Executives of large companies by and large tend to skew toward the more conservative side of the political spectrum and generally eschew increased taxes on anything. However, a growing handful (see here) seems to be coming to the same realization of late, a realization that completely escapes most politicians: cheap gas is bad for America, especially if we want the country to move to more efficient, lower emitting vehicles.
Mike Jackson is the Chairman and CEO of Auto Nation, the largest dealership group in the United States. Auto Nation showrooms around the country sell just about every brand of car offered here and Jackson is actually glad to see gas above $4 a gallon. While this may seem odd since sales have been in free fall lately, especially the once mighty and profitable full-size truck and SUV segment, it actually makes a lot of sense if you look out past the next quarterly report. For far too long, America
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- Fastest-depreciating cars in the United States
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