Detroit Calls Emissions Proposals Too Strict

Need gas guzzlers to make a profit, they say-

What part of meltdown don’t these people get? They live in a dreamworld not unlike George W. Bush. Then too they are living off a government bailout, and yet they want to build gas guzzlers to make a profit. The price of gas will stay low only as long as the recession remains deep. Tell them “no,” and outlaw the production of gas guzzlers unless the buyers demonstrate a need or pay a heavy tax.

Detroit Calls Emissions Proposals Too Strict. New York Times.

In a related matter, Citibank wanted to buy a luxurious $50-million corporate jet after getting a $45-billion bailout from the government. The President stopped it.

Obama Officials Tell Citibank To Ditch Plans For $50 Million Private Jet. Huffington Post

For 2008, Wall Street gave out 18.4 billion dollars in bonuses, rewarding the worst performance in about 70 years.

Study Says 80% Of Wall Street Got 2008 Bonus. Maurna Desmond. Forbes.

The stimulus package passed the House today without a single Republican vote despite President Obama’s wining and dining the GOP and its stable of MSM columnists. I think there is going to be growing pressure for the President to move to left. That’s what FDR did after first trying to cooperate with basically the same group of interests.

Note that Idaho’s new Democratic Republican congressman, Walt Minnick, was one of 12 nominal Democrats voting against the stimulus.

How Will the Stimulus Affect Energy?

This article suggests the energy stimulus will be mostly green and decentralized-

I’m not sure how the author of this article (Richard Martin) knows this, but he says the part of the stimulus directed specifically at energy will consist mostly of community based activities, retrofitting, energy efficiency and the like.

I add that this kind of energy stimulus will also create more jobs per dollar by far than remote solar farms, wind farms, and transmission lines.

The article is in New West. How Will the Stimulus Affect Energy? By Richard Martin