Run out and buy a Denali
Congress is having fits trying to figure out what to do about the big 3 US carmakers. Let them sink? Give them billions and billions and billions of dollars? Retool them to make buses and repair bridges? No that last one isn’t a real proposal, at least not that I know of. Barbara Mikulski’s is real though.
Mikulski did not call for the $25 billion worth of federally guaranteed loans that Reid is seeking. Instead, she offered her own proposal costing $8 billion: tax breaks for those buying cars between now and the end of next year.
That’s the stupidest thing I’ve heard in – a day or two anyway. What a good idea! Give people tax breaks to encourage them to buy bad dangerous oversized gas-guzzling pedestrian-flattening planet-destroying cars!
Yes I know thousands of jobs are at stake, but other things are at stake too, and as everyone keeps awkwardly noticing, the US car industry is flailing partly because it makes such bad stupid cars. I think we should go all free market on their ass and say the invisible hand has spoken, go make tinker toys.