Is it true? Auto industry is being subsidized?

Are taxes being used to subsidize the auto industry to produce more efficient gas burning cars? 

The rich are getting bailed out again? 

I want my taxes being used to support a start up company that isn't part of the corrupt establishment.  A company that will develop an alternate energy source for transportation.   Either electric or renwable fuel.  Is it to much to ask for the government to think beyond 1 year?

Oh ... Yes... That is why we went into Iraq.  Now we need a market for that oil.  Afghanistan is the forward base just in case Russia or China gets any ideas.  But lets blame it on some foreigner, as a monster, to get us into war.  Now I'm just joking.

But why bother subsidizing an intermediate step? Why not go the distance and subsidize alternative fuels?  I saw the caption flash across the news screen that the auto industry is being subsidized.

 

 

 

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This from Newsweek on

This from Newsweek on 9/18/08:

http://www.newsweek.com/id/159536

Antoher example of the Republican's view of the "free market."

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