Why not? Because of the loan guarantees it offers to the former “Big Three.”
The first Arab oil embargo was 30 years ago, and the Used to be Big Three have done nothing positive in the way of conservation measures since then. Rather, they have fought every attempt to impose new gas taxes, new CAFE standards or anything else that would cut our dependence on foreign oil.
Tom “The World is as Flat as My Head” Friedman undercuts his own arguments in favor of the act when he notes that the technology not just for hybrids, but flex-fuel hybrids, is already here. He didn’t mention diesel hybrids, which, with clean diesel after 2007, would take care of our immediate problems all by themselves. (Ford, for example, has a diesel hybrid prototype.)
So, why do Ford, and GM and DaimlerChrysler, need loan guarantees? It’s their own fault they’re behind the hybrid production curve. If they can’t get ahead of the hybrid marketing curve, that’s too damn bad. And it’s too damned hypocritical for the “apostle of globalization” to be spouting lines about loan guarantees.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
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