Thursday, July 2, 2009

How to Fix the Auto Industry, Part II

As I find these, I am going to continue to link to them. I'm sure President Obama doesn't have me in his RSS, but he needs to get the message that his plans for the auto industry are doomed to fail. Some highlights:

"Politicians are addicted to CAFE standards because they create an illusion of doing something sometime in the future without voters experiencing the slightest inconvenience in the present."

"If consumers keep refusing to buy enough small cars from GM and Chrysler to allow them to meet the CAFE rules, how are those companies expected to pay the fines?"

Well-written summary of the many pitfalls of CAFE standards. Definitely worth reading even if you know them already.

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