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March to Socialism!

March to Socialism...
OR there's no road to socialism, you're imagining things.

OBAMA ADMINSTRATION TO KILL HYDROGEN FUEL CELL FUNDING.

YES, you read it correctly. The most-environmentally friendly president of all-time is killing research on one of our alternative fuel programs.  There are a few strange things about this though...

The car company in the United States that was at the forefront of the hydrogen fuel-cell technology is (wait for it, wait for it) - General Motors. Now - who is helping GM with a federal bailout and guiding them towards bankruptcy?  Duh?  Take a wild guess.

Obama is more than likely killing this program because it was a Bush administration initiated program - and believe me by first hand experiences, nothing drives a Liberal Democrat more than hate.

Plus it's pretty neat to wield power even if it shoots your own country, and a US-based company, in the foot.

I'm not exactly big on govenment-business funding but the hydrogen program was about $100 million a year, chump change compared to the billions on solar and wind alternatives, and to the $3.8 trillion federal budget.  I just find it strange that the federal government knows about GM's golden research program, and is willing to severely limit the company's future prospects.

Don't worry - all is not lost.  Japan's Toyota and Honda said they will continue with their primary fuel-cell research, which is getting funding from other places.

============

The global economy, and capitalism, will be "reset" in several important ways.  The interaction between government and business will change forever.

In a reset  economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.

-- Jeffrey R. Immelt
General Electric Chairman of the Board and Chief Executive Officer
Annual Letter to Shareholders
February 6, 2009

NOPE - NO SOCIALISM THERE EITHER.    :-)

Comments

( 2 conspiracy theories — Conspire Here! )
justinsgayhero
May. 13th, 2009 01:09 am (UTC)
They're making a HUGE MISTAKE!, I'd like to know what they expect us to use when the oil runs out.
dgreatone
May. 13th, 2009 12:29 pm (UTC)
According to the New York Times, the lobbyists are still fighting for it. Even if this fed program survives, will it mean Government Motors continues with its research?
( 2 conspiracy theories — Conspire Here! )