It's official: General Motors and Ford Motor Company have decided that the marketplace will not be sufficient to move their product mixes toward more efficient vehicles and are supporting government action to force them to make more efficient vehicles.
All right, that's not exactly the case. It's like giving the Don his payment or receiving a pair of concrete shoes. Do I hear a third choice?We've already seen the marketplace shift dramatically toward more fuel efficient vehicles, but this seems to be a case where legislators can claim to be heroes for saving our environment while automakers can point fingers at Congress when consumers see the prices for all of the new technology... and ask what happened to the performance they wanted. I guess it's a win-win.
I can just hear the conversations at Ford and GM.... We can do that, we can do that, we can do that... how the hell are we going to do that?
The folks at Cafe Hayek should be shouting about this one. Oh, they already have, but apparently no one in Washington is listening. Apparently those leading the charge in Congress don't believe in the marketplace and consumers making rational choices for themselves...