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I've had enough automaker bailout talk. Let's be
frank, US automakers deserve bankruptcy. Yes, in the
last few years, automakers have made many important
changes, but a few years doesn't rectify decades of
bad decisions and unreliable automobiles. Of course,
most US auto consumers need to have their gas-guzzlers
repossessed as well.
Yet, what good would this destruction create? 10,000
new Tesla employees? Less foreign oil dependency? The
end of CO2 emissions from autos?
No. So, here's what Congress should do in 3 simple
steps. 1.) Bailout US automakers enough so that they
can survive another 3 years. 2.) Add unlimited
consumer tax credits through 2015 for hybrid
vehicles, EVs, natural gas cars, and any vehicle
that can achieve at least 35 mpg on the EPA's city
- NOT HIGHWAY -cycle, and 3.) Create a scalable gas
tax immediately. This puts a bottom on oil prices,
funds the tax credits, and sends a message - more
transparent than Congressional regulation - to
automakers that gas-guzzling is dead.
Labels: Foreign Oil Dependency, Hybrid Vehicles
