Barack's automaker bailout?
but, still need to build more relevant autos"Obama's plan to help the Big Three cope with stricter fuel-economy and emissions standards starts with a 10-year, $150 billion commitment to clean energy, with part of the money going to help automakers retool their factories to build alternative-fuel cars. In addition he would double funding for the Manufacturing Extension Partnership, a program that currently assists manufacturers in upgrading to more efficient technology. Lastly, the candidate would use money from a $10 billion venture-capital fund to create a program in Michigan that would focus on bringing eco-friendly auto technology from the lab to the market. All told, Obama says he plans on "committing the kind of resources we haven't seen in decades here in Michigan."" (more)
Pandering? Pork? A good idea? Much ado about nothing? What about tax credits for consumers that make more intelligent automobile purchasing decisions? Why not let automakers compete for this money in some way that requires consumer to put some skin in the game?
Labels: barack obama, fuel efficiency
posted by Dahcredyns at
9:11 AM
2 Comments:
I have never understood why our Government should bail out companies (i.e., the Big 3). Personally, I feel it is the MO of our flawed Federal Reserve system, but I do not wanna open that can of worms.
The Big 3 should have seen this coming, should have been preparing for this and should have stayed the course that was started in the 90's with all the EV's produced. Honestly, I think they should have to dig themselves out of their own holes and save us from 150 billion dollars in government spending.
Of course, the preceding diatribe is predicated upon Obamaa being elected to the White House.
Funding auto makers with millions...even billions...to try to get them to do what they should be doing anyway? That's retarded!
Give the money out to the buyers who want the existing flex-fuel cars...but, who just cannot afford them!
Obama, you are not looking at the people's needs here. Wake up and stop funding the rich!
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