Congress is likely to pass this week a bill to extend the “Cash for Clunkers” program–doubling the initial payout of $1 billion. There have been a number of good items here, here, and here which detail how this program, though designed to get less fuel-efficient cars off the road, will not produce the desired results of less energy [...]
More.....It is sad to say but yesterday’s bankruptcy filing by General Motors was a good thing. It should have been done thirty years ago when the Big Three faced their first challenges of competition from foreign auto makers. The reason why I think it is a good thing is because it finally allows GM to [...]
More.....During the campagin then Senator Obama said he would not raise taxes on the middle class, saying that 95% of taxpayers would pay no new taxes. Four months into his administration and he has broken his promise. He did so by requiring car makers to raise the fuel-efficiency standards of all cars and trucks (about [...]
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