How devious.
Does anyone honestly think that the government is going to stand by and take a loss in the tax revenue they get from fuel and petroleum based products?
Now, me, I'm not that gullible. They'll raise taxes somewhere else and in a higher amount and consumers will find that 'their' estimated $1.7 trillion 'savings' isn't a 'savings' at all.
"Well Americans would have saved that much money if we hadn't had to raise taxes to make up for unexpected shortfalls." /future politician
And eventually that 12 billion barrels of oil will get tapped so it's not "saved" at all in the end.
Moooooooo
This is like legislating that Pi = 3
It it long past time for CAFE to die.
Next waivers for companies that give him money.
DO YOU APPRECIATE THE LAW OF PHYSICS?
A very big thanks to Michigan member M.P. who sent in this bit of humor, which was forwarded from a senior-level person at Chrysler. The date on this note was Sunday, July 19, 2009:
Monday morning, I attended a breakfast meeting where the speaker/guest was D.C., Chairman of the Center for Automotive Research (CAR and Professor at U. of M.). you all have likely heard CAR quoted, or referred to in the auto industry news lately.
Mr. C., who is an engineer by training, told many stories of the difficulty working with the folks that the Obama administration has sent to save the auto industry. There have been many meetings where a 30+ year experienced automotive expert has to listen to a newcomer to the industry, someone with ZERO manufacturing experience, ZERO auto industry experience, ZERO finance experience and ZERO engineering experience, tell them how to run their business.
MR. C.'s favorite story is as follows:
There was a team of Obama people speaking to Mr. C. (engineer, automotive experience of 40+ years, and Chairman of CAR). They were explaining to Mr. C. that the auto companies needed to make a car that was electric and liquid natural gas (LNG) with enough combined fuel to go 500 miles so we wouldn't "need" so many gas stations (a whole other topic). They were quoting BTUs of LNG and battery life that they had looked up on some website.
Mr. C. explained that to do this you would need a TRUNK FULL of batteries and a LNG tank as big as the car to make that happen, and that there were problems related to the laws of physics that prevented them from...
The Obama person interrupted and said (and I am quoting here):
"These laws of physics? Whose rules are those? We need to change that."
(Some of the others wrote down the law so they could look it up later.)
"We have the congress and administration. We can repeal that law, amend it, or use an executive order to get rid of that problem. That's why we are here, to fix these sort of issues."
.......And these are the people who are going to fix healthcare.
Whatever 0bama wishes, it can and will be done!