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Originally Posted by Arbitrary  Democrats and the Speaker of the House have expressed interest in giving the automakers 25+ billion dollars in low interest loans so they can retool their factories because apparently they are getting hammered and are also too big to fail.
I can't really support a candidate who would sign that into law when we've got the largest deficit year ever projected and haven't even finished spending what we are going to spend on the banking industry (and don't forget about job losses and inflation which are still on the rise). |
This is just pandering by the libs. If we were really serious about
getting alternative powered vehicles, the President could just suggest this:
The first two automakers who successfully produce a vehicle that does not use petroleum will be able to deduct 100% of the research and development costs on their taxes spread out over 10 years. Additionally, the profits of these two companies will not be taxable for 3 years.
Bam.
We would have what we need pronto. The jobs created would be enormous. The ancillary jobs created through the creation of new infrastructure throughout the United States (and the world for that matter) would be incalculable.
