Replies

OK....buried in this note:

**************************EXCERPT*************************

Has Obama officially ushered in a new era of government-controlled business?

By Larry Kudlow

Team Obama fired GM CEO Rick Wagoner Sunday afternoon, just a short time after Treasury man Tim Geithner told the television talk shows that some banks will need large amounts of new TARP-money government assistance — even though the bankers don’t want it. Does this smack of big-time government planning and industrial policy? Another lurch to the left for economic policy?

***************************snip*********************************

Incidentally, in President Obama’s speech on Monday about the Wagoner firing, as well as in Treasury term sheets for GM and Chrysler, there are multiple references to “the next generation of clean cars,” to new CAFE-standard mileage increases, and to green power-train developments. All this is a big green climate-change priority for the new administration.

But the simple fact is, small, tinny, and expensive green cars just don’t work for consumers. And even if those cars are designed better, the cost structure of the carmakers will have to be brought down so far that UAW wages will be forced below those of the non-union shops in Detroit south (including Honda, Toyota, and other foreign carmakers who are now producing in the United States).

So add the green revolution to the industrial-policy plans of the White House. Expect a big increase in CAFE fuel standards, even though small cars are simply not profitable. And plan on bailout nation taking a new left-turn toward the kind of central planning that has held down economic growth in Europe and Japan for so very long.

You better believe these morons are socialists (at best) with global intent.

Thanks Ernest.




· join · view topics · view or post blog · bookmark · post new topic ·

"Has Obama officially ushered in a new era of government-controlled business?"

...and business-controlled government. It was happening long before Obama got into office, but he's allowing it to get worse much more quickly.

I only hope more and more responsible scientist will be able to find their way to the public forum and educated people as to the futility in changing global climate conditions by human intervention.
As more in congress get pressured to become informed we may yet be able to hold off the wackos.