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Tag: foreign oil

Candice Miller offers YOU 5 Gs to help kick the foreign oil habit

By Nick, Section News
Posted on Wed Mar 18, 2009 at 07:25:12 AM EST
Tags: stimulus, Candice Miller, Congress, spending, foreign oil (all tags)

"You're so ugly your mom has to tie a steak around your neck to get the dog to play with you!" Ah, sweet memories of many pre-beating moments on the playground in elementary school. Children can be so cruel. Congress, too. The only difference, I don't thiiiiink DeAngelo Bailey ever robbed the other kids parents to give Slim five grand after the beating. (Yes, that's a semi-obscure hip-hop reference, but Eminem is from the D so I figure I'm entitled.)

The Detroit News reports this morning that a new stimulus bill was introduced yesterday in DC by Macomb County's own Candice Miller, this one designed to give every man, woman and 16 year old in America anywhere from $5,000 to $7,500 in free cash if they'll buy a new car and provide a gas-guzzling trade-in.

The bill proposes giving consumers vouchers to buy new, more fuel-efficient vehicles in exchange for turning in vehicles at least eight years old. The program is dubbed the Consumer Assistance to Recycle and Save bill, or CARS Act.

Quick aside... that right there is a piece of fine acronyming. CARS. Get it? Sorry... back to your regularly scheduled clip...

...60 percent of vehicles in the United States are old enough to qualify. The bill would award higher vouchers for vehicles assembled in North America -- up to $5,000 -- versus up to $4,000 vouchers for vehicles assembled outside North America, and would not apply at all to vehicles made outside North America. The proposal was endorsed Tuesday by Detroit's Big Three automakers and the United Auto Workers.

Ah, winners and losers and the government that picks them. But that's a minor complaint, or is it? If you're one of those squishy economics students who believes a little government stimulus can go a long ways this might not be such a bad idea. If you'd rather the government stay the heck out of the market no matter the conditions then this will have you seeing red (or green, if you want to take advantage of the program when no one's looking).

If you're Congress and you're spending money like its free then I'll go ahead and say this qualifies as one of your better cash-burning ideas, at least from where I sit here in the state that put the world on wheels. It's a stimulus that actually lands in consumers pockets (as opposed to the Obama administration's hundreds of millions in bonuses for AIG executives), that helps the Big 3, Michigan companies, but isn't a straight give-away and maybe most importantly, it will directly and could substantially decrease our dependence on terrorist states for fuel.

Call it the national security stimulus plan. Or call it another example of an out-of-touch federal government spending like drunken sailors. But call it something. What do YOU think?

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