Obama has decided to use California's new emission law as the model for a nationwide plan to reduce greenhouse gases and raise vehicle milage requirements by 40 percent by the year 2016.
While this might sound great from a environmental aspect, it will have dubious effects on the economy. Anytime the gov't sets standards based on unreasonable and possibly unattainable goals, the economy is put in a position with unknown consequences. This makes people in the affected industries nervous. Uncertainty always has a negative on business.
Also, this Sacbee headline was written to promote Obama and to help solidify his position as dictator of the US. Since his ramming through of Obamacare, he believes in his mind that he has a mandate to 'fix' everything in America. He is constantly promoted in the Bee as the White Knight who will save America from itself.
Wether this new plan will be good for our county will play out over the next few years. It is interesting to note that the stock markets are closed today for a religous holiday, so Monday will be an important day to see how the markets feel about his plan.
