That’s how I see it. Presumptive Republican nominee John McCain came up with what on the surface, at least, appears to be a wonderful way to get the creative juices flowing for many Americans. The offer of huge, beyond your wildest dreams, riches.
The $300 million price tag would be “a small price to pay for helping to break the back of our oil dependency,” McCain said.
McCain also is offering automakers a $5,000 tax credit for every zero-carbon emissions car developed and sold.
On paper, this sounds great. I actually love the idea. It is a great way to inspire people and possible make progress. However, this ‘vote for me, invent a battery and I’ll give you 300 million dollars’ does come with a couple of caveats.
First of all, allocation of funds like this must come from the Congress, not a person running for the presidency, so McCain really cannot simply make a promise to give someone $300 million or give companies tax credits.
Second – doesn’t it appear that he is buying our votes? When you first read it, you think, ‘hey maybe I can invent a better battery.’ After reality sets in, you think, ‘hey if he is willing to cough up funds like this for a battery, maybe he’d be willing to give me money for something I can invent.’
This Clean Car Challenge to the automakers and the $300 million challenge to Americans comes off more like he wants to run a game show rather than the country.