Sachs joins Green New Dealers

Jeffrey Sachs’ call for a government bail-out of General Motors, the most troubled of America’s car-makers, in yesterday’s Washington Post is in line with the drive for a “green new deal” (see 7 November 2008 post). He concludes his article by arguing:

“We face an unprecedented financial calamity, energy crisis and environmental threat. A vibrant, growing U.S. automobile industry should play an essential role in solving all three. The technologies that will win the day are in sight; industry has already made important advances. A partnership with government is vital and should begin this week.”