Thursday, May 21, 2009

Car Crazy: Bankrupt companies making 39 mpg autos. Are we nuts?

This article is about the new standards that Obama wants — standards that will significantly increase the price of cars. From the Wall Street Journal:

"All that's left to arrive at the President's new destination for the American way of driving are huge, unanswered questions about technology, financing and the marketability of cars that will be small and expensive.

…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."

This is not a plan to help anyone but the Federal Government to have more power. These morons in Washington are not competent to to run any private business, if you want something done wrong let the Federal government run it, just look at the United States Postal Service or Amtrak for examples. These are the Bluesman's thoughts not the Wall Street Journal.

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