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.
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.