Here’s an excellent piece from the Wall Street Journal that describes just what’s wrong with Obama taking on the role of car czar:
So far, the Obama administration has yet to lay out its magical thinking on how the homegrown auto makers are to become “viable” when required to subordinate every auto attribute that consumers find desirable in favor of achieving a passenger-car average of 39 miles per gallon by 2016. Nonetheless the answer has quietly seeped out: Taxpayers will write $5,000 or $7,000 rebate checks to other taxpayers to bribe them to buy hybrids and plug-ins at a price that lets Detroit claim it’s earning a “profit” on its Obamamobiles.
Mr. Obama was supposed to be smart. His administration was supposed to be a smart administration. But the policy coming out has not been smart. It has been a brute shifting of power to the president’s political allies, justified by the shibboleths of copybook liberalism.
Here’s another that says much the same thing:
We wish these folks luck “working together” with the Obama auto-design team. 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.
Is this the hoped-for change that Obama voters so desired? I continue to be surprised that more Americans are not shocked and angered by all of this. The fact that they are not seems to me to be evidence that the majority of Americans (a) no longer understand the most basic economic facts; and/or (b) believe the environment is so threatened that Draconian measures are absolutely necessary; and/or (c) have come to regard big business (including car companies) as the enemy, and the Obama-run federal government as friend.
I don’t happen to agree.