Tag Archives: Presidents Day

Lincoln's MKZ Flops out of the Gate

By Daniel Miller, The Motley Fool

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Ford is under a lot of pressure to successfully revive its luxury Lincoln brand. It has been able to fix so many other company issues that caused massive losses and can now finally spend time fixing the Lincoln brand. Unfortunately for Ford, the brand needs fixing: The Lincoln MKZ – which had a lot of pre-sale hype – has completely stumbled out of the gate. Hands down, Ford and Lincoln failed its dealers so far.

Meanwhile, General Motors is enjoying great success with its Cadillac line, with a 49% rise in sales for March. If you’re counting, that makes it six consecutive months of gains for GM‘s luxury line. Let’s take a look at how Ford is trying to fix its MKZ flop, and explain how very important this is to Ford investors.

Photo source: Ford Motor Co.

Super Bowl mulligan
The Lincoln MKZ had received more interest than any other Lincoln vehicle since the ’90s. Dealers where promised the flashy new sedan would arrive by the end of December 2012. Turns out that didn’t happen, and dealerships missed sales for Christmas, New Year’s Day, Presidents Day, St. Patrick’s Day, and Easter. Suffice it to say that the $7.4 million spent on the Super Bowl ad was a waste – as was the spot during the Grammy’s. Part of the reason for this massive MKZ delay was due to the very successful Fusion.

Can’t halt the Fusion
Lincoln executives know they only have one shot at reinventing the Lincoln line. For that reason they are inspecting every single Lincoln MKZ to make sure quality is top notch. Unfortunately this was being done at the same Mexico plant that was producing the extremely popular Fusion, and it overwhelmed plant resources. The Fusion has been hailed by critics and consumers, winning numerous awards and setting record sales. Simply put, Ford couldn’t afford to halt the production of the Fusions because they’re selling out! 

Too little, too late
That caused lengthy delays for the MKZ, which has taken until now to get through the backlog of quality inspections. When it became obvious that the Mexico plant couldn’t handle the inspections in time, Ford had the MKZs sent to another plant in Michigan but it was too little, too late. Now Ford is offering cash to dealers based on lost sales in addition to incentives on other Lincoln models. Unfortunately communication was poor between the factory and dealers causing some consumers to cancel pre-orders. It’s not only lost sales, but a frustrating start to a customer relationship that will be important in reviving the brand.

So what?
You might be thinking “So what?”. After all, it’s only one model right? Ford has had great success with its fresh models of the Fusion and Escape even after multiple recalls. However the Lincoln MKZ is different. This was supposed to attract a new generation to a brand that

From: http://www.dailyfinance.com/2013/04/13/lincolns-mkz-flops-out-of-the-gate/

The Presidential Blame-Game

By Paul G. Kengor

President Clinton SC The Presidential Blame Game

Editor’s note: A longer version of this article first appeared at American Spectator.

February is the month of presidents. It includes Washington’s birthday, Lincoln’s birthday, Ronald Reagan’s birthday, and, of course, Presidents Day. Given that I teach and write about presidents, this time of year always prompts me to strange musings. This year is no exception, as I’m thinking about six particular presidents: Barack Obama, George W. Bush, FDR, Herbert Hoover, Bill Clinton, and Harry Truman. How could I possibly connect these six?

Bear with me—I’ll start and end with Obama.

Barack Obama, and particularly his re-election campaign, has achieved something quite dubious of a sitting president. Namely, he has managed to successfully blame nearly every woe of the last four years on his predecessor. Never mind that every economic indicator under Obama is not only worse than under George W. Bush, but far worse. Obama has presided over a steadily worsening economic disaster, one that is stacking up as one of the most dreadful economic records of any president in history. And yet, as he does, he passes the buck to his predecessor, blaming George W. Bush.

This is unbecoming of an American leader; it’s precisely what our presidents don’t do; they don’t treat each other like this, having much more respect for the job and those who have held it. There is a long-time gentlemen’s understanding, honored by nearly every president, that you don’t blame your predecessor for your problems.

Nonetheless, George W. Bush has become Obama’s go-to scapegoat.

For the record, Obama is not completely alone in mastering this ignoble tactic. Franklin Delano Roosevelt, like Obama, conjured up various demons to advance his “progressive” agenda, with the rich atop his enemies list. But FDR also dumped on his Republican predecessor. He blamed everything on Herbert Hoover.

Notably, this really upset Hoover. Hoover was hurt deeply by FDR constantly trashing him, his record, and his policies. FDR did not treat Hoover the way we Americans expect our presidents to treat one another. Their relationship became toxic. FDR’s successor, Harry Truman, took notice. “Roosevelt couldn’t stand him,” said Truman of Hoover, “and he [Hoover] hated Roosevelt.”

Even sadder, FDR, like Obama, got away with this blame-game. FDR successfully pinned everything on Hoover in re-election upon re-election. As for Obama, a literal majority (60 percent, according to one exit poll) who voted for him in 2012 agreed with him that the terrible economy was totally Bush’s fault. They swallowed Obama’s Bush blame-game hook, line and sinker.

How do Harry Truman and Bill Clinton relate to this?

Truman and Clinton, like Obama and FDR, were, of course, both Democrats. Truman, however, was willing to put party aside to do what was right. He had character by the boatload. Truman saw how troubled Hoover was by FDR’s mistreatment. A good man, Truman did what he could to remedy the situation. (This is detailed nicely by Nancy Gibbs and Michael Duffy in their excellent new book: “The Presidents Club.”) He reached out to Hoover …read more
Source: FULL ARTICLE at Western Journalism

Oil falls after ECB says eurozone economy weak

The price of crude oil fell Tuesday after the head of the European Central Bank described the economic outlook of the 17 countries that use the euro as weak in the near term.

Benchmark crude for March delivery was down 34 cents to $95.52 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. Nymex floor trading was closed Monday for the Presidents Day holiday. The contract fell $1.45 to finish at $95.86 a barrel on the Nymex on Friday.

European Central Bank President Mario Draghi told European lawmakers on Monday that the economic outlook for euro nations remained weak at the start of 2013 but the bank expects “a gradual recovery later this year.” The ECB forecasts the region’s economy will shrink 0.3 percent in 2013.

Political developments in two of the region’s struggling economies have also heightened investor concerns. In Spain, charges of bribery have put pressure on Prime Minister Mariano Rajoy to resign. In Italy, polls favor Silvio Berlusconi in elections next week. Berlusconi, a former premier, has called for billions in tax rebates and amnesty for Italians who haven’t paid them.

Brent crude, used to price many international varieties of oil, was down 19 cents to $117.47 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex:

— Heating oil fell 0.2 cent to $3.20 a gallon.

— Wholesale gasoline rose 1.5 cents to $3.329 a gallon.

— Natural gas added 3.2 cents to $3.182 per 1,000 cubic feet.

…read more
Source: FULL ARTICLE at Fox World News

The Best Fictional Presidents

In honor of Presidents Day, we here at IGN wanted to do our part to say thank you to all of our country’s greatest leaders. Throughout our hundreds of years of existence, there have been some fantastic presidents. But some of the greatest leaders of our nation actually haven’t led the nation at all. Isn’t about time we gave some of our favorite fictional presidents some love? After all, without their fictional judgment calls, the world could have been destroyed by alien invasions, giant meteors, or its own stupidity long ago. Here are our favorite fictional presidents of all time (in no particular order):

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Source: FULL ARTICLE at IGN Movies

From the Archives: George Washington Writes in the Margins

By Susan K. Donius

Last month, President Obama began his second Inaugural Address by saying, “Each time we gather to inaugurate a President we bear witness to the enduring strength of our Constitution.” President Obama’s words resonate as the anniversary of George Washington’s birthday approaches on February 22, popularly known as Presidents’ Day.

Over two centuries ago, on April 30, 1789, George Washington delivered his first Inaugural Address knowing that he had little to guide him in the job that lay ahead but the principles stated in the Constitution. The Articles of the Constitution had been debated, discussed, and agreed upon just two summers earlier by the delegates of the Constitution Convention, and were still untested. Nevertheless, Washington was a strong supporter of the Constitution and would look to it for guidance in his unprecedented role as President.

During Washington’s first year in office, Congress ordered 600 copies of the Acts of Congress to be printed and distributed to federal and state government officials. The book compiled the Constitution, the Bill of Rights, and other legislation passed by the first session of Congress.

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Source: FULL ARTICLE at The White House

Die Hard 5 Wins the Weekend

The three-day estimates for the weekend box office give A Good Day to Die Hard a narrow victory over last weekend’s champ, Identity Thief, but it’s entirely possible that the latter could end up winning the four-day Presidents’ Day holiday weekend when the final numbers are in.

A Good Day to Die Hard is the second-highest debut in the Die Hard series, opening with $8 million less than what Live Free or Die Hard debuted with in 2007.

The new romantic drama Safe Haven performed well on Valentine’s Day before fading into third place. Meanwhile, the animated Escape From Planet Earth opened in the Top 5 and Beautiful Creatures flopped in its sixth place debut.

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Source: FULL ARTICLE at IGN Movies

Presidents Day Pop Quiz: Funny Money Facts About the Men in the Oval Office

By Bruce Watson

Presidents day money one dollar bill

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Even when it comes to U.S. presidents whose faces aren’t on bills and coins, discussions about America’s commanders in chief frequently come back down to money. Whether the question is campaign donations or advances on memoirs, shady deals or funding for libraries, and of course, economic ups and downs (I’m looking at you, President Hoover!) it’s hard to separate White House occupants from their money connections.

In honor of Presidents Day, we’ve compiled a list of some fun and surprising…

Presidents Day Pop Quiz: Funny Money Facts About the Men in the Oval Office originally appeared on DailyFinance.com on 2013-02-16T05:00:00Z.

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Source: FULL ARTICLE at DailyFinance

U.S. Stock Markets Will Be Closed on Presidents Day

By Eamon Murphy

Presidents Day

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The global economy is a perpetual motion machine, but U.S. stock markets do take breaks: In addition to the weekends, there are nine holidays on which the stock exchange is shuttered.

One of them is coming up this Monday: Presidents Day, a federal holiday that began in 1879 as an observance of George Washington‘s birthday, Feb. 22. The date was changed to the third Monday of the month by the Uniform Monday Holiday Act, which went into effect on Jan. 1, 1971. When that law was being drafted, it…

U.S. Stock Markets Will Be Closed on Presidents Day originally appeared on DailyFinance.com on 2013-02-15T15:11:00Z.

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Source: FULL ARTICLE at DailyFinance

GOP Blocks Nomination of Hagel, for Now

By John Johnson The Chuck Hagel drama continued on Capitol Hill today, as Republicans refused to allow a final vote on his confirmation to become defense secretary, reports the Hill . Hagel is expected to prevail eventually—but now it can’t happen until lawmakers return from the Presidents’ Day recess. Expect the next vote… …read more
Source: FULL ARTICLE at Newser – Home

The End Of The Reagan Era?

By Paul G. Kengor

Ronald Reagan The End of the Reagan Era?

Editor’s note: A longer version of this article first appeared at American Spectator.

With Barack Obama’s second inauguration, liberals are touting an altogether new epoch: the end of the Reagan era.

Unfortunately, I believe they are largely correct. We are witnessing a period of left-wing ascendance, marked by gay marriageforced taxpayer funding of abortion, an exploding government class, and big government. As to the latter, Ronald Reagan had declared in his first inaugural: “government is not the solution … government is the problem.” The first Democrat to follow Reagan, Bill Clinton, similarly stated “the era of big government is over.” Clinton’s affirmation was also an affirmation of the Reagan era.

Then came Barack Obama. Just days after his 2009 inauguration, Obama proclaimed: “the federal government is the only entity left with the resources to jolt our economy back into life.” He said “only government” could alter our “vicious cycle.”

Obama had repudiated Reagan, and the electorate would again reward him four years later. What Obama called for in 2009 seems to be the new American spirit in 2013.

But is it? Well, the answer is complicated.

For one, Barack Obama is undoing the Reagan era courtesy of an American public that exhibits utterly schizophrenic voting behavior. Let history record a confounding reality that will baffle future historians: The Obama era supplanted the Reagan era thanks to a voting public that adores Reagan, judges him our greatest of presidents, and overwhelmingly calls itself conservative rather than liberal. All unbelievable, yes, but true. Consider the facts:

For a long time now, starting with the Reagan presidency, Americans have described themselves as “conservative” rather than “liberal” by margins of roughly two-to-one. Generally, self-identified liberals have hovered around the 20 percent level, while conservatives have ranged in the upper-30 percent, sometimes above 40 percent.

Surely this must have changed in 2008, with Obama’s election? No; despite Obama winning the presidency by 54 to 46 percent, 21 percent of Americans who voted said they were liberal vs. 38 percent who said they were conservative.

If that seems contradictory for a nation that voted for a man from the far left as president … well, it is. But it gets worse.

A major Gallup poll conducted from January to May 2009, at the height of “Obama mania,” found more self-described conservatives than liberals not only by 40 percent to 21 percent but in literally all 50 states. That’s correct, all 50 states, from California to Massachusetts. And that electorate chose Obama.

It also chose Reagan. During that same period, a remarkable survey was done by Clarus Research Group, which asked Americans which president should be the model for Barack Obama in shaping his presidency. Their top choice was America’s most conservative president: Ronald Reagan.

How could that be? Answer: it cannot. It is impossible.

And yet, it isn’t a shock that Americans would look to Reagan as their model. Two years after the Clarus survey, a Gallup poll released for Presidents Day 2011 ranked Reagan the “greatest president” of all time, garnering 19 percent of the vote among 44 presidents (beating Lincoln fairly soundly, who finished second at 14 percent). Gallup began asking the “greatest president” question in 1999. Of the 13 times Gallup has done the survey, the public placed Reagan first four times—2001, 2005, 2011, and 2012.

How does that same citizenry twice elect Barack Obama? That’s a very good question.

Well, maybe this long admiration for Reagan conservatism suddenly changed in November 2012?

No, though liberals did draw a little closer. According to CNN exit polling, 35 percent of voters on November 6, 2012 described themselves as “conservative” and 25 percent chose “liberal.” This was identical to a Pew poll.

Importantly, some observers dispute these self-designations, insisting that many of those who call themselves conservative really aren’t. Here and there, that may be true. Overall, however, I think the designations are fairly accurate. When you break down the data and ask questions like whether voters prefer more taxes and more government, they generally don’t—even when they vote that way.

So, what does all of this mean?

It means that a self-described conservative, Reagan-loving electorate has twice voted for a hardcore leftist, Barack Obama, to, in effect, end the Reagan era. That wasn’t the intent, but that’s the result.

I’ll end with a dose of Reagan optimism: It also means that the Reagan ideal is not over. I believe that most Americans (for now) still prefer Reagan’s principles and view of government over Obama’s. The Reagan principles are ultimately time-tested and true; they are the universal, unalienable principles of the Founders, rooted in eternal Judeo-Christian beliefs and Natural Law.

The Reagan vision and values are already here, ready to be tapped and again prevail. They merely require the right spokesman (and Barack Obama’s exit from the presidency.)

Source: FULL ARTICLE at Western Journalism