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Romney says the new standards are "extreme," but Obama disagrees

This week was particularly monumental for the auto industry as the Obama administration finalized the new Corporate Average Fuel Economy (CAFE) standards. The new rules have faced some criticism, but President Barack Obama isn’t backing down.
 
The criticism comes from Obama’s presidential election opponent Mitt Romney, who believes there is a better method of increasing fuel economy than changing CAFE standards.

"Just yesterday, my opponent called my position on fuel efficiency standards extreme," said Obama. "It doesn't seem extreme to me to want to build more fuel efficient cars. Maybe the steam engine is more his speed."

Obama further added that the new CAFE standards will allow U.S. drivers to fill up their gas tanks "half as often." But when the new rules were finalized Tuesday, Romney failed to see the benefit to driving citizens. 

"Governor Romney opposes the extreme standards that President Obama has imposed, which will limit the choices available to American families," said Andrea Saul, Romney spokeswoman. "The president tells voters that his regulations will save them thousands of dollars at the pump, but always forgets to mention that the savings will be wiped out by having to pay thousands of dollars more upfront for unproven technology that they may not even want."


The new fuel efficiency standards for 2017-2025 will cost the auto industry $157.3 billion and add an average of $2,000 extra to the sticker price of new autos.

While some are clearly unhappy with the new standards, others are seeing added benefits. Honda, for example, was delighted to see that the standards provided extra credits for those selling natural gas-powered vehicles. Tesla also jumped on the CAFE bandwagon when it learned that it could sell any credits for surpassing the standards to companies that haven't.

The CAFE standards will raise the average fuel efficiency of cars and light trucks to 54.5 mpg by model year 2025. These new standards, which were created by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Transportation’s (DOTs) National Highway Traffic Safety Administration (NHTSA), were based off of the Obama Administration's first standards raised average fuel efficiency to 35.5 mpg by 2016. It was intended for cars and light trucks during model years 2011-2016.

The 54.5 mpg CAFE standard aims to save consumers more than $1.7 trillion at the gas pump, cut U.S. oil consumption by 12 billion barrels, reduce greenhouse gas emissions by 6 billion metric tons over the course of the program, and encourage the adoption of autos like electric vehicles (EVs) and plug-in hybrids. 

Source: The Detroit News



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RE: Clueless
By Reclaimer77 on 8/31/2012 4:18:46 PM , Rating: 2
Why is it that every time a Conservative has an issue with clear over-regulation, someone accuses him of wanting completely unregulated laze fare Capitalism?

quote:
Historically the US did have a period of capitalism you dream of, it was called the Gilded Age and it occurred in the late 19th century. This is a period of time with rampant child labor, company towns, monopolistic cartels and corruption on the level of nations such as Nigeria and Mexico.


Well if we're playing that game, I can bring up several key examples of the ills of unfettered Socialism/Communism. Namely the various collapses of 20'th century Europe. The Soviet Union, China, etc etc.

In fact going by the Left's logic, the Soviet Union should have became the premier world power. What happened there? It sure wasn't "unchecked Capitalism" was it?

And is Cuba, in fact, really the "workers paradise" today? Why do so many South Americans flee to the United States when the "paradise" of Cuba is a stones throw away?

There is such a thing as too much regulation and Federal mandates. I believe we long ago crossed that point, and are just adding nail to proverbial nail to our countries coffin. Is that such a crazy opinion? There sure is ample evidence pointing to that situation.


RE: Clueless
By Ringold on 8/31/2012 5:30:31 PM , Rating: 2
quote:
And is Cuba, in fact, really the "workers paradise" today? Why do so many South Americans flee to the United States when the "paradise" of Cuba is a stones throw away?


I don't know if it made national news or not, but a boatload full of people from the workers paradise landed here in Florida a couple weeks back. From what I heard, they'd cobbled together their own boat, complete with an engine pulled from some 1950s or 60s car.

Remember too a couple years ago I95 came to a stop as a huge boatload landed and they were running across the highway.

Considering how many Cuban's die every year in their attempt to cross the Florida Straits, that must be a strange sort of paradise down there. :P


RE: Clueless
By Paj on 9/3/2012 11:02:51 AM , Rating: 2
A lot of Cuba problems come from the USA's unwillingness to trade with it. Closing off a market that size can really tank an economy.

Not saying Cuba is a paragon of virtue, because it surely isnt. Many freedoms are severely restricted, and some of their policies are repressive or just daft.

However, they do have one of the worlds best education systems, boasting a 99.8% literacy rate, and regularly outperform US schools. They also have a fantastic healthcare system, which is free for everyone. In fact Cubans have a higher life expectancy than people in the US.


"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard














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