What’s politically correct for General Motors won’t be good for small car-driving Americans.
GM, Ford, Chrysler, Honda, and Nissan reportedly have caved in to Obama demands that corporate average fuel economy (CAFE) standards be raised to 54.5 miles per gallon by 2025. The automakers have been told to be prepared to show for an announcement ceremony on Friday.
But as we are reminded on the front-page of today’s Investor’s Business Daily in “D.C.’s Deadly Fixation On Auto Fuel Economy Mandates“, this deal will accomplish little but the killing and maiming of more small car drivers, who tend to be in the lower income brackets.
The Competitive Enterprise Institute’s Sam Kazman told IBD,
If CAFE were a private product, it would be recalled immediately.
We’re thinking of selling a line of gear for future Obama-car drivers. What do you think?
It’s a helluva price to pay for pointless fuel savings.