tke711
05-07-2007, 09:14 PM
Story Here (http://news.yahoo.com/s/ap/20070507/ap_on_el_pr/obama_autos;_ylt=At214raYn6OimZJOnPpUC3fMWM0F)
While I will give Obama credit for at least giving details for once, instead of generalities, this is just ridiculous corporate welfare at it's worse.
Obama said his plan encourages domestic automakers to make fuel-efficient hybrid vehicles by giving them health care assistance for retirees. Federal financial assistance would cover 10 percent — up to $7 billion — of automakers' annual legacy health care costs through 2017, under Obama's plan, which would require automakers to invest at least half of their health care savings into technology to produce fuel-efficient cars.
Yes, you didn't read that wrong. Obama would give $7 billion of our tax dollars to the Big 3 simply because they didn't think forward and are getting their asses handed to them by foreign auto companies (who arguably actually build more cars in the US then the US automakers do).
In addition, it doesn't do anything to let the Big 3 actually address the legacy benefits problem and will embolden the UAW to go after even more lucrative contracts because now they can suck off the government teat.
If this is indicative of the bold ideas of Mr. Obama, you can count on my vote going somewhere else.
While I will give Obama credit for at least giving details for once, instead of generalities, this is just ridiculous corporate welfare at it's worse.
Obama said his plan encourages domestic automakers to make fuel-efficient hybrid vehicles by giving them health care assistance for retirees. Federal financial assistance would cover 10 percent — up to $7 billion — of automakers' annual legacy health care costs through 2017, under Obama's plan, which would require automakers to invest at least half of their health care savings into technology to produce fuel-efficient cars.
Yes, you didn't read that wrong. Obama would give $7 billion of our tax dollars to the Big 3 simply because they didn't think forward and are getting their asses handed to them by foreign auto companies (who arguably actually build more cars in the US then the US automakers do).
In addition, it doesn't do anything to let the Big 3 actually address the legacy benefits problem and will embolden the UAW to go after even more lucrative contracts because now they can suck off the government teat.
If this is indicative of the bold ideas of Mr. Obama, you can count on my vote going somewhere else.