Obama Sidesteps Congress To Impose Cap And Trade
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The Heritage Foundation points out that the Obama administration once again sidesteps Congress through the Environmental Protection Agency which has set mileage standards so high that only a few vehicles will meet the standards... requiring manufacturers to purchase "credits" from other manufacturers if they cannot meet the standards. The unanswered question, of course, is how will the other manufacturers meet the mileage standards?
Well, the answer to that is through the magic of EPA mileage calculations. If you have a plug-in electric car with a range of 25 miles, the EPA does a little numerical dance and says that car gets 100 MPGe... that's miles per gallon equivalent. You won't actually get anywhere near 100 miles per gallon, but the Obama administration gets its way into forcing manufacturers to make cars people don't want or can't afford for little or no benefit.
As stated in the article:
It makes all of the 51%-ers feel good that they are helping save the planet and fundamentally changing the United States. But I'm guessing that this picture will not change much.The new CAFE standard requires American families to bear all the costs the regulation imposes, while allowing special interests receive all the benefits. As Loris and Morgan note in their paper, “Under this new mandate, the Energy Information Administration warns that new cars priced under $15,000 may no longer be available.” While the federal government acknowledges the regulations will drive up the sticker price of vehicles, “consumers will likely realize only a fraction of the fuel savings that the government claims.”This is not the only way the new fuel efficiency will affect car buyers. It also limits consumer choice. Consumers have other preferences as well, including weight and engine power, for safety, enjoyment, and practical reasons. Ignoring those preferences and forcing companies to make vehicles that are lighter and thus more fuel efficient has the unintended consequence of making them less safe.
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SATURDAY, APRIL 03, 2010
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