The EPA today announced new rules for car emissions, which the agency says will help clean the air, save lives and enable fuel efficiencies that will save American drivers a combined $1.7 trillion by 2025.
You reach a certain age when it seems the only surprises are bad surprises. The 2012 Kia Optima Hybrid is a rare happy surprise. The rise of Korean automobile makers is an oft-told tale – cheap lemons to top-notch serious competition for the likes of Toyota and Honda. The 2012 Kia Optima isn’t your father’s Kia. Heck, it isn’t even your big brother’s Kia.
Imagine if our nation was offered a choice of how to spend half a trillion dollars of our wealth over the next two decades.
One option would be to send $350 billion overseas to the Middle East and other oil exporting countries, and the remainder on increasing oil industry revenues.
An alternative option would be to take that half a trillion dollars and invest $300 billion directly into the U.S. auto industry, put $200 billion back into consumers’ pockets, and create half a million new jobs while cutting emissions of dangerous carbon pollution.
Is this choice just a pipe dream? Is it too simplistic a way to look at things?