Depending on your politics, the $800 billion stimulus was a rousing success or a crushing failure. Neither is accurate.
Like most things in the political world, the truth is somewhere in the middle. For a balanced look at what the Recovery Act has done for the economy, check out ProPublica’s “Eye on the Stimulus” series.
The latest report: “How the Stimulus Revived the Electric Car”
“Automakers have unveiled a number of mass-market electric cars, which have seen small but rising sales,” writes author Michael Grabell. “Battery and parts manufacturers are building 30 factories, creating thousands of new jobs…If it wasn’t for the stimulus, the companies say, they would have built these plants overseas.”
ProPublica is an independent, non-profit newsroom that won Pulitizer Prizes for its reporting in 2010 and 2011.
Are you considering buying an electric car? If so, you may want to drop by the Ted Russell Nissan dealership in West Knoxville on Saturday for a free workshop to learn the latest about electric vehicles.
The workshop starts at 9 a.m. and is hosted by the Knoxville Electric Vehicle Association. The dealership is at 8565 Kingston Pike
FedEx CEO Fred Smith has an interesting opinion piece in Fortune today calling on
Congress to quit stalling and pass a bill promoting electric vehicles.
“I am not someone who tends to advocate increased government involvement in the private sector. But there is no free market for oil. This is not a market issue — it is a national security issue,” Smith writes.
With oil pushing $100 a barrel and gasoline prices up substantially from a year ago, now would be a good time for Congress to take this issue seriously.
There’s always hope, but I won’t hold my breath. Congress isn’t exactly known for being reasonable.
Read Smith’s commentary: FedEx CEO: Let’s end our need for oil
Photo: FedEx all-electric delivery truck. (FedEx)