Call me dense but isn't the automobile industry about to fold? Then why would the president demand they spend millions, perhaps billions, of dollars which they don't have to improve gas mileage and reduce emission? Apparently, the bailout money has bought an exhuberant buy-in from GM and Chrysler for Obama's plans.
The president's announcement today comes after the Commerce Department informs us housing starts for April dropped to records lows, which is the lowest pace on record for the past 50 years!
Guess who will pay the price for the president's demands? It will be you and your family. The administration says the higher price tag for these new cars will be offset by fuel savings.
Have you seen some of these smaller mini cars? These tiny cars will likely increase your risk of serious injury and death in a crash.
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Amen... they act like the clean air standards which have already been set and re-set since the 19070's (and have been met) don't exist... like we have never done anything to increase mileage or reduce emissions.... which is simply baloney.
I saw the "death" of the muscle car in the early 70's which was supposed to save the planet and end dependence on oil back then...
40 years later.... the retro challenger, camaro, mustang are among the most popular sellers (along with v8 SUV's) and along comes save the planet and end dependence on oil...
It's like ground hog day all over again.
-red
Posted by: red stater | May 19, 2009 at 11:03 AM