By GLEN JOHNSON Associated Press Writer PHOENIX (AP) - John McCain hopes to solve the country's energy crisis with cold hard cash.
The presumed Republican nominee is proposing a $300 million government prize to whoever can develop an automobile battery that far surpasses existing technology. The bounty would equate to $1 for every man, woman and child in the country, "a small price to pay for helping to break the back of our oil dependency," McCain said in remarks prepared for delivery Monday at Fresno State University in California.
McCain said such a device should deliver power at 30 percent of current costs and have "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.
Do you think that the free enterprise system would provide a better reward than the government can? Would you consider this a ‘good’ thing or a ‘bad’ thing?
