
Obama slams McCain's $300 million battery prize
Democratic presidential candidate Barack Obama has slammed Senator John McCain's
proposed $300 million prize for the creation of an advanced car battery, calling it a “gimmick” designed to grab attention but offer little aid for the fuel crisis. Despite the latest remark, Obama has already proposed cash incentives in his own scheme for improving fuel economy and reducing carbon emissions but pointed out that his own proposals offer a more realistic solution.
Obama differentiated his own fuel economy policy from McCain's by his focus on immediate action. "I have a plan to raise the fuel standards in our cars and
trucks with technology we have on the shelf today," Obama told reporters in Michigan. One of the democrat senator’s proposals includes a doubling of fleet fuel-economy requirements by 2027 to 50mpg.
Obama also likened the current fuel crisis to the race to land on the moon - a goal that cannot be realized by a prize for one company or individual to create an advanced battery. Its solution requires the entire effort of the nation and the full resources of the government, he explained.
The democrat senator now plans to meet with auto executives and factory workers, including
Ford CEO Alan Mulally later today and GM chief Rick Wagoner on Thursday, reports
The Detroit News.
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By Knight3058 Posted: 6/25/2008 1:33pm PDT
By Gus Posted: 6/25/2008 3:11pm PDT
By NCyder Posted: 6/25/2008 4:00pm PDT
By chris Posted: 6/26/2008 7:15am PDT
and then he equates it to the race to the moon, which was the government throwing all of their money behind any contractor that could make any piece of equipment that fulfilled ridiculous specifications that no one thought would be possible 7 years previous to the moon landing when the initiative was proclaimed.
bad move obama, bad move.
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