Romney Would Sell GM Stock, Look For CAFE Alternatives
The Detroit News interviewed presidential hopeful Mitt Romney on Tuesday, and the Republican candidate-to-be shared his thoughts on government ownership of GM stock and the future of CAFE.
Romney told the paper that he would like to see government-held GM stock sold as quickly as possible
“There is no reason for the government to continue to hold (its GM stake),” Romney, a Detroit native and son of an auto executive, said Friday…The president is delaying the sale of the shares to try and avoid the story that the taxpayer took another loss. I would get the company independent from government and run for the interests of the consumer and the enterprise and its workers — not for the political considerations of government officials.”
Also put on the table was the notion of revisiting the CAFE regulations and perhaps seeking “a better way of encouraging fuel economy”. Romney suggested a market driven approach, with “…vehicles that people want…”rather than government mandates, as a means of spearheading fuel economy increases. Romney claimed that co-operation would be essential to such measures, and also said that electric vehicles are “…a technology that people aren’t interested in.”
Romney’s words will find praise with a certain element on TTAC, but lest we forget that increasing fuel economy also means less revenue for the gas tax… and who knows where that could lead.
Get the US government out of everything.
"Romney suggested a market driven approach, with “…vehicles that people want…”rather than government mandates, as a means of spearheading fuel economy increases." Easy! Just add a 25% gasoline tax (about $1/gallon at present prices), and repeal CAFE. Done! Fuel economy is encouraged(but not required), and people can still buy whatever vehicles they wish, in whatever quantities they wish. The proceeds can be used to fix our aging highways, develop EVs, and deal with pollution related to oil extraction and climate change. Perfect! It's a market-driven solution with greatly-reduced regulations, but the Republicans would never go for it.
“I think our country is in need of a revolution,” Ray Bradbury told the Los Angeles Times in 2010. “There is too much government today. We’ve got to remember the government should be by the people, of the people, and for the people.”
United State is not the first or last multicultural empire in human history. All empires sooner or later collapse because inhabitants cannot agree about anything and have no common values or purpose. America is not nation state like Germany or Japan. It is more like Soviet Union and Roman Empire. Internal conflicts and cultural incompatibility forces government to handle conflicts and try to resolve issues and government eventually grows out of controls. Government growth is like law of gravity or cancerous tissue - nothing can stop it. It grows until it is out of control and finances collapse. In Russia government became too large, collapsed and become smaller but now it rapidly growing again. Yes America was a shining beacon of freedom and hope for people around the world but it was hundred years ago when America had opens spaces and Americans had certain values.