Thursday, June 11, 2009

Time to get the Obamocrats out of the Auto Industry

Feinstein's Monster: Handouts for Hummers
Trucks with above-average fuel economy for their class would also qualify. They include the Chevy Silverado, the two-wheel-drive Ford F-150, and the Toyota Tacoma (built in California). Drivers could also choose from an array of Toyotas and Hondas built by American workers in U.S. factories -- such as the Toyota Camry (built in Kentucky) and the Honda Accord (built in Ohio).
Feinstein's original bill would have provided (no doubt at tax payer expense) a voucher worth up to $4500 toward the purchase of a more fuel efficient automobile when American's turned in their gas-guzzlers. Yes, of course that is a great deal - turn in your paid for car for a puny $4500 toward an expensive more fuel efficient car. This is the fundamental problem with Obamocrats and Obamonomics, a total lack of actual economic understanding. Note the emphasis on "worth up to." If you trade in your 87 Chevy pick up that gets 12 mpg you certainly are not going to get a $4500 voucher, so it's hardly worth trading in something you own outright for car payments. What Obamocrats always fail to understand is that fuel efficient cars are made to cater to those who can afford cars in the first place. The rest of the population buy what they can and drive it until it falls apart and often what they can buy is a used car off the lot with not so great fuel efficiency. Obviously in these tight economic times having a fuel efficient automobile could be considered a smart way to go, until you figure in that the monthly payment over 5 or 6 years costs much more than the delta cost in fuel. So, the economically smart thing in tight times is to not go further into debt. Drive what you have and drive less. It is time to stop encouraging these ignorant Obamocrats and start thinking of the American tax payer. It is the Obamocrats that have killed the US auto industry - well at least for GM and Chrysler.

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