Earth2Tech's Kevin Kelleher, in discussing the notion of a "'Manhattan Project' for Detroit" of open source, cross-company R&D, wrote this amusing, taut lede:
“If we are lucky, we will come out with a bill next week that nobody likes.”
With those words, Rep. Barney Frank (D-Mass.), chair of the House Financial Services Committee, wrapped up two days of testimony from auto executives intended to be something like a truth commission for the incompetent but ending up more like sado-masochism in bespoke suits. It leaves one wondering what happens if we aren’t lucky – and generally not looking forward to this week.
Obama indicated in his Meet the Press appearance Sunday that any bailout for Detroit would include strict requirements about what sort of vehicles they should be producing. I hope that's the case. I would have no problem giving the Big Three $25 billion dollars just to jump-start the entire country into driving plug-in hybrids. We're already spending cash we don't have — we might as well just switch our transit infrastructure over to electric now and figure out how to pay for it later. (It's better than giving them billions and then watching them make more SUVs.)
What About a “Manhattan Project” for Detroit? [Earth2Tech]
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