Debt in America – Part 1; Now What?September 20, 2011
So we have all this debt. We know how we accumulated it.
The real question is; HOW DO WE RESOLVE THIS?
There is a way, but it is not an overnight fix. Today, most Americans drive two automobiles. If we can get most families to switch one of those to an electric vehicle, the resolution of the debt problem will work itself out. The reliance of foreign oil will become a thing of the past. Instead of production restrictions and high oil prices you will see lower demand for gas and, thus, lower prices. These lower oil prices will work its way through the economy like a wild fire.
But the problem is; THERE ARE NO AVAILABLE ELECTRIC CARS THAT ARE VIABLE.
The automotive giants are not focusing enough energy on the electric drive train. They make small inroads and sometimes come up with an auto to sell to the public. Hybrids, gas electric autos, are not electric. There are economic decisions that make the auto maker NOT want to switch to all electric.
It will cost them money to retool and they will lose a tremendous source of revenue, REPAIRS and SERVICE.