McCain Offers $300 Million Prize for New Auto Battery.
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 in remarks prepared for delivery Monday at Fresno State University in California.
The Arizona senator is also proposing stiffer fines for automakers who skirt existing fuel-efficiency standards, as well as incentives to increase use of domestic and foreign alcohol-based fuels such as ethanol.
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," said excerpts from McCain’s prepared text. "From now on, we will encourage heroic efforts in engineering, and we will reward the greatest success."
Maverick? Sounds more like a nanny state mule.
Hey, John. Buddy? The tax payers money isn't a slush fund for your 'good intentioned' special interests, either. The lesson here is that our gub'mint needs to stop subsidizing special interests, and contributing to inefficient, and bloated bureaucracy.
We all need to take a lesson from Professor of Economics, Walter E. Williams, when he wisely proclaims, "If it's in the Yellow Pages, the gub'mint has no business being in that business!"
