Let's sum up what is now readily apparent about this situation:
1.Obama and his cronies are running two American car companies now.
2. By default, he's proposed draconian design parameters with his "pick a number out of the air" fuel mileage mandate.
3. His energy and tax policies are going to raise the cost of transportation by an unbearable amount while NOT solving any "( non-existent) climate change" or "energy shortage" problem.
4. There is every likelihood that, given his proclivity for thugishness and strong-armed tactics, he will force you out of your older, non-Obama conforming vehicle, and.....
5. His economic "stimulus" plan isn't, and in fact will extend and probably deepen the economic distress in more ways than meets the eye, one of which is the eventual complete failure of GM and Chrysler.
And those are just the cluster f**ks I anticipate off the top of my head.
Excerpts from the WSJ article:
"Mr. Obama's fleet-mileage partners yesterday included the two auto companies that have fallen into his arms, Chrysler and GM, still-independent Ford, the major foreign manufacturers, United Auto Workers chief Ron Gettelfinger, and beaming representatives from the Sierra Club, Environmental Defense Fund and the Union of Concerned Scientists.
All that's left to arrive at the President's new destination for the American way of driving are huge, unanswered questions about technology, financing and the marketability of cars that will be small and expensive."
....and:"These public goals notwithstanding, it still looks as if Ford, Chrysler and GM will be making cars they can't sell, or can't sell profitably. That might not be a problem if you're now Gettelfinger Motors. But still-independent Ford has private shareholders and creditors to answer. While GM and Chrysler attempt to meet the new standards with taxpayer money, Ford will have to do so on its own........One thing seems certain by 2016: Taxpayers will be paying Detroit to make the cars Americans don't want, and then they will pay again either through (trust us) a gas tax or with a purchase subsidy. Even the French must think we're nuts."