Quote:
Originally Posted by LordBalfor
If it got the auto industry back on track - which seems to be the case - it was WELL worth the money.
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There are so-o-o-o-o many things wrong with that...
Sigh.
Automobiles are going into decline as the century advances. Thanks to the recession and drop in consumption, fuel prices are painfully high, but not at the wallet busting of 2 years ago. But as more and more consumers in China and India come on line, looking back on $4/ gallon gasoline will be a fond memory.
We're importing 70% of our consumption (of roughly 7 billion barrels / year).
At $70 / barrel, that's not only a lot of 7's, but we're exporting at least
343 billion dollar bills - each year.
What SHOULD America be doing? A national initiative to transition to electric traction rail - electrifying mainline track - and rebuilding urban rail lost to the machinations of
GM.
OpEdNews - Article: GM Must Remake the Mass Transit System It Murdered
BHO's administration has offered
8 billion as "Seed" money... for High Speed Rail (yawn)... to be completed -perhaps- in 2016, 2020, 2030... or never.
But we all know what government does - waste, inefficiency, and corruption.
Instead of giving tax monies (with long long strings attached), how about just not taking taxes - ever - from any company 100% involved in manufacturing, building, operating or maintaining electric traction rail?
But you won't see a common sense solution ever come from the halls of power.
(Based on the former 40,000 track mile estimate for streetcars, and $20 million / mile for track, America needs to spend
800 billion dollar bills just to restore lost rights of way - THANKS TO GM).
No, "Saving GM" (and Union votes) was the wrong thing to do with taxpayer funds. That was simply BRIBERY... and a misuse of public funds.
But what's a few trillion among friends, eh?
Impossible to pay back - for one thing.
Economic collapse pending is another.
Pain and suffering - YOU BETCHA!
Thank YOU, BHO and the administrations since 1933, who have driven America into decline and destruction.