Obama's $2.4 billion electric car bet

At a time when the public is growing increasingly tired of government handouts, bailouts and rescues, the Obama Administration goes and hands out $2.4 billion for electric car and hybrid technology projects. This could be money poorly spent, since other like-minded programs such as President Clinton’s Partnership for a New Generation of Vehicles and another Bush-era program for fuel cells yielded little in the way of fuel saving vehicles driven by an actual car buyer.

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