Congress approved a $25 billion loan to automakers and their suppliers under the Energy Independence and Security Act. This is by far not the first loan. That bill includes a modest requirement for automakers to increase their average vehicle fuel efficiency to 35 mpg. The problem is that it allows the companies to have their way with virtually no oversight or accountability. Do they care? It is so that the less gas we consume the better. Fossil fuels will get more expensive and therefore fuel prices will go up- and it is a given.
What a better time than now to get Congress to have Obama rewrite the conditions of the big auto industry bailout bills? He has been working hard fixing what Bush had done. Icecaps are melting and it known that fuel consumption has gone down, and we do not know how long our gas resources will last. The economy will feel pressure from the high rising gas prices. And we are dependent on it. And President Obama has a goal to help the enviornment.
There is no doubt that congress must rewrite the bill to be expected to issue serious demands, set tough conditions, and impose strict rules on the auto companies to ensure their workers receive fair pay and benefits! To insure that the planet will be top priority and help prevent their fat-cat executives from making off with unearned spoils while leaving their companies in shambles. More better effecient cars is what the world really needs today, before it's too late. Looking at our gas resources- the hiking prices, and Earth's timeling we are growing more unstable. Preserve the natural resources in pushing ahead with our technology.
Americans should get a piece of the profits in the form of stocks being issued to the taxpaypers, every time congress gives away bailouts. The auto industries will not work in the planet's best interests on their own, unless we make them accountable. There is no telling if the money will be lost again. Obama needs to rewrite the previsions of the 2009 bailouts issued to General Motors and Chrystler - that all new incoming inventions of the better energy efficient autos must be top priority of the auto industry when getting bailouts. That the auto industries will fail otherwise! They must consider every possiblity for new auto technology and must consider all new innovations. Obama's special selected Environmental team in congress wants to enforce provisions. Economic stimulus checks are not the answer. If a taxpayer is going to bail out the auto industry, give the taxpayers a return on their investments by stocks that can will allow them to fairly share the profits with demand of the technology in one hand; the stocks can then also become profitable.
With the stocks we may all succeed in a new sort of growth. The time to act is now. President Barak Obama, "The people's job is to help each other." I know you will help us all.
