With the big three automakers in all kinds of financial troubles, not to mention a down economy where people are buying fewer new vehicles, Obama decides to make it even harder for them.
Today he issued two memorandums. One is for the Transportation Department to work with the automakers on improving fuel economy, up to 35mpg by 2011. And he says this will help the auto industry produce viable products. How the hell does he know that? Has he ever owned a business let alone built autos? They have a viable product now, the problem is cost and this surely isn’t going to help reduce costs.
By mandating this memorandum alone he is going to either increase the R&D costs of vehicles drastically, or force auto makers to stop producing vehicles that Americans actually want.
He just signed their death certificates.
But, it gets better. The second memorandum requests that California gets the waiver they are seeking to increase emissions standards by a further 30 percent. Consumers are really going to love it when their special California vehicles are much higher than the national average.
He actually says:
This is an energy triple play that will cut global warming pollution, increase innovation, and reduce our dependence on foreign oil. It show what a visionary president is capable of doing, and the faith he has in the economic revival that America’s automotive and energy industries can produce
This is visionary? Killing off the automakers could be considered visionary I suppose. Some might call it a nightmare more than anything else. He sure thinks a lot of himself doesn’t he?
