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AP: Obama addresses energy policy in Detroit

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Colobo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-07 01:39 PM
Original message
AP: Obama addresses energy policy in Detroit
http://biz.yahoo.com/ap/070507/obama_autos.html?.v=3

Obama said his plan encourages domestic automakers to make fuel-efficient hybrid vehicles by giving them health care assistance for retirees. Federal financial assistance would cover 10 percent -- up to $7 billion -- of automakers' annual legacy health care costs through 2017, under Obama's plan, which would require automakers to invest at least half of their health care savings into technology to produce fuel-efficient cars.

As a second choice, Obama's plan would provide $3 billion to automakers over 10 years to help retool plants to make fuel-efficient cars and trucks.

It's all part of the U.S. auto industry taking necessary steps to help its own turnaround, Obama said.


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TwilightGardener Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-07 01:45 PM
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1. But he's all style and image! Where's the substance? Where's the specifics?
;)
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Colobo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-07 02:14 PM
Response to Reply #1
2. Obama has no substance, blah, blah, blah
Where are Obama's critics now? :)
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Colobo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-07-07 02:27 PM
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3. Kick!
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