Green Options

Why isn’t Nobel prize-winning economist Paul Krugman the Secretary of the Treasury? More and more people are starting to ask that question. Jonathan Mann, the creator of Rock Cookie Bottom, writes a song every single day; last week he wrote this catchy and moving plea to NY Times columnist Krugman to come to the aid of our nation’s scorched and pillaged economy .

The Bush Administration bailed out GM on Friday, after pushing the prospect of bankruptcy as the most reasonable option.  The most compelling language in the bailout agreement: A mandate for electric cars or fuel efficient models?  Not at all. The government has focused in on forcing GM to get rid of its corporate jets, which drew little notice until the Big 3 CEOs flew to Washington to be upbraided by lawmakers.

The legislation had little to say about fuel efficiency, electric or hybrid cars, or the feasibility that a loan to GM will do anything to resurrect the struggling company.  In regard to emerging technologies, the legislation requires merely that GM “intend” to “commence domestic manufacturing of advanced technology vehicles.”

U.S. stocks advanced today in the biggest presidential Election Day rally in 24 years. This has been led by energy and banking shares, on higher commodity prices and speculation the Treasury will bail out more financial companies. (Bloomberg)

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