, “a proposal that would cancel at least some debt” for more than 30 million borrowers.Then, last night, Alexandria Ocasion-Cortez joined Stephen Colbert on the Late Show to discuss the move, applauding Biden’s gift of “hope” for college graduates who will now have the opportunity to… “travel abroad” on trips they would have been otherwise unable to afford if they were held to the original stipulations of the loan.By passing the debt onto people who didn’t incur it—er, I mean, by implementing loan “forgiveness,” Biden is buying...

President Joe Biden’s staffers are asking Congress for more than $13 billion in taxpayer funds to help move many more economic migrants into homes and workplaces in American communities.Much of the money will be used to bail out the sanctuary cities that help displace Americans by welcoming migrants who serve as lower-wage workers, apartment-sharing renters, and taxpayer-aided consumers.The 2025 funding is being requested by two pro-migration cabinet members — Secretary of State Antony Blinken and Alejandro Mayorkas, the Cuba-born head of the Department of Homeland Security.

Biden Says Bailing Out Student Debt Is "Also Helping You Who Don't Go To College." (36 seconds video in the link below) https://twitter.com/Jules31415/status/1760427842821603631

The Biden administration's latest plan to "cancel" student loan debt extends to those struggling to repay loans due to financial "hardship." The proposal was devised under the Education Department’s existing rulemaking powers after the Supreme Court struck down Biden’s original student loan bailout plan. A number of factors are set forth in the new proposal to determine hardship, “such as a borrower’s total student loan balance and required payments relative to household income, and whether a borrower has high-cost burdens for essential expenses like healthcare or childcare,” the press release states.The current regulatory process builds on the Biden-Harris Administration’s efforts...

GOP Senators blocked a hidden migration bailout for the Democrats’ sanctuary cities and states when they voted against the border bill pushed by Sen. Mitch McConnell (R-KY). The GOP revolt leaves Democrat mayors and city politicians scrambling for funds they need to support and hide President Joe Biden’s growing population of poor migrants during the 2024 election year. “It’s a huge problem for the Democrats because the Biden administration was counting on being able to shovel all this money onto the state and local allies,” said Jessica Vaughan, the policy director at the Center for Immigration Studies, adding:

House Democrats promised to bail out Speaker Mike Johnson (R-LA) if he were to do the “right thing” and help pass an immigration bill that would do little to combat the border crisis unfolding under President Joe Biden. Johnson has said he opposes an immigration deal struck by Sen. James Lankford (R-OK) and Democrats. Although he faces significant pressure from President Donald Trump and conservatives not to back the deal, Democrats are now offering to help him keep his speakership should he face a motion to vacate over his passing of the immigration bill. No. Deal. https://t.co/9lNJT4fmT2 — Breitbart News...

The Biden administration is facing a new congressional probe after an agency that distributed tens of billions of dollars from the American Rescue Plan failed to stop $127 million from going to deceased participants in a Teamsters’ pension fund. The House Education and Workforce Committee sent a letter on Tuesday to the Pension Benefit Guaranty Corporation (PBGC), demanding records related to the agency’s “mismanagement” and “overpayment” to the union pension plan, according to a copy of the missive exclusively obtained by The Post. “As part of this investigation, the Committee requests documents and information relating to PBGC’s disbursal of these...

The incoming House Oversight and Government Reform chairman on Sunday tried to clarify his recent remarks to Rush Limbaugh where he called President Obama "one of the most corrupt presidents in modern times." ... "When you hand out $1 trillion in TARP (Troubled Asset Relief Program) just before this president came in, most of it unspent, $1 trillion nearly in stimulus, that this president asked for, plus this huge expansion in health care and government, it has a corrupting effect," Issa said on CNN's "State of the Union." Although TARP – the program passed in 2008 intended to strengthen the...

There was a repo desk disaster that occurred in 2019 right before the covid bullsh*t happened. Covid was actually a 2008 style bailout that was disguised as a fake and gay pandemic. The usual suspects are now openly talking about it in the (((wall street journal))) in response to the ICBC “hack” that rattled the Treasury market a few weeks ago. archive.is/HpFBC >This spike was different. When one firm can’t deliver promised cash or securities, the party on the other side of that transaction then doesn’t have them to pass on to its own trading partners. That can cascade quickly....

Communist Party of China (CCP) General Secretary Xi Jinping is now starkly aware that he is facing the end of his rule, and has turned to US Pres. Joe Biden to save him. Specific reports are emerging as to the driving forces which made Xi act, in seeming desperation, to kowtow to US Pres. Joe Biden at the summit held on the sidelines of the Asia-Pacific Economic Conference (APEC) in San Francisco between November 13 and 17,2023. … A significant source in the PRC has reported that Xi formally asked the US President to arrange an urgent $900-billion bailout for...

While America struggles to buy groceries, President Joe Biden has a green slush fund worth billions of dollars, and he’s not afraid to use it.Recent revelations uncovered that the CEO and lobbyists of Rivian, an electric vehicle manufacturer, held a quiet meeting at the White House with Biden’s Climate Czar, John Podesta. That’s right, the same John Podesta who served as chairman of Hillary Clinton’s ill-fated 2016 presidential campaign before being pulled from the ranks of profitable green consulting to oversee distribution of $369 billion from the Inflation Reduction Act (IRA). Biden selected a political operative with green company ties...

Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable.The Coming Green Energy BailoutTaxpayers will soon be on the hook for The Coming Green Energy BailoutThe Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers in New York and other states to bail them out.According to a report late last month by the New York State Energy Research and Development Authority (Nyserda), large offshore wind developers are asking for an average 48% price adjustment in their contracts to cover rising costs. The Alliance for Clean...

The nation’s biggest banks on Wall Street, investment firms, and pharmaceutical companies are among a number of multinational corporations throwing their support behind a plan from New York Gov. Kathy Hochul (D) that would have American taxpayers bail out the sanctuary state for an illegal immigration influx. As Breitbart News reported, Hochul unveiled the bailout this week — promising to lobby President Joe Biden for millions, potentially billions, in American taxpayer money that would ensure border crossers and illegal aliens in New York secure jobs, healthcare services, housing vouchers, and free public transit. .....

Soviet Joe Biden, who is a believer in Soviet-style command economies where rather than rely on free market capitalism, we now have CC (Crony Communism) running the US economy. Into the ground. But in the tradition of bad Federal policiies, Soviet Joe and Energy Secretary Granholm (with help from Congress) mandate green energy transition at all costs, watch the auto industry suffer, then bail them out. Sounds a lot of like the banking crisis of 2008 where The Federal government pushed homeownership until it helped almost collapse the banking sector, then the Federal government bailed out the banks. Rinse, repeat,...

In this episode of Joe Biden's World...As the mountain of evidence continues to grow that Joe Biden has likely been an international shake-down artist for decades, word now comes that White House Counsel Stuart Delery, whom the embattled president calls a "trusted adviser," is leaving the administration, as the GOP investigations continue to heat up.In a Thursday statement from the White House, Biden called Delery a "trusted adviser and a constant source of innovative legal thinking since Day One of my Administration.""Innovative legal thinking." We'll get back to that.Biden (his handlers, no doubt) also said:From his work during those early...

President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month. The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.