After reading some text of the bailout bill, I think I finally understand why Nancy Pelosi has been pushing this so hard. I mean, this Congresswoman has been incredibly antagonistic toward the Big 3 for since the beginning of time. Why, all of a sudden, is she now trying so hard to save them? The conventional wisdom is that she is trying to save UAW jobs and and win points with big unions. I just haven't bought that though. She had to have another angle.
Now I see it. Any automaker that accepts federal loan money will be required to drop their lawsuits against individual states that have passed laws on emissions standards that are more extensive than the federal government's. This clearly refers to the automakers suing California for their plan to trump federal CAFE standards through more restrictive CO2 emission regulations.
Bottom line? California (CARB) will set automotive CO2 emission limits. The Big 3 will have to comply. Since CO2 limits are in fact fuel economy standards by a different name, California will have superceded Federal CAFE standards and effectively imposed their will on the nation.
or maybe I'm just too suspicious....
Revised 12/10/08
Opps, lawsuit provision dropped from bailout bill. Maybe I am too suspicious? see quote from cnn
Democrats dropped a provision in their previous draft of the bill that would have prohibited automakers from continuing their support of lawsuits against states that have drafted more stringent emission standards than current federal rules.
"We do not believe there was any chance the legislation would pass if that provision remained in," said White House Deputy Chief of Staff Joel Kaplan.
Now I see it. Any automaker that accepts federal loan money will be required to drop their lawsuits against individual states that have passed laws on emissions standards that are more extensive than the federal government's. This clearly refers to the automakers suing California for their plan to trump federal CAFE standards through more restrictive CO2 emission regulations.
Bottom line? California (CARB) will set automotive CO2 emission limits. The Big 3 will have to comply. Since CO2 limits are in fact fuel economy standards by a different name, California will have superceded Federal CAFE standards and effectively imposed their will on the nation.
or maybe I'm just too suspicious....
Revised 12/10/08
Opps, lawsuit provision dropped from bailout bill. Maybe I am too suspicious? see quote from cnn
Democrats dropped a provision in their previous draft of the bill that would have prohibited automakers from continuing their support of lawsuits against states that have drafted more stringent emission standards than current federal rules.
"We do not believe there was any chance the legislation would pass if that provision remained in," said White House Deputy Chief of Staff Joel Kaplan.
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