Another hot potato issue I’d like to address came to light just yesterday. I went home for lunch and tuned in to CNN News while I ate. President Obama was on there giving a rousing speech in Elkhart, Indiana. He was announcing a government plan to award $2.4 billion dollars in grants to US companies to pioneer hybrid automobiles of a new generation. I got the impression this was as big a deal as John Kennedy’s challenge to put a man on the moon by the end of the decade (which we did). The President said he wanted us to lead the world rather than foreign countries leading us! Amen!
I salute the vision and the ideal. However, the plan is to stimulate the economy, not beat the Russians to the moon. Is it wise for us to invest $2.4 billion dollars in private business endeavors when there isn’t enough tax revenue coming in to pay our current debts, let alone this new huge one. I’ve decided not to participate in the recession, but the US economy is in one, whether we like it or not.
What’s your take on this major attempt to boost our struggling economy? Is this plan good or evil?