Obama Wants $4 Billion to Subsidize Silicon Valley Driverless Cars

‘In the Obama Administration’s latest welfare for Silicon Valley billionaires, the President intends to ask Congress for $4 billion in federal subsidies and nationalization of transportation safety regulations in an effort to speed the deployment of driverless cars.

US Transportation Secretary Anthony Foxx, surrounded by about a dozen auto and Silicon Valley tech leaders, announced at the North American International Auto Show in Detroit that the U.S. Department of Transportation Agency intends to remove “potential roadblocks to the integration of innovative, transformational automotive technology that can significantly improve safety, mobility, and sustainability.” These code words mean driverless regulatory design is being turned over to Silicon Valley.’

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