Posted on 11/25/2008 8:23:00 PM PST by PressurePoint
“We’re sort of focused on them. But I think it’s been a problem for the captains of industry generally,” Obama told Walters in the interview, to air Wednesday. “When people are pulling down hundred million dollar bonuses on Wall Street, and taking enormous risks with other people’s money, that indicates a sense that you don’t have any perspective on what’s happening to ordinary Americans.”
As usual, BO spends a lot of time saying nothing.
Awesome! Obama is gonna “Pimp my Ride”
By 'taking enormous risks with other people's money', is he referring to Fannie and Freddie's actions? Is he referring to the way banks have made loans under the force of the CRA and the threat of civil suits (from ACORN, no less)? Or, is he referring to the way the government has stolen $700+ billion of the taxpayer's money to bolster those banks that caved to the legal onslaught and have since collapsed?
Actually, Detroit does manufacture and sell a few very small, fuel-efficient cars, but they cannot sell them in the US due to regulations. For example, Ford sells a Diesel Fiesta that achieves 76 MPG on a combined cycle test in the UK, but due to the latest US regulations on Diesel emissions, that car cannot be sold here.
That's not to mention, as others have said, that such vehicles may not be all that popular in the US (though I bet they would have been 6 months ago when gas was at $4.00 per gallon).
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