March 10 (Bloomberg) — China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

March 10 (Bloomberg) — China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

Some bankers say the conditions have become so onerous that they want to return the bailout money. The list includes small banks like the TCF Financial Corporation of Wayzata, Minn., and Iberia Bank of Lafayette, La., as well as giants like Goldman Sachs and Wells Fargo.
One of the biggest concerns of the banks is that the program lets Congress and the administration pile on new conditions at any time.
But a growing chorus of industry experts are warning that asking weak banks to carry out the government’s economic and social policies could increase the drain on the public purse. These experts say that the financial assistance, while helpful in the short run, could force weak banks to engage in lending practices that will lose even more money, and that the government inevitably will become more heavily involved in dictating how banks do business.
Barack Hussein Obama now possesses a new Obamousine, courtesty of General Motors and the Cadillac Division.
Called “Cadillac One” or “The Beast,” this $350,000 + vehicle is based upon a GM truck frame (it is theorized that the Topkick truck is the actual base platform – see bottom) and resembles the Cadillac DTS. On that note, some are thinking the engine may even be a supercharged diesel. Some points on the vehicle include:
The body of the vehicle is a combination of dual-hardness steel, aluminium, titanium and ceramic material (to break up possible projectiles) not unlike the “reactive” armor of military tanks and aircraft.
It is expected that the new Obamousine will acquire up to 8 mpg — not quite what the Sierra Club would particularly recommend.