Thomas Friedman on the Bailout

Op-Ed Columnist - The Real Generation X - NYTimes.com:

"I think we should be talking about “bail,” not “bailouts,” regarding the people running the Big Three car companies and the lawmakers who mindlessly protected them for so long. Still, I do not want to see jobs destroyed. But if taxpayers are going to give Detroit money, we must not entrust the spending to people who have run their businesses into the ground.

You want my tax dollars? Then I want to see the precise production plans and timetables for the hybridization of all your cars and trucks within 36 months. I want every bailed-out car company to move to hybrid electric drive trains, because nothing would both improve mileage and emissions more — and also stimulate a whole new 21st-century, job-creating industry: batteries.

Big batteries that can store electricity for transportation and wind and solar generation are the indispensable enablers of the Energy Internet of the future. Any Detroit bailout has to serve that goal."