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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.95+0.2%Dec 5 9:30 AM EST
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To: JakeStraw who wrote (68162)6/28/2005 10:43:16 AM
From: RetiredNow  Read Replies (1) of 77400
 
No kidding. GM is getting its head handed to them, which is a good thing. My only hope is that our gov't doesn't allow a backlash against Toyota for their success. If anything, we should be congratulating Toyota on their proper reading of consumer demand. We should be helping Toyota get tax incentives for opening up hybrid plants in the U.S. and licensing hybrid technology to GM and Ford. In addition, we should bump that tax break of $2K deduction, and make it a $5K credit. That would make hybrids truly affordable to middle America, which would ramp up demand. That is the kind of bold thinking I'd like to see from our gov't. What we don't need are tax cuts for the rich. What we do need are strategic tax breaks in areas like alternative energy.

I know what some will say, though. Why don't we let the economics work things out, instead of getting the gov't involved. My answer is that most of the time companies in power do what greed dictates. And right now, the oil companies are so rich and powerful and have so much collaborative influence with our U.S. car companies, that they have built a stranglehold on our. The oil and big car cartel is leading this nation down the path of ruin. So we need gov't intervention to help the fledgling alternative vehicle industry. Helping Toyota on the one hand and helping consumers on the other is a great place to start.
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