Did you know that President Obama is dedicated to wiping your industry out?
Oh, I'm not kidding.
The Obama Administration tomorrow will announce new auto efficiency regulations that will create stricter miles per gallon (mpg) standards for cars and light-duty trucks for the model years 2017–2025. The target would be an average of 54.5 mpg by 2025 standard, slightly down from the initial proposal of 56.2 mpg. White House press secretary Jay Carney said the new regulations will “result in significant cost savings for consumers at the pump, dramatically reduce oil consumption, cut pollution and create jobs.” As nice as all that sounds, this is bad news for the American consumer...
...The government acknowledges that increased fuel efficiency standards will increase the upfront cost of a vehicle... Higher prices reduce demand and force people to hold onto their older vehicles longer. Reduced demand means fewer cars produced, which means automakers have to shed jobs. The Michigan-based consulting firm Defour Group projected that a 56 mpg standard would destroy 220,000 jobs.
Think the average family will be able to absorb the hike in car prices? Think again.
The Center for Automotive Research which warned that overly stringent standards could add $10,000 to the cost of a new car...
... [and] a 2002 National Academy of Sciences study concluded that CAFE’s downsizing effect contributed to between 1,300 and 2,600 deaths in a single representative year, and to 10 times that many serious injuries.
If you're a member of the United Auto Workers, please be aware that your richly paid bosses have sold you out.
They've caved to President Obama's radical environmental, flat-earth, no-growth, eco-Marxists who have but a single goal: eradicate the automobile.
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