Saturday, February 21, 2009

On the road to fuel efficiency . . . .

I just found out what happened.

In the Energy Independence and Security Act of 2007, Congress allocated $25 billion to "reequipping, expanding, or establishing manufacturing facilities in the United States to produce qualifying advanced technology vehicles or qualifying components." However, all of the $25 billion was subsequently relocated to provide bridge loans to the auto industry as part of their bailout announced on Nov. 20, 2008.

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