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And joining us now for his unique take on president Obama's announcement of new fuel economy standards as Dow Jones newswire.
Columnist Errol Louis -- good to see you my friend.
Good to see -- today how are you today I'm great now is it any surprise that Washington.
Guess what its way it wants from Detroit which it essentially owns.
Well that's just the point -- it's really easy to get entire industries to do exactly what you want when.
Get a when given -- -- money and you own them.
These are standards that people -- -- to get for years the state of California has fought to get standards like this for years.
And then comes the Obama administration and it's just a little swipe of the patent it's a done deal.
I think one thing -- good here that that no one's really acknowledging is that.
You know the California standards was certainly a little more stringent and came into effect a little faster than the federal standards.
Son -- is a little bit of a compromise here.
But you don't let's hope that gas prices stay high because -- we get cheap gas this isn't gonna make a lot now -- Forgive me for being a little cynical but I was brought up in Washington DC so I was kind of raised by politicians.
Do you think that this is why the Obama administration was willing to take the heat for so long on bailing out the car companies because they realize if they did essentially -- a couple of them.
Maybe they could get what they want it through the EPA standards.
I don't -- things happen that way in Washington and I am not quite that cynical I think things kind of lineup and this is the way the planets -- They knew that they had to do something with these auto makers because of course you know the Obama administration got a lot of support from the auto unions.
So now that they have.
They get to run -- -- this is one of the things that they -- and you outfit at the end of the day can you really argue against like making cars that are more fuel efficient.
-- argue about like pumping less pollutants into the environment -- -- -- are essentially good things that question is is it going to be worth -- thirteen hundred dollars more.
Per car that this is gonna cost overtime and how we get a mile drive those cars afford those cars in the middle of -- recession and no one's buying these cars right now.
You know -- easier to make the argument when gas is up above 45 dollars a gallon which leads me to another quite do you think eventually they're going to raise gas taxes in order to make Wallace more palatable.
Well -- Now the Obama administration is saying they don't have an interest in raising gasoline taxes.
Frankly I think -- you have to raise taxes that's one place where you might wanna look at what it -- the user road vs what you're paying.
And maybe make calculation but the Obama administration right now says they don't want to raise gasoline taxes and you know the recession raging on as it is -- -- danger of gas doing what it did last that summer anytime soon Al Lewis Dow Jones Newswires good to see -- thanks for.
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