Now that the auto industry is still stumbling around like a bunch of drunk teenagers, the President can and is going to impose stricter emission rules for cars in the US. So bailouts were a good idea were they? I mean in principle I agree we should have vehicles that get more miles per gallon but that shouldn't come from the government. Consumer demand for such vehicles should drive that but the automakers here in the US can't fight it because they have accepted bailout money and pretty much are at the governments mercy if they want to stay in business. This President is all about big government.
President Obama plans to propose the first-ever national emission limits for cars and trucks as well as average mileage requirements of 35.5 miles per gallon by 2016 -- all costing consumers an extra $1,300 per vehicle.
WASHINGTON -- With two of Detroit's Big Three automakers no longer able to resist, the Obama White House will announce sped-up fuel economy standards that will require all auto-makers, including Detroit's foreign competitors, to increase fleet fuel efficiency by 5 percent per year starting in 2012. READ THE FULL STORY HERE
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4 comments:
I'd gladly pay 1300 dollars more for a car that I knew got more gas mileage. You'll save more than 1300 dollars just driving it.
The benefits of this outweigh the bitching from the right.
I agree with your point about the 1300 dollars. My complaint is that the government should not be setting the rules for this. Consumer demand should drive this but the overall weakness and acceptance of bailout money has left the auto industry without and arms to fight this.
That's the problem U.S. Auto makers suck at listening to consumer demands. Why do you think foreign outperforms their ass?
U.S. Auto makers can't break their alliance with big oil.
Ok so let them go out of business then. What is wrong with failure. Those that don't listen must feel. I know jobs will be lost but foriegn automakers will surely fill some of that void with more dealerships and more repair centers. It is simple business, you make what consumers want if they stop wanting it you adapt or go out of business, its not that hard.
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