The survival of Chrysler and General Motors remains in doubt after Congress adjourned late Thursday night without passing a Senate bailout bill for U.S. automakers. The U.S. House passed a version of the bailout bill Wednesday that included a key green provision requiring automakers to abide by California's strict fuel-efficiency requirements. However, the Senate's rescue bill contained a provision essentially stipulating the opposite, but now that the legislation is dead, neither version will be passed into law.
source: The New York Times, Bloomberg, Associated Press
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racc Posted 3:31 am
12 Dec 2008
GM, by first eliminating street cars, then by resisting emissions regulations, then by conning people into buying gas guzzling SUVs have contributed more to environmental destruction than any other organization on the planet.
The way forward is to provide people with a variety of better transportation choices that have less environmental impact. This includes high-speed rail, rapid transit, cycling and walking as well as building communities that don't force people to walk and cycle.
Instead of wasting money bailing out the failed auto makers, it would be far better to provide loans to new, innovative companies that can provide transportation solutions for the future. Funding should also be provided to help transition auto workers to new jobs.
The world marches on. By desperately hanging on to sunset industries, we will far even further behind other countries.
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Wolverine Posted 5:10 pm
12 Dec 2008
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