Best of U.S. Stimulus Program

Earlier this year the Bush Administration with the approval of Congress initiated a $150 billion Stimulus Program in an effort to increase consumer spending and hopefully bring our economy back into a growth mode. In fact consumer spending did increase by 5% in May 2008 but most of that can be attributed to escalating fuel and food prices. Those Stimulus dollars that are not going to fuel and food will most likely go towards flat screen TV’s or other foreign made merchandise, resulting in more of our American dollars leaving our shores.

The Best of U.S. Movement supports another Stimulus Program of $150 billion offering consumers a free U.S. made automobile that gets 36 MPG or better when they turn in their gas guzzler for destruction. This program would take 7.5 million gas guzzlers off the road reducing fuel consumption by up to 833 gallons per year per auto or 6.25 billion gallons total. This would eliminate our need for 320,512,800 barrels of oil resulting in $45 billion not leaving our country each year. The auto replacement program represents 6% of the U.S.’s passenger cars and would reduce our nations overall fuel consumption by 4%, each year the program is in place. The Best of U.S. Stimulus Program, over 5 years, would reduce our oil consumption by 20%; we currently produce 25% of our needs. With the added drilling in Anwar and the Gulf we could be producing 70% of our need within 5 years leaving less 30% needed from other sources which we could purchase from Canada and Mexico. These figures do not account for the millions of Americans who would switch to more fuel efficient vehicles outside of the Best of U.S. Stimulus Program as a result of purposely pushing the price of gas up above $7.50 per gallon. Financing of any remaining balance owed on the gas guzzler can be arranged as long as the outstanding balance is less then the value of the new car.

The program would be paid for by a $1.00 increase in the federal gas tax generating $180 billion in revenue. Another $7.5 billion would be generated from the sale of advertising space on each car for the oil company that joins in partnership with the American public to end our dependence of foreign oil. The participants in the program and all other U.S. citizens who purchase an automobile that gets 36 MPG or better will be rebated $15,000 each rear to offset the increase in federal gas tax. It is also possible that a system could be developed with the oil company partner that when a program participant filled up at one of their stations with a special credit card that the $1.00 federal tax world not be charged. This would replace the rebate.

U.S. auto makers sold 17 million cars in 2007 and are expected to sell 14 million cars in 2008 resulting in the probability of bankruptcy for one or more of the three. Under our program each manufacture would be challenged to produce a four passenger auto and a six passenger mini van that achieved 36 MPG or better. The winner of the challenge would be guaranteed the sale of 7.5 million vehicles each year of the program. Without such a program it is very possible that there will not be a U.S. auto manufacture in the near future.