Read Holman Jenkins’s column in the Wall Street Journal re the latest automobile Corporate Average Fuel Economy (CAFE) legislation.
A couple of quotes:
Take last month’s fuel-economy legislation, deemed “a nice little Christmas present” for the American people by Nancy Pelosi. President Bush wore himself out singing the bill’s praises. Mr. Obama, who has been hell on the auto makers, practically called it America’s salvation. But its only redeeming feature is that it’s unlikely ever to take effect, at least in current form…
No mileage rules designed by Congress would ever have the slightest impact on global warming or bring any nearer to thee the false god of “energy independence.”
And consider an equation that Congress resolutely fails to examine, because it conflicts with the free-lunchism that is the primary characteristic of Washington in a spasm of “nonpartisanship”: The billions that would be spent forcing unwanted fuel-economy improvements down consumers’ throats is money not available to spend on safety, where the technological moment right now is actually riper for transformative gains.
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