Crush Liberalism

Obama bound to destroy American auto industry

GM should be assuming room temperature by early next year.  So what does the new president-elect have in store to help sotp the hemorrhaging of jobs and money from Motown’s auto industry?  Oh, just reversing a Bush executive order that will now cost the auto industry tens of billions of dollars that they don’t have…no big whoop.  Notes Open Market:

Since twenty-one percent of new cars are sold in California, this means that the auto makers would need to spend billions of dollars to comply. According to the WSJ, “The auto industry is the nation’s largest manufacturing sector, accounting for almost 4% of U.S. gross domestic product. It employs about 2.5 million people directly or indirectly, and spends tens of billions of dollars a year in research and development.” Yet granting California’s waiver would certainly significantly harm if not sink this industry, since actions to increase the CAFE standard in the past have caused many of the problems Detroit is now having.

So sayeth The One: “Hey, Michigan, thanks a bunch for your electoral votes!  In return, I’ll take what’s left of your economically ravaged state and savage it on the altar of the Church of Mother Gaia.  And you know what?  You people will keep voting Democrat, won’t you?  Say goodbye to the few jobs you had left here.”  If I didn’t know any better, I’d swear that liberals are economic illiterates!

Michigan in general, and Detroitistan in particular, typify the definition of insanity: Doing the same things over and over yet expecting different results.

November 10, 2008 Posted by crushliberalism | economic ignorance, environuts, Obama | 14 Comments