Here’s Mrs. Pewosi’s “Be vewy, vewy quite” aside to the audience:
“Emergency assistance to the automobile industry would be conditioned on executive compensation restrictions, a prohibition on golden parachutes, rigorous independent oversight, and other taxpayer protections to ensure that any companies that benefit from this assistance — and not the taxpayers — bear the full burden of repaying any costs that are incurred,” Ms. Pelosi said.
“It is essential for the domestic automobile manufacturing industry to re-emerge as a global, competitive leader in fuel efficiency and in new, path-breaking energy-efficient technologies that protect our environment. For the automobile industry to be truly viable, it must continue to move in this direction.”
She don’t know her overclass wabbits — or her basic physics — vewy well, do she?
This matewial is daisy fwesh, though, ain’t it? Weawistic, too…
Remove any one of these six legs, and the money-changers’ table tips over.
The auto-industrial complex, however, is the one that is in big immediate trouble, due to the inherent pipe-dream of using two tons of materials to transport individuals to and fro every day of the year.
Finance will always renew itself, thanks to the basic structure of income distribution, and is also set up to expect some down times.
Medical ain’t going nowhere.
Military ain’t going nowhere.
Household (being food-clothing-shelter) certainly ain’t going nowhere, and is, size-wise, largely a shadow of the automotive complex. The car gives you the suburb, which sells everybody washers and dryers to replace the shared laundromat room, etc.
The car is the linchpin of the system, and, hence, it is non-negotiable, from the overclass (read: mainstream + confused/cowed/captive “alternative”) perspective.
Posted by Michael Dawson | August 6, 2008 1:44 PM
Posted on August 6, 2008 13:44 Michael Dawson:
P.S. re the numbers:
If you tote up vehicle purchases, repairs, fuel, insurance, parking, parts/tires, and road construction/maintenance, the yearly US expenditure on automobiles easily tops a trillion dollars. These days, it’s probably >1.5 trillion…
So, the Neo-Gipper is talking about pumping in something like one-third-of-one-percent of the overall endeavor.
Such is the fruit yielded by the tree of Klintonism and its imported “balanced budget” rootstock.
Where the fuck is all the new electricity for these supposedly workable electric vehicles going to come from? Wind and solar are break-even propositions, at best, in EROEI terms, and using nukes or coal to make the juice would last about a decade before it would hit the self-same supply limits now looming for petroleum.
I know it’s been said before, ala Chicken Little, but here we go again: Only a mass green-socialist-public enterprise uprising against the system will solve this coming crisis…