The Wall Street Journal’s op-ed page and former Clinton Secretary of Labor Robert Reich agree.
Obama’s raising CAFÉ standards, with the idea of loaning American carmakers (who have deliberately chosen not to do so in the past) as much as $50 billion to make these fuel-efficient cars, is TEH STUPID.
Indeed, Reich called it socialist lemon-making.
Let GM and Chrysler die, die, die dammit.
Meanwhile, do what I blogged yesterday and add a buck a gallon to federal gas taxes, to push people into buying higher-mileage cars sooner.
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