There’s been a lot of talk recently about bailing out the American auto industry, and both sides of the argument have valid claims to support their positions. On the one hand, GM, Ford and Chrysler employ thousands of people who would lose their jobs should those companies fail. On the other hand, American cars aren’t very good and cost too much, and the American auto industry is likely to go bankrupt even if it does get bailed out.
With that in mind I’d like to propose a solution that would be in everyone’s best interest: Take the money for the bailout and use it to build a network of high-speed magnetic levitation (maglev) trains. Read the rest of this entry →