Scrap CAFE:

Save Detroit – Scrap CAFE

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This very insightful opinion piece appeared in September 10, 2008 issue of the Wall Street Journal. Written by Holman W. Jenkins, Jr. the article confirms the position of AutoPacific and VehicleVoice that CAFE is unnecessary and costs the industry and the taxpayer far more than it achieves.
How to Save Detroit… And $50 Billion
by Holman W. Jenkins, Jr.
September 10, 2008
For a sum small compared to their revenues but large in relation to their market caps, the Detroit auto makers were all over the two conventions. Their lobbyists had something to sell — a plea for $50 billion in federal loans. Congress practically owes us this money, Ford, GM and Chrysler argue — because Congress slammed us with new fuel mileage mandates that will cost us $100 billion to meet.


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