If ever a president seems to have learned nothing from the times he's living in, Barack Obama is it. Economies around the world are foundering from an accumulation of policy excesses produced by the sort of straight-line, robotic thinking he's applying to so-called corporate average fuel economy rules.Read the whole thing.
If more money for less work is popular, thought Greece, twice as much money for half as much work will be even more popular.
If 64% of Americans owning their own homes is a good thing, thought Bill Clinton, 67% is better. If 67% is good, thought George Bush, 69% is better.
If forcing auto makers to build cars that deliver an average of 35.5 mpg is good, believes Mr. Obama, forcing them to deliver 56.2 is even better.
Wednesday, July 6, 2011
Our Over-CAFE-inated President
Holman Jenkins has Barack Obama's number for saying and proposing foolish things. In this case, on forcing the auto industry to make lighter, smaller cars, that American car buyers don't want and won't buy.
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