President Obama is acting quickly to toughen tailpipe emissions and CAFE mileage standards on the auto industry:
Once the agencies act, automobile manufacturers will quickly have to retool to begin producing and selling cars and trucks that are cleaner and get better gas mileage on an accelerated schedule. The auto companies have lobbied hard against the regulations and have challenged them in court.
Detroit automakers are on the hook for tens of billions of bailout bucks — what are they going to do, complain?
I’ve said it before and I’ll say it again, in the modern welfare state, once you take the Danegeld, you’ll never be rid of the Dane.
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