This one has me scratching my head. The US auto industry is on the ropes with all three having been bailed out by the taxpayers to keep them running and yet our government is passing new laws that our auto industry must meet yet foreign car companies get a pass. This does not make sense to me. Read this article in the WSJ for more information. Stephen Power highlights that those companies who make under 400,000 vehicles a year do not have to meet these new fuel efficiency standards. Do we really have to give any more special breaks to industries operating here?
John Graham who worked under George W. Bush crafting fuel economy regulations is quoted in this article as saying, "Once companies become dependent on these provisions, they have an incentive to hire lobbyists and exert political pressure to extend those same provisions." I don't like special deals. If we are going to put new fuel standards in the industry I think everyone should have to meet those standards not just the big auto companies.
Good grieve, at least give our companies a fair playing field in our own country. They sure aren't getting any special deals over in Asia or in Europe! What do you think?