Obama to Bankrupt Domestic Auto Industry

Copyright.

Copyright. Obama drove this carbon-spewing gas hog, a Chrysler 300 C Hemi until it was politically inconvenient.

Leave to a hazard from Harvard to be utterly incapable of understanding something as relatively simple as the auto industry. This morning Obama is scheduled to announce (NY Times registration required) the imposition of brand new emission requirements for automobiles sold in America. Considering that this clown drove a Chrysler 300 C Hemi (nearly 300 grams of CO2 per kilometer) before the Clinton supporters pointed out his hypocrisy (he then bought a hybrid) this just shows another "for thee but not for me" moment for the Democrats.

Here is my problem with this governmental regimen, they are taxing the companies rather than the buyer of the actual vehicles. If the Democrats have a problem with SUVs (and they do) they should tax the mileage or the pollutant output of vehicles rather than saddling an entire corporation. The Big 3 are clearly not in position to do what BMW and Mercedes does, they pay the fines. A more rational situation would be for the fines to be paid by the people who make the purchasing decisions rather than some failed auto executives. The Japanese auto companies have a dramatic advantage over domestic auto makers because the only cars that are widely marketable in Japan are small and efficient due to the lack of space and resources on that island nation. If the federal government is so insistent on "saving" these failed auto companies they should at least allow the domestics to compete on a leveled playing field.

Democrats have given themselves Pats On the Back for cleaning up automobiles through the CAFE Standards that have been imposed on autos sold in America, yet nothing could be further from the truth. The dramatic efficiency gains made by automobiles are due to the miniaturization of computers, NASA had more to do with the clean-up than Congress. The Obama people could be the final nail in the coffin for GM, Chrysler is already dead.