Happy Thanksgiving!

Obamamobiles selling like cold cakes

Fired exec Laura Soave with slow selling Fiat 500

As part of Obama's plan to fundamentally restructure American society, bankrupt Detroit automaker Chrysler Corporation's remaining equity was confiscated and given to Italy's Fiat SpA.  The Italian industrial giant was supposed to teach us to love European-style mini cars.

Fiat/Chrysler/Obama's plan to get the masses to embrace the adorable but tiny Fiat 500 is floundering.  Sales are so bad that 29 of Fiat's 130 US dealerships did not sell a single car in October.  As a result, Fiat has fired Laura Soave, head if its US team, and laid off production workers in its unionized Michigan engine plant.

If that's depressing, just wait until  they take over our healthcare system.....  oh, yeah, they already did.

Pennsylvania fracking impacts New York

Colonial Manor under construction

 

It seems there's something of an economic upturn happening in Upstate New York's Southern Tier.  Demand for housing in the formerly moribund region near the Pennsylvania border is being addressed by the opening of  Colonial Manor, a new 144 unit apartment complex in Horseheads. The spiffy residences will rent in the $895 to $1,295 range. 

For those who've spent any part of the past few decades in the vicinity, the concept of a housing boom in the perennially depressed Tier might be difficult to comprehend.  A local politician explains:

Chemung County Executive Tom Santulli said the project should ease a housing shortage in Chemung County.

“This will help fill the gap which I think will continue to grow,” Santulli said. “In the next 12 months (Chemung County) will gain an additional 1,000 jobs. Maybe 2,000 jobs will be created.”

What's driving the job growth in long-depressed Chemung?  Colonial Manor manager Helen Allis has a theory:

"Having the gas drilling...."

Bold added.  Shale gas drilling in Pennsylvania's Northern Tier is driving economic growth in the adjoining Southern Tier of New York.  That's bad news only to those opposed to prosperity.  

Editor's note:  For our readers around the globe, the statement above is not a typo.  New York's Southern Tier is located just north of Pennsylvania's Northern Tier.  

Why is Obama killing the energy industry?

Serfs

 

Mike knows why:

You might think my proposition–that the only away to make sense of this rogue regime’s actions is to assume the worst about their intentions–is a bit much. If so, you should ask yourself: if he was actually trying to destroy America’s energy industry, what exactly would he be doing differently?

Why is Obama killing jobs?

Obama has just iced an already-approved shale gas drilling project in Ohio.  Effect on the common man: 200,000 desperately needed jobs will not be created. 

Lonely Conservative asks "why?"

Again, I ask, why doesn’t President Obama want Americans to have jobs?

LC commenter "Bob" answers the question.

When you think of the enemy within, think of Barak Hussein Obama, because, for whatever reason, the man is set on destroying our American Republic.

Chu must resign immediately

Chu breaking ground at Solyndra

Obama's "energy" secretary, Steven "I want Finger Lakes families to pay 10 dollars a gallon for gasoline" Chu, is on the hot seat in front of Congress today.  

Now that the Solyndra bankruptcy has become a full-blown scandal for the current administration, we call on Chu to resign his $200K/year government job immediately. 

We have plenty of room room for Chu at the Finger Lakes' own Five Points.

Anniversary notice: we've now been covering Obama's Solyndra Solargate scandal for over one year!

Alterian lays off 75

As Obama's "Recovery Summer" enters its second winter, we learn that consumer marketing services provider Alterian will close its Chicago office.  As a result, 75 consumer marketing professionals will join the army of the unemployed.

The London-based CRM company's restructuring follows a poor fiscal 2011. Alterian's revenue decreased from $53.3 million in the 2010 fiscal year, which ended March 31 of that year, to $52 million in the 2011 fiscal year.

As part of the restructuring plan, Alterian will make “substantial cuts to its operational cost base and initiated reviews of revenue recognition, and goodwill and other intangible assets,” the company said in an Oct. 27 investor statement. The company identified $14.3 million in operating cost cuts.

Part of the cost-savings plan includes reducing the staff from 450 employees worldwide to approximately 260, the company said in the statement. The company would not confirm whether the Chicago office closing is part of this strategy.

Alterian is currently in takeover talks with  British software shop SDL.  As the world's consumer markets flounder, the market analytics function is becoming just another generic web application.