CEI Daily - Auto Industry Jobs, Chinese High-Speed Rail, and Alcoholic Energy Drinks


Auto Industry Jobs


Last week, President Obama announced that since "GM and Chrysler emerged from bankruptcy, the industry has created more than 75,000 new jobs.”


Director of the Center for Investors and Entrepreneurs John Berlau says that Obama's logic is a bit off, even if his math isn't. 


"The problem for Obama is that whether we’re talking about 60,000 or 80,000 additional jobs, this figure includes U.S. jobs created by all manufacturers — foreign and domestic. As Sam Foster wrote in the Daily Caller, 'That means Toyota jobs, Hyundai jobs, Ford jobs or any other job creation from an automaker so long as they were residing in America.' And it is of course very good news, as well as a tribute to the quality of America’s labor force, that foreign auto and auto parts makers want to hire here. The trend seems to be growing, as BMW recently announced it would hire 1000 new workers at its plant in South Carolina. But it is very difficult to attribute this new hiring by foreign firms to the U.S. government’s bailout and takeover of our domestic dinosaurs."




Chinese High-Speed Rail


Advocates of high-speed rail point to Chinese investment in high-speed rail projects as evidence that the U.S. should also invest.


Policy Analyst Marc Scribner points out that Chinese rail projects aren't as successful railfans would have you believe.


"I’m sorry (not really) if this bursts anybody’s bubble, but China’s massive investments in high-speed rail and infrastructure in general are starting to worry the communist country’s national think tank, the China Academy of Science to the State Council. The Academy issued a report that found, at current investment and estimated ridership, the trains will never collect enough in fares to repay the initial construction loans."




Alcoholic Energy Drinks


Four Loko is removing caffeine and other stimulants from their drinks. 


Listen to a CEI Podcast on alcoholic energy drinks featuring Baylen Linnekin, author of the recent CEI On Point “Extreme Refreshment Crackdown: The FDA’s Misguided Campaign Against Alcohol Energy Drinks.”