After attempting to claim success for the auto industry recovery in campaign stops in Detroit and Toledo, President Obama is now sending in Transportation Secretary Ray LaHood to clean up after he skirted Michigan’s senior senator and announced new regulations that could add up to $3,500 to the cost of a new car.
While it is certainly encouraging to see the auto industry recovering, President Obama’s campaign rhetoric won’t hide the failures of his administration when it comes to the economy. Secretary LaHood is here to push regulations that will hurt the auto industry by making owning a car more expensive. No matter how many campaign events Obama and his administration do in Michigan they can’t hide the fallout of his failed economic policies – a painfully slow recovery, higher taxes, out of control spending, and budget busting deficits.
OBAMA BOASTS SAVING AUTO INDUSTRY
President Barack Obama is crediting his politically risky bailout of the U.S car companies with turning around an "industry on the brink." Speaking at a Ford plant that is adding 1,200 jobs and a second shift, Obama says that while others criticized his $60 billion bailout over a year ago, he chose that course because of his faith in American workers. (“Obama Boasts Saving Auto Industry 'On the Brink',” CBS News, 08/05/10)
WHITE HOUSE SKIRTS LEVIN ON NEW FUEL ECONOMY STANDARDS
Sen. Carl Levin (D-Mich.) said the White House was not “straightforward” with him about proposed vehicle fuel economy standards the administration is reportedly shopping around to the auto industry. “I can only express my great displeasure that the White House told us they have not made a decision the day before they dropped that number on the auto industry,” Levin, an ally of Detroit automakers, told reporters in the Capitol Tuesday. (Andrew Restuccia, “Levin: White House Wasn't 'Straightforward' About Auto Talks,” The Hill, 06/28/11)
NEWLY FLOATED REGULATIONS WOULD ADD UP TO $3,500 TO A NEW CAR IN 2025
“Government Officials Have Estimated The Costs Of The New Standards Would Add Between $770 And $3,500 To A New Car In 2025.” (Josh Mitchell and Sharon Terlep, “Your Mileage May Vary,” The Wall Street Journal, 6/27/11)
Economy Auto Bailouts