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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (173979)	8/23/2001 10:34:56 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769667

Well wait to you read this. Lee Iacocca's Street-Legal Golf Cart. The electric bicycle he introduced three years ago bombed (even Americans aren't that lazy), but Lee Iacocca's new Lido jumbo electric golf cart is poised to rake in the dollars, thanks to California's meddling envirocrats. La-la Land regulators have decreed that, starting in 2003, at least 2 percent of automakers' sales must be "zero-pollution emitters," Forbes magazine reports in its Sept. 3 issue. "Through the end of 2002 every oversexed golf cart sold and licensed in California will garner four electric-car credits. Companies like Lido can then sell the credits to such automakers as General Motors to help them comply with the zero-emissions law. GM says that it would be interested in buying credits. Detroit sources estimate each credit's value at $5,000," Forbes says. Most of the former Chrysler boss's profits will be due to bureaucrats, not the market. "Every Lido sold and licensed in California over the next year and a half could reap $30,000: $20,000 from the sale of the electric credits and $10,000 from the expected average retail price. Not bad for a vehicle that costs in the neighborhood of $5,000 to make. If Iacocca sells half his 5,000 planned production run in California next year, the electric credit will be worth $50 million." A catch: Environmental types who tout "nonpolluting" electric cars always fail to mention that the electricity has indeed come from somewhere - one of those awful power plants they never want to build. Another catch: The Lido goes only 25 mph but is legal on streets with 35-mph speed limits, according to Forbes. Imagine the pollution forming as drivers in normal cars get stuck behind these toys. newsmax.com tom watson tosiwmee