Over at Yahoo! Finance, I saw a post called “How High Gas Prices Could Help Obama”. I was hopeful because I thought the theme of the article would be “Obama will change his energy strategy” or even “he will adopt less inflationary spending practices”.
But nope. His article was a typical left wing Obama apologism. Here is his quote:
Drivers, for example, find more efficient ways to run errands, and some buy smaller cars that get better mileage. So they end up burning less gas. Governments mandate higher fuel economy, as the United States has done in recent years. Companies get more aggressive about controlling energy costs, with stronger incentives to streamline their supply chains, experiment with fossil-fuel alternatives and reduce their exposure to volatile energy costs.
So he said this was good for Obama because YOU will change your habits. Governments will regulate fuel efficiencies. Americans will consume less gasoline. And then when (if) prices come back down, we will be better off because of it. And then we will all like Obama!!!
We would all love to have better mpg vehicles. The problem is I don’t want the government mandating this. I think the free market is more than capable of mandating fuel efficiency themselves. They can balance all the factors: market demand, manufacturing costs, gas prices, consumer desires, performance, etc…