Monday, December 1, 2014

: re: Hydrogen Cars, Coming Down the Pike

---------- Forwarded message ----------
From: barry levine
Date: Mon, Dec 1, 2014 at 12:28 PM
Subject: re: Hydrogen Cars, Coming Down the Pike
To: ""

To the Editor:
     California's four great fortunes (Crocker, Hopkins, Huntington, Stanford) were founded on the transcontinental railroad. But it is too rarely remembered that none of the four ever earned a dime providing rail service. Their fortunes were made in no market, but in the lobby of Congress. Their agent Theodore Judah pushed federal subsidies to build the rail line through Congress, where he served simultaneously as secretary to the relevant committees in both the House and the Senate.  It was a boondoggle of historic proportion, redeemed only partially by later entrepreneurs who put the rail to such good use.
    So now Honda, Hyundai and Toyota propose to claim federal subsidies for hydrogen cars. Are they likewise unconvinced that the Market wants these things?
Barry Haskell Levine

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