Obama Responds to Romney's CAFE Criticism
August 30, 2012 5:30 PM
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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.
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.
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.
The Detroit News
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8/31/2012 5:21:08 PM
That's not the way the math works in this situation. By inaction as a whole, the industry could maintain the status quo, which is okay for mafia bosses with culturally established territories, ranks, etc.
But the first one to move in commerce as the advantage, as in war. This is obvious; if one automaker could make supposedly simple investments and turn the competition to dust, billions of dollars of pure profit stood to be made, along with perhaps a mindshare dominance in the public that could last for an entire generation.
Sig wouldn't offer a logical response because, like liberals and their conspiracy theories, it was a reaction based on an emotional gut reaction distaste for corporations. He could neither prove cartel-like behavior nor logically suggest why a company would shoot itself in the foot for the benefit of their competitors, and so far neither have you.
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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