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Obama Wants Cleaner Cars
Already one of the differences between the Obama administration and the Bush administration is coming into focus. The $700 billion bailout bill Bush wanted and got just shovels money at the banks, without getting much in return. Obama has now come out in favor of aiding the struggling auto industry--but contingent on their making cleaner, more energy-efficient cars. Republicans believe in giving large amounts of money to companies that have made bad business decisions in the past, but also believe that attaching some strings to this money would be socialism. Democrats don't have a problem with this.
2 comments:
'Tis a puzzlement at what point capitalism devolved to needing subsidies. The whole idea of capitalism is that profits would be set aside for future use. So, how come this "mature" capitalist economy still hasn't figured out how to save for a rainy day?
When we began letting them watch themselves. Became more fun to pocket the profits, and take them home. Always another job. . . .
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