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Americas New Fuel Economy Cartel

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Document pages: 4 pages

Abstract: The May 2009 Rose Garden ceremony for President Obama’s signing of new fuel efficiency mandates for automobiles was attended by a remarkable gathering of “bootleggers and Baptists” - “Baptist” environmentalists who were pleased to get a policy they desired, and “bootlegger” automakers who were pleased that they will no longer have to make business decisions that weigh the willingness of American consumers to trade-off fuel efficiency for other desirable characteristics such as safety, capacity, power, and comfort. The gathering marked the replacement of industrial capitalism with centralized political management of the auto market.

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