Ed Driscoll

2008 Auto Sales Plunge

“Auto sales likely dropped a breathtaking 3 million vehicles in 2008, the largest decline since 1974, said Ford Motor’s head of sales analysis Friday”, according to Knoxville’s WBIR.com.

As Mark Steyn wrote last week, “Hey, that’s great news, isn’t it?”

What was it that then Senator Obama said on the subject? “We can’t just keep driving our SUVs, eating whatever we want, keeping our homes at 72 degrees at all times regardless of whether we live in the tundra or the desert and keep consuming 25 percent of the world’s resources with just 4 percent of the world’s population, and expect the rest of the world to say you just go ahead, we’ll be fine.”

And boy, we took the great man’s words to heart. SUV sales have nosedived, and 72 is no longer your home’s thermostat setting but its current value expressed as a percentage of what you paid for it. If I understand then Senator Obama’s logic, in a just world Americans would be 4 percent of the population and consume a fair and reasonable 4 percent of the world’s resources. And in these last few months we’ve made an excellent start toward that blessed utopia: Americans are driving smaller cars, buying smaller homes, giving smaller Christmas presents.

And yet, strangely, President-Elect Obama doesn’t seem terribly happy about the Obamafication of the American economy. He’s proposing some 5.7 bazillion dollar “stimulus” package or whatever it is now to “stimulate” it back into its bad old ways.

And how does the rest of the world, of whose tender sensibilities then Senator Obama was so mindful, feel about the collapse of American consumer excess? They’re aghast, they’re terrified, they’re on a one-way express elevator down to Sub-Basement Level 37 of the abyss with no hope of putting on the brakes unless the global economy can restore aggregate demand. What does all that mumbo-jumbo about “aggregate demand” mean? Well, that’s a fancy term for you — yes, you, Joe Lardbutt, the bloated disgusting embodiment of American excess, driving around in your Chevy Behemoth, getting two blocks to the gallon as you shear the roof off the drive-thru lane to pick up your $7.93 decaf gingersnap-mocha-pepperoni-zebra mussel frappuccino, which makes for a wonderful cool refreshing thirst-quencher after you’ve been working up a sweat watching the plasma TV in your rec room all morning with the thermostat set to 87. The message from the European political class couldn’t be more straightforward: If you crass, vulgar Americans don’t ramp up the demand, we’re kaput. Unless you get back to previous levels of planet-devastating consumption, the planet is screwed.

Staggeringly, the Huffington Post actually has an essay that begins:

You are probably wondering whether President-elect Obama owes the world an apology for his actions regarding global warming. The answer is, not yet. There is one person, however, who does. You have probably guessed his name: Al Gore.

Al’s gaseous rhetoric did much to fuel the calls from Obama and numerous others on the left for fewer cars, higher gas prices and reduced domestic energy production. Along with Democratic tampering with the mortgage laws of the 1990s which also set the current economic slowdown in motion, the environmentally correct left should receive a fair chunk of the blame for today’s economic woes.