Tag Archives: Car

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New study: Obama’s new automobile regulations will raise car prices by $4,800

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From the Daily Caller.

Excerpt:

Obama’s astonishing takeover of the automobile industry, unlike his health care takeover, occurred without even a vote of Congress. Yesterday, to much fanfare, the administration announced its astonishing ratcheting up of vehicle fuel economy standards to 54.5 miles per gallon by 2025. These regulations — I call them “ObamaCar” — were accomplished not through open debate in Congress, but through corrupt backroom deals in which our elected officials had no voice.

ObamaCar will, according to the administration’s own estimates, add over $2,900 to the price of a new car. This low-ball estimate was created by using a brand-new cost-estimating methodology that uses arbitrary factors to produce a cost estimate for a vehicle considerably lower than the total cost of its individual parts.

An analysis by the National Automobile Dealers Association (NADA), which followed the government’s usual methodology, found the cost impact would be $4,800 per vehicle. But NADA also found that even the usual methodology has historically underestimated the actual cost impact by an enormous factor. NADA suggests a worst-case scenario of a $12,349-per-vehicle price jump.

Even using the EPA’s official low-ball estimate, NADA’s analysis found that “6.8 million licensed drivers will no longer qualify for a loan on that least expensive new vehicle.” So people will buy used cars, or drive their old cars longer. There will be less efficient, dirtier vehicles on the road, and reliable, affordable transportation will be much less accessible.

And if you can afford a car under ObamaCar, will it actually be a car you want to drive? Even the vaunted hybrids only get around 35 to 40 miles per gallon — if you’re light on the gas. Cato scholar Pat Michaels has observed that the third-generation Prius maxes out at 50 miles per gallon, but its vehicle weight is too heavy to get much more than that. At 54.5 miles per gallon, cars will be smaller, lighter, less crash-worthy, less powerful, and less comfortable than you can even imagine. A nice-sized family vehicle? Good luck.

Obama is trying to save the environment. So what if your cars cost more? So what if lighter cars don’t protect you as well as a heavier car? You peasants shouldn’t be driving a car at all – cars are only for your betters in government! It’s Obamanomics.

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Obamacare requires virtually all health care plans to cover free sterilizations

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From CNS News.

Excerpt:

The “preventive services” guidelines issued by the HHS, say that new health insurance plans in the United States must “provide coverage without cost-sharing” that includes: “All Food and Drug Administration approved contraceptive methods, sterilization procedures, and patient education and counseling for all women with reproductive capacity.”

On Friday, the department of HHS announced a regulation making clear that this mandate extends to the student health care plans offered at American colleges and universities.

[…]As CNSNews.com has reported, the HHS regulation was announced on Friday, Mar. 16, and will be published in the Federal Register on Mar. 21.

“Under the final rule, students will gain the same protections other people with individual market insurance have, like a prohibition on lifetime limits and coverage of preventive services without cost sharing,” HHS said in a press release put out late Friday afternoon.

In a request for comments on how the student-health-plan mandate will be implemented, HHS spelt out that its “proventive services” included the same items as the overall mandate–including sterilizations.

“As relevant here, the HRSA Guidelines require coverage, without cost sharing, for ‘[a]all Food and Drug Administration [(FDA)] approved contraceptive methods, sterilization procedures, and patient education and counseling for all women with reproductive capacity,’ as prescribed by a provider,” said the HHS request for comments.

In announcing the rule for college-based health plans, HHS said it would follow the same system for enforcing the rule on religious colleges and universities that object to purchasing sterilizations, contraceptives and abortifacients for its students that President Barack Obama has proposed for enforcing the regulation on religious non-profit organizations in the coverage for their employees: The insurer will be forced to provide the sterilizations, contraceptives and abortifacients to the students free of charge.

Do you want to know why you never heard about this requirement that Christian colleges and schools provide free sterilizations to women? Because the mainstream media was not neutral in reporting on Obamacare – they were trying to sway public opinion towards supporting Obamacare. Here is a nice post from Newsbusters that goes over some of the worst examples of pro-Obamacare media bias. Read that post, and think about whether you should be trusting the media to tell you who to vote for in the Republican primary. They like Romney, and that means that Mitt Romney is the weakest candidate.

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How good a job is Obama doing running car companies?

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Investors Business Daily explains.

Excerpt:

President Obama’s electric car vision is off to a hot start. First the heavily subsidized Chevy Volt started catching fire. Then government-backed Fisker Automotive had to recall all its cars due to a fire hazard.

Late last month, Fisker, the electric car startup that is busy spending its $529 million in Department of Energy loans, announced a recall of its entire fleet of luxury Karmas because of a faulty battery that posed a fire risk.

The battery maker at fault — A123 Systems — is another Obama grantee, having gotten $380 million in taxpayer support to make advanced car batteries.

Fisker says it’s already fixed the problem, but this is just the latest in a series of troubles plaguing the new car company.

Although it once promised to be profitably churning out 1,200 cars a month by now, Fisker has so far sold only about 240 — at a price almost 14% higher than promised. And the more moderately priced electric sedan it says it will build in an abandoned Delaware plant is still nowhere to be seen.

Bad as this is, Fisker’s troubles are just a taste of the expensive and dangerous mess in store for car buyers should Obama succeed in forcing the industry to bend to his green dreams.

In May, a Chevy Volt caught fire three weeks after a government crash test of the car. In follow-up tests in November, a second Volt caught fire after a test crash, and a third began to smoke and emit sparks.

[…]Volt sales came in about 30% below GM’s forecast for 2011 — in a year when overall retail car sales beat industry analyst forecasts by almost 12% — earning the Volt third place on 24/7 Wall Street’s list of worst product flops of 2011.

And that’s despite the substantial tax break to Volt buyers and the hundreds of millions in grant money to its suppliers.

Obama is spending a lot of taxpayer money on his Solyndra-style boondoggles. Taking money away from employers and families and just throwing it in the trash. We are now officially over 100% debt-to-GDP. We are entering a Greece-style debt situation and this dingbat is throwing our money away on Peter Pan energy policies.