AUTO BAILOUT SCAM

George Mobiot - Paying drivers to scrap their old cars and buy new ones will do nothing to catalyse a low-carbon transport revolution


So prepare yourselves, ladies and gentlemen, for the worst scam of all. It's another reward for failure, but this one offers no prospect of rescuing the economy. Thanks to its cunning disguise as an environmental measure, we seem willing to be conned.
Every pound we spend on driving is a pound withheld from the alternatives, many of which (such as buses and trains) employ far more people for the same amount of money.


This leaves only the value of preserving the industry for its own sake. It is hard to think of a less deserving cause. The motor companies have repeatedly failed to anticipate trends in demand. They have carried on producing thunderous gas guzzlers long after the market collapsed. Every so often the bosses wring their hands about jobs, put out the begging bowl, get the money, then shaft their workers anyway. Like the bankers, they have wrecked their own industry. And like the bankers, they want the rest of us to pay. . . . www.monbiot.com . . . .NOTE: ALTHOUGH THIS ITEM WAS WRITTEN BY GEORGE MONBIOT .IT COULD EASILY APPLY TO THE LATEST PROMOTION BY FORD MOTOR COMPANY IN ITS LATEST PROPOSAL TO THE FEDERAL GOVERNMENT FOR A $3500.00 REBATE FOR OLDER CARS IN CANADA. . . .BE WARNED.

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