At the end of his Rose Garden explanation yesterday of the new U.S. fuel-efficiency standards, President Obama remarked on the good that can be accomplished when we are “working together.” The President may be getting ahead of himself. Watching the unlikely coalition arrayed behind him as Mr. Obama committed the U.S. to an astonishing passenger-car mileage average of 39 miles per gallon by 2016, it looks truer to say we are merely standing together in this adventure, for better or worse.
Mr. Obama’s fleet-mileage partners yesterday included the two auto companies that have fallen into his arms, Chrysler and GM, still-independent Ford, the major foreign manufacturers, United Auto Workers chief Ron Gettelfinger, and beaming representatives from the Sierra Club, Environmental Defense Fund and the Union of Concerned Scientists.
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We wish these folks luck “working together” with the Obama auto-design team. One thing seems certain by 2016: Taxpayers will be paying Detroit to make the cars Americans don’t want, and then they will pay again either through (trust us) a gas tax or with a purchase subsidy. Even the French must think we’re nuts.
Read the full story at the Wall Street Journal.
____________________Written by Jean Valjean
[...] Bankrupt companies making 39 mpg autos. Are we nuts? [...]
Pingback by Daily News About Business : A few links about Business - Friday, 22 May 2009 20:50 — May 22, 2009 @ 11:50 pm
When France thinks we’re nuts, it’s time to burn ourselves.
Comment by Bob the Commenter — May 24, 2009 @ 12:14 am