Mind, that’s $55,000 for your typical grocery-getter/commuter/occasional family vacationer, not anything fancy. And that’s “massive” as in hundreds of thousands of jobs. Obama’s proposed 2025 62 mpg standard will accomplish both of these things, while delivering only minor day-to-day savings to consumers, a recent study found.
Now I can imagine some of you out there already chortling. “‘A recent study,’ indeed. Ho, ho! Let’s go see what band of right-wing partisan hacks put that nonsense together!” Actually, it’s the Ann Arbor-based Center for Automotive Research. That’s the same group Obama loves to quote when they’re giving him credit for saving the American auto industry. Something tells me he won’t be quite so excited about some of the sound bites likely to fall out of this study.
“These mandates are so tough, why would (the White House) be interested in destroying an industry they just saved?” – Sean McAlinden, chief economist, Center for Automotive Research
How about “near-total ignorance of real-world economics,” Mr. McAlinden?
The full study is here, if you’d like to read it.
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