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March to Socialism!

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


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



( 2 conspiracy theories — Conspire Here! )
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.
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! )