Now let me get this straight. Congress has been imposing CAFÉ Standards(fuel economy mandates) since the 70’s. In part because of the energy/ security issues which resulted in long gas lines during short supplies. Later, the UAW got those standards modified to secure jobs within the US, by having Congress impose limits on imports that would meet the new standards. So, in essence, US automakers were handicapped immediately, where foreign manufacturers were not.
Meanwhile the UAW has been slowly ratcheting up the economic pressure, by not just demanding outrageous healthcare and pension benefits, but extorting them under threat of strike, while insisting that the UAW manage those funds. Pension and medical benefit trusts are currently under-funded to the tune of tens of billions of dollars, all on the table in the current Beg-o-rama on Capitol Hill.
Add to that the dream job of having NOT to work to get paid. Yeah, you got it. When the Big 3 shuts down a plant, they still have to pay about 80% of the wages, plus benefits. My kind of job.
But the $34 billion dollar gorilla in the room is the incessant raising of the bar, for fuel economy, by Congress, egged on by Environmentalists. The silence on this issue, in the hearing room, is deafening.
Way back when, it was 25 mpg, then it was raised to 28, then 30, now the bastards want 35 to 40, with no end in sight. Of course, every time they do this it causes the auto makers to retool, costing billions. And adding insult to injury, the Congressional fat cats tool around in gas guzzling SUV’s, when they aren’t burning jet fuel by the truckload.
And who will be the ultimate loser, when the last Congressional gavel drops?……anyone? OOOH, oooh, oooh, me, me, me. The taxpayers you ass, that’s who. We have 535 bribe taking, earmark grabbing, vote buying, office holding, self-indulgent A-holes all fighting for the tiller on a sinking ship while any consideration for the crew was thrown overboard on Nov. 5th.
Good luck suckers. The Dumbplumber