Evan Grey Owl

Treasury Continues to Harpoon the Real Economy

Mr. Hughes - Thank you for a well-written, thoughtful article.

The U.S. auto manufacturers need pressure on them to re-tool for electric cars and hybrid cars. Left to their own devices, pressure from oil companies would maintain the status quo forever - guaranteeing more war and expensive wars, more death, more waste, more environmental poisoning. Only a great force would lead them to change direction. Is that the silver lining in this horrible market crash. Why doesn't NASA put a hold on the next space adventure and devote itself to a suitable electric car battery. Don't tell me they can't do it. Other countries are ahead of us in this regard, and GE , an American company, is funding them. What are Americans going to get from that? We deserve to know. The employees of auto companies need to be helped during a major transition, but a major transition there must be. And oil companies will need to have a plan in place for their employees to retrain and retool in coming years as the electric car is adopted. Also, we need to ask for government support to small investors who were crushed by the market manipulations engineered by the big investment banks and the Treasury. Such as SIPC reimbursements for up to $100,000 of losses for each small investor who has recently fallen victim of what you call " the largest coalition of organized crime in human history."