Scott Allan's World

This morning Obama also announced new CAFE standards for the car companies forcing them to produce cars that exceed 35 MPG.   I was wondering why he would do such a thing.  Clearly the car companies are already in trouble.  Chrysler is already in bankruptcy and GM is on the verge.  There is no demand for the hybrid vehicles they make now because simply they are too small and too expensive.  I would probably buy one if I could afford it, but I can’t.   The obvious result will be higher car prices and lots of unsold cars that nobody wants.  How could this possibly help the car companies or the consumers?

Then this evening I figured it out.  Obama is deliberately trying to bankrupt the car companies to nationalize them.

According to Reuters, General Motors will become Government Motors.  After giving GM over $15 billion in bailout money which we were PROMISED was a great investment with great returns for the taxpayer, GM is ready for bankruptcy, but get this, it is selling itself to the government.   And guess what the government plans to do with it?   First it will forgive all the bailout funds we gave them and then it will start a new company, owned by the government, to later be turned over to the unions and bond holders.

What???? That can’t be right.  But it is.  The government just started a car company.  This is incredible.  I bet as usual no one will dare to challenge it either except obscure bloggers who have somehow escaped falling under the spell of the Charismatic One.

We just leap-frogged socialism and jumped headfirst into communism. This is no exaggeration. The government is taking over a private business and giving it to the proletariat.  They will try to make cars according to a political agenda rather than the laws of supply and demand.  Obama is trying to create a supply and forcefully create a demand by limiting choice.

So who do these CAFE standards target?  Ford.  The one company smart enough to not take government money will now have to compete with a nationally subsidized competitor.

Good grief, somebody stop these people.