5.20.2009

That Just About Says It All

In an opinion piece in today's Wall St. Journal, the headline and sub-head succinctly mirror my thoughts on the topic of Obama's new CAFE standards for the auto industry, as I heard about it for the first time on NPR last night.
Car Crazy
Bankrupt companies making 39 mpg autos. Are we nuts?
The rest of the piece veers around a bit, making some good points and missing some essentials about why this is both economically and morally rotten, but the last paragraph is on target about the absurdity of the situation:
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.
Leave it to the Collectivist-in-Charge to out-French the French.

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