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Michael Ishigaki @ Mar 25th 2008 3:46PM
HotRodzNKustoms,
I believe in fairly conservative economic policies. However, I do believe that in certain very special cases it's absolutely necessary that the government intervenes. After all, neither a government ran nor a completely free market economy works. I sincerely believe that the CAFE standards will be better for the consumer in the long run and for the suppliers in the very long run. Even if, or perhaps especially if, that means that we move to electric vehicles.
The resulting surge in technological progression in electrical power storage and generation would have an amazing halo effect in our economy. It will be hard at first, but in the very long run we could very easily see America coming out of this as the world leader in electrical power. Now that is good for everyone. (Except Saudi Arabia, Russia and a few other [mostly corrupt] countries.)