Mark Tapscott of the Washington Examiner--who
writes about cars when he's not trying to save America from the
big spenders--worries that high performance automobiles likely
are a thing of the past for the U.S. industry.
He writes:
It's only a matter of time now before "core products" can only
mean "high mileage," "alternative fuels" and "zero emissions."
The end times are on the horizon for the Corvette, Camaro, and
high performance versions of the Cobalt, Colorado, Silverado,
etc. etc. Get ready to say goodbye to Vipers and Shelby
Mustanges, too.
Driving the point home is the LaHood Vehicle Miles Traveled
(VMT) tax hint. The people calling the shots for Detroit now
are all in Washington, and the most important of them aren't
named "Timothy Geithner" nor are they working at the U.S.
Treasury Department handing out TARP funds.
No, the people now deciding what kind of products will be made
by Detroit are working in Congress, the U.S. Department of
Transportation and, most crucially, the U.S. Environmental
Protection Agency. Virtually to a man, these people hate
privately owned cars and the individual autonomy they
symbolize.
This is, of course, yet another reason the unending government
bail-outs are a disaster--they give politicians the leverage to
impose their own ideological whims on a basic industry.
Unfortunately, we almost certainly are at the beginning rather
than the end of this process, the veritable socialization of much
of the economy.