Political Theater

President Obama.

Take a Presidential Cruise in Obama’s Million-Dollar Car

Before he was leader of the free world cruising around in armor-plated vehicles with a Secret Service retinue, then-legislator Barack Obama allegedly tooled around in this tasteful gray Chrysler sedan. This is apparently a legitimate auction for the 2005 Chrysler 300C the President used while he was an Illinois State senator. Lisa Czibor, who has told reporters that she is holding the auction for someone else, says the  first 19,000 miles were all [future] presidential powered.

The auction holders are also a little defensive about the $1,000,000 asking price: Read More

Planes Trains & Automobiles

Clobbering cobblestones in Soho. (Fiat)

The Little Car That Could: Is the Fiat 500 New York’s New ‘It’ Car?

Joel Karie was returning from a trip to Maryland on Thursday, having left that morning to make rehearsals at the Minskoff Theater, where he is a singer in The Lion King. He had just pulled over on 10th Avenue and 44th Street to hop out so his partner, Derek, could take the wheel. Just then, a red-and-black Mini Cooper pulled up behind them, and an older gentleman with a salt-and-pepper mustache got out.

“He wanted to know if I actually liked it,” Mr. Karie told The Observer. “People seem to have a very positive reaction, but then they want to know if we enjoy the car as much as they seem to.” It was the same reaction Mr. Karie has gotten not only driving around the five boroughs for the past two months, but also on the streets of West Baltimore and at a Delaware rest stop. “It’s kind of ridiculous” how much attention the car draws, Mr. Karie said.

He is the proud owner of a brand new Fiat 500, one of only a few hundred in the metro area. He opted for the 500 the sport model, because it came in the color he was looking for, Tropicalia Yellow. “It cost a few thousand dollars more, but that’s what I like about the Fiat,” Mr. Karie said. “I didn’t get a small car because I couldn’t afford a better car. Really, really both of us wanted to buy an American car. However, when you go under $20,000 in an American car, it feels like you get what you pay for. I don’t get that pop I get with the Fiat. You can buy the baseline 500 and it doesn’t feel like the baseline.” Read More

Stock Market

Morning Roundup: Follow That Hurd

  • Mark Hurd, who left his job as CEO of Hewlett-Packard this summer amid allegations of sexual harrassment earlier this year, is now also under investigation for insider trading. It has not been a good year for Mark Hurd. [WSJ]
  • Could a Wikileaks data dump about a major bank be a worse Read More

Building a Sustainable Auto

The power of the American Presidency to move the environmental agenda was never more apparent than during President Obama’s recent directive to EPA to reconsider California’s request to set tighter air emission and fuel efficiency standards. Under the Clean Air Act, California has long had the authority to exceed federal standards and typically it has Read More

A Ruinous Bias Against Helping Detroit

Nearly every current poll shows that most Americans oppose federal assistance to General Motors, Chrysler and Ford, which must be worrying news for members of Congress as they ponder whether to support the proposed $15 billion emergency loan package. Political analysts warn of the consequences for lawmakers who support the “bailout everyone loves to hate.” Read More