The Coming Collapse Part 4

Eight dollars-per-gallon gas?  The idea certainly sounds absurd.  However, the idea of the government pouring over $100B USD into the auto industry and partially nationalizing GM and Chrysler might have sounded ridiculous a decade ago too.

Mike Jackson, chief executive of AutoNation Inc., offered similar sentiments, complaining, "The U.S. allows the price of gasoline to go back and forth across this line where the consumers don't care about fuel efficiency and where consumers do care about fuel efficiency."

He suggests a near term fix of taxing gas to around $4 or $5 a gallon to help vehicles like GM's 2011 Chevy Volt EV grab marketshare.  Jerry York, a former GM board member and an adviser to billionaire investor Kirk Kerkorian, concurred.  He states, "Unless gas is $3.50 or $4 a gallon, consumers are not going to want to buy those cars."

http://www.dailytech.com/Auto+Execs+Urge+Government+to+Tax+Fuel+up+to+8Gallon+to+Increase+Fuel+Efficiency/article16727.htm

It is no big secret that the Cash for Clinkers program was aimed at getting GM's sales up and running. Much to the dismay of the White House, GM was the only company that didn't see a jump in sales under the program.

It's the peoples way of saying we don't like the government running things, and dictating what they make and we can buy.

As much as publiclly they say the are staying out of the daily operations, behind the scenes the government is calling all the shots over at GM. Including their line of hybrid's that no one wants to buy. Pelosimabiles as I like to call them.


So what does a government that runs a company do when no one wants what they make? Tax the competition out of business. And if it further destroys the economy, so what. Lest we forget, the initial wave of this economic disaster was when gas prices skyrocketed. That alone sent hundreds of thousands into the unemployment lines.

The DIIRT folks say it is environmental justice. But I think the truth is to drive Ford out of business. Because Government Motors can't compete with them in a free market. Ford was the big winner in Cash for Clunkers. They make good products, and folks like the fact they didn't take any taxpayer money. And I have said since day one that the government will find a way to tax and regulate Ford out of business.

$8 a gallon, depending on your tank size – that is $80 to $160 bucks to fill up. When the President said a couple weeks back that the middle class will have to get used to doing with less, he wasn't kidding. This is in the works