Tuesday, May 08, 2007

Obama wants to subsidize the auto industry

As usual democrats see solutions in tax and spend...

From USAToday:
The Illinois senator said his plan encourages domestic automakers to make fuel-efficient hybrid vehicles by giving them health care assistance for retirees. Federal financial assistance would cover 10% — up to $7 billion — of automakers' annual legacy health care costs through 2017 under Obama's plan, which would require automakers to invest at least half of their health care savings into technology to produce fuel-efficient cars.

As a second choice, Obama's plan would provide $3 billion to automakers over 10 years to help retool plants to make fuel-efficient cars and trucks.
So, he wants to take billions of our tax dollars to help an industry make money. This is what you get from democrats, government intervention into the market and high taxes. Since we have a deficit in this country, where will he get the money from folks? I will tell you from YOU. If this is the kind of nonsense you want, then you are a Socialist.

Technorati Tags: , , , , ,