last november 8,
i posted this artulce, setting yp the most immediately “shovel ready” revoceryt program possible:
http://baltbear-on-finance.com/the-10-cent-solution-for-gm-f-etc.
that article was forwarded to a number of congresspeople, including nancy pelosi, by regular readers of this blog, which was begun, among other reasons, precisely to get suystainable trhinking into the marketplace instead of hype.
a very watered down version of the 10 cent solution passed congress and immedately led to serious success at improving fuel economy, market economy, and revitalising main street and the assembly lines that run 10% of the usa economy.
what did not pass was the anti-gimmick, no free lunch portion of the porgram:
a 10 cent a gallon federal tax to be used to actively fund he program, and make the rebates (currently $4500) truly meaningful–like $8k meaningful–so hat more members of the general economy could benefit.
tell your congressman, now that another $2 billion is going into this plan that you want to see it funded permanently, realistically, not gimmickally.
gasoline prices are back in the $2.50 range in my travels, which indicates according to my charts, a bottom forming in the overall econ. that bottom, can be broken, and will be, by any other oil shock. gentle pressure on oil demand, and strong relief for oil demanders will make a difference.
Posted under business
This post was written by admin on August 7, 2009
