Obama To Spend $4b of Your Tax Money for 1m Hybrids by 2015

Robert Farago
by Robert Farago
obama to spend 4b of your tax money for 1m hybrids by 2015

The Detroit News reports that Senator Barack Obama wants to help Michigan et al. help him become president of the United States (surprise!). To that end, Barack will gladly use your tax money to encourage Detroit to, as my 14-year-old puts it, party like a Barack star. Speaking at the Lansing Center, "Obama proposed $4 billion in federal loans and loan guarantees to help the automakers meet his goal [of 1m hybrids by 2015]– a figure he first mentioned last month in a letter to United Auto Workers leaders — and a $7,000 tax credit to drivers who buy plug-in hybrids." That is, it has to be said, small beer. So Detroit's lackeys said it. "U.S. Rep. John Dingell, D-Dearborn, one of the auto industry's staunchest supporters in Washington, said the domestic companies could require $30 billion or more to meet the goal for their initiatives." Of course, if the real goal was more hybrids, why not let Toyota in on the action? Or the feds could just let the free market do its thing. Anyway… Obama also "modified" his position on domestic drilling (hey, sure, why not?), and proposed selling some oil from the U.S. strategic reserve [just before the election]. In case you were wondering…

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  • LUNDQIK LUNDQIK on Aug 05, 2008

    @kazoomaloo : Awesome post.

  • Shaker Shaker on Aug 05, 2008

    kazoomaloo: +++++++++++++++++++++!

  • Carveman Carveman on Aug 05, 2008

    Three years in the Senate. One of which running for President. A babe in the woods. I thought the Democratic primaries were the funniest thing Ive ever seen. But watching Democrats support this guy with a straight face leaves me gasping for air. It reminds me of the Monty Python black knight scenario with the black knight. He's not qualified. Yes he is. He hasn't any experience. That ok. He hasn't any economic military or diplomatic back round. He speaks well. Now he want to bail out the US auto industry with taxpayer money ? Stop it man your killing me.

  • Edgett Edgett on Aug 05, 2008

    John Stewart was asked during the primary season if he thought the American people would have difficulty voting for a woman or a black man. He said "No one asked in 2000 if the American people would have difficulty voting for a moron." Eisenhower was a general with no political experience. Nixon was an ex-VP who was widely hated. Bush I was an ex-VP. Reagan, Clinton and G.W. Bush were ex-governors. The job asks for someone who can think on their feet, select excellent advisors and provide leadership. Experience as a senator is in large part about raising funds to remain a senator. Some of the most successful business leaders of all time came out of nowhere.