WAKARUSA, Indiana (CNN) – President Barack Obama announced Wednesday that the federal government will provide $2.4 billion in grants for the development of more fuel-efficient, battery-powered automobiles.
Obama made the announcement during a visit to an RV manufacturing plant in Elkhart County, Indiana - hard hit by the economic downturn.
To all the douchebags complaining about more spending, this was part of the stimulus spending. Get over yourselves already and quit whining. God, you people are annoying.
Every last one of you idiots are complaining...dam if you do, dam if you don't. No matter what the president tries to do to fix this mess, some of you will not support or offer real strategies. How soon can you forget the mess that your friends from the Rebublican party made. Real Americans try and support the remaking of our country, instead of tearing it down. Some of you so called Americans make me want to regurgitate!
This money was budgeted from the Recovery Act signed in February. I think people need to realize that there are good investments, there are needed/required investments, and there are straight up bone headed risks. Speaking for one, I classify this as a "good" investment, not necessarily needed – but good none-the-less. It is an effort that considers environmental impact, it will create "unique" jobs (unique in that they can not be out-sourced), and it will put the US in firm position to potentially gain a sustainable advantage versus other countries with these same projects. If anyone were an executive "player" in the auto industry, why wouldn't they make this kind of investment – especially with Gov't backing?? There's a market for it.
I would love to trade in my 14 year old car for a 'clean' car, except according to the government's site, my car makes 3 more mpg than allowed. No, not really, but instead of trading it in, I'll just keep driving it and getting dirty looks from silly people looking down their noses as they putter by in their Priuses and such. Nice.
This, $2.4bil, is what he says will "unleash prosperity for all, not just some"....haha, I think this guy is delerious. Axelrod and Rahm are probably freaking out right now...
Most of the reseach has already been acomplished. In the past the American auto industry CHOSE not to make hibrid cars, instead going for the big money SUV.
What is to prevent American auto companies from just taking this money, conducting "reseach" and still not producing the cars?
I hope there is a clause in this that requires American auto companies to actually make good cleaner cars.
The Cash for Clunkers is a great idea. It puts money IMMEDIATELY back into the economy. The money saved by using less gas will also go back into the economy. It's such a good idea the Republicans hate it. Doesn't that say everything?
Sure big fella – spend more money! You are toast! :)
here we go again.
keep picking and choosing who is a winner and who is a loser.
that will get the economy going. after all, Obama knows better than the principles of the free market.
and i don't want to hear crap about the free market getting us into this crisis. its far too complex to write here, but the government and the Fed are mostly to blame.
hey, Obama, STOP SPENDING MONEY! In case you haven't noticed, WE ARE TRILLIONS IN THE HOLE!!!!!!!!!!!!
Reality King. You're an idiot. First the 1.8 trillion deficit is the bi-product of the Bush administration. Second, these funds have alread been paid for by cuts to the defense program and various other non essential projects. Get your facts straight before you comment.
How will this help people get jobs? The money goes for the development, which means technicians working behind closed doors, not the average joe who lost his job in Detroit.
I did the cash for clunkers deal. Pretty simple I traded in an rusting ranch truck for a 2010 Lexus RX 450h for my wife. As a Republican who owns his own business it will probably be the only tax incentive I will get for a long time.
This money is going for research and development. People who worked on assembly lines and lost their jobs won't benefit from this! It'll take years to develop cleaner technologies and all those line workers won't have anything to build unless the R&D produces something.