How about private-sector bailout?
Letter to the Editor
Tuesday, November 18, 2008

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

From the Tuesday, November 18, 2008 edition of the Augusta Chronicle
Reader Comments
Note: Comments are not edited and don't represent the views of The Augusta Chronicle. Please read our full comments policy. To report a post that may be inappropriate, click the icon.
Your display name is (change display name)
YOUR MESSAGE:
You have 1200 characters left.


advertisement

advertisement

TopJobs


Augusta-area Top Jobs
Billing Manager needed for private Oncology | Hematology practice. Experience required. Misys software experience preferred. Please mail or bring resume to Cancer Center Associates, 111 Miracle Drive... (more)
Hospital Hiring Work for local lab doing LAB WORK $-13 | hr Collect & transport patient specimens & clerical duties. Call (706)868-6800 Permanent position with local hospital! Pro Resources $185 J# ... (more)
Robotic Welding Technician (Fanuc Robot) Minimum 3 yr. experience creating welding programs for roboticsystems, PLC experience that includes basic programming, previous experience setting up & trouble... (more)


© 2009 The Augusta Chronicle|Terms of service|About our ads|Help|Contact us|Subscribe|Local business listings


shopping & services

What:
Where:



advertisement