Heads we lose:
He (Obama) promised $4 billion in guaranteed loans for U.S. auto companies, which sounded impressive until CAR’s Cole reminded a Detroit News reporter that General Motors just lost $15 billion in the second quarter alone. Chicago math?
Tails we lose:
McCain “believes that adding 45 nuclear reactors in the United States will help reduce dependence on foreign oil.” But nuclear energy is used for powering homes, not cars. Fuel oil, even if it were replaced by more nukes, makes up just 1.6 percent of U.S. electricity generation. Is there an economist in the house?
Damn near depressing when you stop and think about it.
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