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    Cash for Clunkers is Another Bailout for the Auto Industry

    Today, the Senate could pass a Food and Drug Administration bill that would grant the agency new authority to regulate tobacco products. Slipped into that bill is a newly introduced amendment that would, for one year, attempt to boost car sales and reduce carbon dioxide emissions: Sens. Debbie Stabenow, D-Mich., and Sam Brownback, R-Kan., introduced an amendment Tuesday that would set up a program that allows consumers with older, less fuel efficient vehicles to trade in their “clunker” for a voucher worth up to $4,500 toward the purchase of a … More

    More Regulations, More Renewables, More Economic Pain

    Fresh off receiving taxpayer money to stay afloat for a few more months and to submit a new business plan for economic sustainability, automakers now face a steeper hill to climb. President Obama has directed federal regulators on Monday to move swiftly on an application by California and 13 other states to set strict limits on greenhouse gases from cars and trucks. He also ordered the Transportation Department to begin drawing up rules imposing higher fuel-economy standards on cars and light trucks. The president also directed the Transportation Department to … More