This convoluted collection of spin typifies the lack of knowledge that seems to influence today's voters. Please Nancy, find another source of information. The one you're using has you totally confused.
Carmakers want a bailout. American oil companies want to pay less in taxes. Taxpayers don't want government bailing out private industry. Lawmakers feel to do nothing will spell economic disaster. The Obama administration wants to encourage the development of new technologies.
I have the solution. American oil companies that use their record profits to help bail out automakers that are developing new technologies will receive tax breaks. This is the private sector bailing out the private sector. The government's role is only to provide tax incentives, dispelling fear of public ownership of private industry.
The money for these incentives can come from eliminating carbon credits, which are ineffectual and arbitrarily distributed. Those companies unwilling or unable to develop new technologies will fall to economic Darwinism.
If oil companies fail to contribute they have as much to lose as the rest of us, because oil prices and demand are on a downturn with the rest of the economy.
In times of fear and panic we need to use common sense.
Nancy Pund, Lincolnton
Comments
This convoluted collection of spin typifies the lack of knowledge that seems to influence today's voters. Please Nancy, find another source of information. The one you're using has you totally confused.
Wouldn't it be simpler for Exxon to just buy General Motors. At least they might profit from giving their money away. What is suggested is exactly wrong. If Nancy drives a car, why not just give her money to the automakers that are developing new technologies. This is why some folks should not be a business owner.
How about just letting failling companies fail. There will always be a demand, and new arrivals may be able to do it better. By continueing to revive these troubled without any way to control how they maintain the business. It will just fail again. Could I live to be 110, sure but what kind of life would it be if I had to move 2 tons of life support with me. It's that same thing for these companies, they have grown so fat, they don't know what it's like to be hungry anymore. Let them fail, make room for something new. Bailout will cost more than those companies are worth.
I am yet to see any of the CEOs of the failed banks and mrotgage companies being investigated or in jail. As for the UAW/Big Three, let them file bankruptcy and have the judge re-negotiate their union contracts that are killing the American auto makers. Get rid of the CEOs of the big three who have failed to stand up to the unions and have failed in producing cars the consumers want because of poor quality/efficiency.
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