"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."
Any sort of cash incentive to get manufacturers to build more efficient vehicles -- and to get people to buy more of them -- is an admirable thing. But let's not forget that if people just make smarter choices, this nation's energy usage will go down dramatically.
If McCain picks Mitt Romney, son of former Michigan Gov. George Romney, as his running mate, Obama will almost certainly be forced to devote significant resources to maintain a close race in the state.
The auto industry thought it had ten more years of maintaining a share of the U.S. market with trucks and SUVs. It got caught napping. But it had never planned, once it woke up, to modernize its American manufacturing base.
Take a look at the health of a country's car manufacturers and it's usually closely related to the health of that nation in general. This theory certainly holds true for America, especially at this moment in time.