Posts Tagged ‘Chrysler’

WASHINGTON  Notch one more victim of the recession: With crucial midterm elections nearing, Democrats have lost the advantage they’ve held for years as the party the public trusts to steer the economy.The timing could be fortunate for the Republicans. With jobs and the economy dominating voters’ concerns, the GOP will wield the issue as a cudgel in the battle to grab control of at least one chamber of Congress this November and weaken President Barack Obama.”The number one question on voters’ minds is, ‘Where are the jobs?'” said Ken Spain, spokesman for the House Republican campaign organization. “Republican candidates on the campaign trail will ask one very simple question: ‘Are you better off today that you were two years ago?'”

Misty McMahon, 30, a teacher from Vancleave, Miss., knows her answer. “I feel like it’s so bad right now that it will be hard to climb out,” said McMahon, who voted for Obama but now trusts Republicans more on the economy. “I’m kind of disappointed in the stuff he’s done.”

Each party now has the confidence of 44 percent of people for handling the economy, according to an Associated Press-GfK Poll conducted this month. The Democrats had a nine-point advantage just four months ago, and have held an edge since AP polls began asking about the issue in 2006. In longer-running polling by the nonpartisan Pew Research Center, the last time the two parties were even on the economy was 2002.

Pollsters, analysts and politicians across party lines agree the Democrats have lost their grip on the issue chiefly due to unemployment rates that have stuck near 10 percent since last summer, an ongoing foreclosure crisis and the recession that began in December 2007. Despite signals the economy has begun to heal – such as last week’s reports of growing new home sales and rising orders for manufactured products – the improvements have been too subtle for many people to notice.While the November elections are a long way off, most economists believe unemployment will still be high by Election Day, and improvements in the economy are likely to be modest.

Aware that the party in power is commonly punished for a weak economy, Democrats hope to persuade voters to view the elections as a choice between their party’s recovery efforts and what they call the GOP’s preferences to reward corporations and wealthy taxpayers.

“It will be the job of members of Congress and the president and our candidates to make it clear that these elections are not just a referendum on the state of the economy; it will be a choice between two different paths,” said Rep. Chris Van Hollen, D-Md., who heads the House Democratic campaign operation.The Democrats also may have hurt their image as effective custodians of the economy by spending more than a year pushing Obama’s near $1 trillion health care overhaul through Congress. It was enacted last month to mixed public reviews and after many people – including Democrats – complained that stronger congressional efforts on jobs were overdue.

“It created the impression that Democrats were not focusing enough on jobs and getting people back to work,” said Geoffrey Garin, a Democratic pollster and strategist, adding, “But health care is now behind us.”Some of Obama’s top economic initiatives have also failed to deliver political dividends because, economists say, they have largely prevented the recession from worsening rather than sparking immediate improvements.

As a result, many people have come to view those measures as symbols of excessive federal spending. They include the $787 billion stimulus package and the $80 billion rescue of automakers General Motors and Chrysler, to which the public often adds the $700 billion financial industry bailout enacted in late 2008 under President George W. Bush.

“Politically, it’s often hard to show a negative, a what-if-we-hadn’t-stepped-in,” said Mark Penn, a Democratic pollster and strategist.

Details from the AP-GfK poll show perils and opportunities for both parties.Three-quarters of those surveyed said the economy is still in poor condition. Of that group, fewer than four in 10 said they trust Democrats to do a better job on the economy, and about the same number said they want Democrats to win control of Congress in November.In contrast, among the people who say the economy is doing well, two-thirds trust Democrats to handle the issue and nearly as many want them to control Congress.Supporters of a party in power tend to view the economy more positively than members of the party out of power.

Two other groups in the poll could be pivotal in November.Among people who say the economy is bad, those who believe things improved in the past month are far likelier to support Democrats than those who’ve not seen recent gains. Growth in optimism could help Democrats retain their congressional majorities.

On the other hand, nearly two-thirds in the poll say they know a non-relative who has recently lost a job. This group, whose size has remained steady for more than a year, is likelier to back Republicans.

“That’s the circle that becomes problematic for any incumbent administration,” said GOP pollster David Winston.The AP-GfK Poll was conducted April 7-12 by GfK Roper Public Affairs and Media and involved interviews with 1,001 adults nationwide on landline and cellular telephones. It had a margin of sampling error of plus or minus 4.3 percentage points.(AP)

Joe Wilkins knew there was only one way to give his supercharged, alcohol-injected Hemi-engined hot rod more power: Put a jet engine in the trunk.”It started as a hobby and turned into a monster,” said Joe Wilkins, the motor madman behind what might be the wildest 1939 Ford ever built. He’s an inventor and defense department contractor, and the idea of goosing the Ford’s ability to turn heads and shred tires came when he bought a used gas turbine engine.”I got hooked on the simplicity and power that this thing produced, and I decided one day I want to put it in a car.”

Luckily for us, he did. The Hemi Jet — Wilkins has copyrighted the name — fires up this weekend at the Houston AutoRama, and Wilkins plans to attempt a land speed record in the near future.In the meantime, he’s tooling around Navasota, Texas, in what he says is the ultimate sleeper when the jet engine’s tucked away in the trunk.Most people say “Nice car” and assume he’s got the obligatory small-block Chevrolet engine under the hood. Little do they know.”I can drive it up to the store and get a gallon of milk if I want to,” he told Autopia.The car is an amalgamation of the Big Three, with a Chrysler engine, Chevrolet drivetrain and Ford body. Wilkins says the jet engine was probably used as an APU and weighs 110 pounds.

He claims the car is street legal so long as the jet stays stowed. He fires it up from time to time to show off, and he plans to run it flat-out at the Bonneville Salt Flats.”We want to be the fastest street legal car in the world,” he said.He’s got some intense competition. The Bugatti Veyron tops out at 253 mph and the Shelby Supercars Ultimate Aero TT does 255. And then there’s Red Vector One, that crazy Vauxhall that does zero to 60 in under a second. Record, schmecord — we just want to see the video.”I’m more than certain the car will go over 300,” Wilkins said. “We’ve still got a ways to go [before Bonneville], but not a long way. We’ll have to experiment in some wind tunnels and end up with a spoiler on the back to keep the front end on the ground.”

Sadly, Wilkins won’t be behind the wheel during the car’s test run.”I turned 61 last Sunday. I just don’t think I’m going to be able to handle it [without] the reflexes I had 20 or 30 years ago,” he said. “I know several people who would be more than interested.”So do we, and we even suggested Wilkins give the job to fellow jet-junkie Bob Maddox. After jumping from a plane with a pulse jet strapped to his chest, we suspect Maddox would welcome the opportunity to stay on the ground.