While everyone is watching the bankers get bailed out, quietly on the side failed USA automakers are being bailed out, to the tune of $25 billion. We are told this is for hybrid cars. If this launches sales for 1 million cars, the subsidy will amount to $25,000 per car. Money directed to people who have failed so far. Honda, Toyota and other USA auto makers promised not to apply for any of the money. Because they do not need it (but of course because they are productive taxpayers, they will end up iin part paying for the subsidy.) The entire thing is madness.
And it seems those who buy a hybrid car are not a happy crew.
In a free market we'd likely have cheap clean mag lev transportation.
Vote third party. Any third party.
Thursday, October 2, 2008
Hybrid Car Bailout
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