Obama Contributes To Financial Crisis With New Cafe Standards
With the economy reeling and car makers either going bankrupt or barely able to keep their heads above watter, President Obama will announce new Cafe Standards that will require auto companies to have the average gas mileage of their entire fleet of cars to be at 35.5 miles per gallon or above by 2016.
This draconian measure by the current out of control administration in the White House should crush any possibility of an economic recovery as the nation struggles to bring itself out of the current recession. Expecting to cost consumers an extra $1,300 per high mileage car that people ultimately don’t want this move could spell the final death knell to US car makers. Not only will these midget cars cost more they will be less safe because of less safety devices and materials such as steel beams that keep drivers safe in the event of a collision.
Amazingly the new administration just seems to think they can push any kind of outrageous law on any US based company, that then gets passed on to consumers, and we’ll all just sit here and take it. While the president’s intentions may be good and he may ultimately want to save on gas, the final outcome will probably be the destruction of our economy.
New taxes, higher priced cars because of government intervention, higher gas prices because of government intervention and a never ending slate of more regulation that end up costing more and taking more money out of the consumers pocket will be the end of the US. One day our politicians will see that the public is not a never ending source of revenue or place to pass costs onto. There is a limit to what we can afford, unfortunately our elected officials don’t have a clue as to where that is. Let me give you a clue, we already passed it several miles back.
Maybe it’s time to buy gold coins or bullion and bury it in your back yard while awaiting the collapse of our economy.
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Higher CAFE Standards Means Less Taxes For Uncle Sam | Gold Coin & Economic News on
Thu, 21st May 2009 9:34 am
[...] yesterday’s post I commented about how President Obama’s new CAFE standards will contribute to the economic crisis, but it gets even worse because it appears on the surface that [...]
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