Gangster government gone green
Larry Kudlow wonders, can hybrids drive profits to Detroit?"Gangster government gone green" stated CNBC host Larry Kudlow, a proud conservative capitalist and a Cadillac Escalade hybrid driver, about yesterday's CAFE rule rewrite.
Kudlow claimed that all of the bailout money spent on GM and Chrysler thus far will be eaten by taxpayers. Moreover despite UAW concessions, Kudlow wonders can small cars, clean diesels and hybrid vehicles return US automakers to North American profitability?
I guess I doubt it. Americans have become so accustomed to buying not just more cars, but more car, than is actually needed thanks to cheap gas prices. More expensive, smaller and clean vehicles will just result in Americans buying less vehicles, won't they? That will probably mean even more downsizing in the long run and more glut in the short term.
Nonetheless, now that tax payers are part owners of Chrysler, GM, etc. shouldn't we know where our money is going? Is hiding green taxes the same way we hide military taxes really the best answer?
Inevitably, it doesn't matter, but I still think that a gas tax was the most transparent, honest way to have approached this problem. Unfortunately, a "gangster government" does run America. But, that's because we, the people, can't handle the truth. Fortunately, however, at least this new government gang is a green gang.
Labels: CAFE, fuel economy, Hybrid Vehicles





































































































