23 June 2008

Now This Is Old School Free-Market Capitalism

Step right up! Step right up!

John McCain hopes to solve the country's energy crisis with cold hard cash. McCain is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.

The bounty would equate to $1 for every man, woman and child in the country, "a small price to pay for helping to break the back of our oil dependency," McCain said.

McCain said the new device should deliver power at 30% of current costs and have "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars."

In addition, a so-called Clean Car Challenge would provide U.S. automakers with a $5,000 tax credit for every zero-carbon emissions car they develop and sell.

"In the quest for alternatives to oil, our government has thrown around enough money subsidizing special interests and excusing failure," McCain said.


WIBR said...

I can't help but feel had Al Gore said this, the Republicans would have burned his house down.

Gotham City Insider said...

Which raises the question, is Al's house biodegradable?