21 Aug 2014 adminPS
If elected I will propose the following legislation:
“Michigan based Auto companies (GM and Ford) are not allowed to buy or sell credits related to CAFE standards.”
Not allowing CAFE credits to be bought or sold accomplishes the following:
This firmly has the nation’s biggest auto state throwing a challenge to unrealistic legislation from Washington.
The CAFE standards require average fuel economy of 54 mpg by 2025. The CAFE legislation is 1,500 pages long. The tiny Honda Fit (four cylinder 1.5 liter) gets a combined 29 mpg. GM just introduced its new small engine family. Engine architecture lasts for 20-30 years-any improvements GM will get from that class of engines will be small increments, not quantum leaps. GM just released its average MPG on last year’s sales. Its average MPG stayed at 22 MPG–the same as the previous year. Moderating gas prices saw consumers buying more spacious vehicles and bigger engines which offset the slightly better mileage performance of its individual engines. Michigan voters need to ask their Congressmen and Senators to address this coming collision of what car buyers buy verses government setting up a system for Wall Street to profit by gaming the system.
The danger with CAFE legislation is that credits can be traded. You can see Wall Street gaming this system. Envision DC bureaucrats who moved to DC in their twenties and have ridden the subway to work for 25 years, salivating at a chance to punish the gas guzzling Detroit automakers.
Citizens must not underestimate the power of government bureaucrats when they have unreasonable legislation to play with. America has a 1,000 year supply of coal and it produces over half of the nation’s electricity. The utility industry has reduced carbon dioxide emissions from its power plants by 97%. Despite this strong continual improvement, an EPA bureaucrat recently issued a ruling which means that America will not build a new coal power plant.
The death sentence for the coal industry issued by EPA bureaucrats is the same for coal as nuclear power after the Three Mile Island nuclear plant almost blew up in the early 1980’s. Is this wise government?—one industry makes strong gradual improvements in its emissions and one nearly destroys Philadelphia—same death sentence from a government bureaucrat.
Detroit is very vulnerable without a change in CAFE legislation.