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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (398457)7/13/2008 11:30:28 PM
From: i-node  Read Replies (3) of 1575914
 
So the market does work

This is what the Left (and much of the Right) is missing.

The market works, and works reasonably well.

We've had comparably low fuel prices all these years and that, NOT the action or inaction of our government (or any administration) is responsible for the current crisis.

The idea that government is needed to "stimulate" development of this technology or that is silly. I have no objection to McCain's $300 Million offer, as it may entice some excellent minds to focus on the problem that otherwise wouldn't.

k++;
But overall, the real progress will come as a result of the markets being adequately motivated by $4 or $5 or $8 gasoline. If people quit buying 30 mpg cars, it is evident that Detroit will quit building them (as is happening at this moment in time).

There are good things happening on the consumption front. My cousin has a new Yukon with a 5L engine that cuts back to four cylinders while cruising. He's getting over 20 mpg out of what would be considered a large SUV. My new car is 300 hp, but I am easily averaging 23.5 mpg hwy/city and I probably drive 80 most of the time on the highway. If I really tried I'm sure I could get it to 24.5 mpg. It isn't all bad news.
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