Tag Archives: sean mcalinden

Economist Says Auto Bailouts Saved More than 4 Million Jobs

A newly released report by the Center for Automotive Research, aka CAR, says that the auto bailouts conducted during the 2009 by the U.S. federal government saved more than 4 million jobs. It also saved U.S. taxpayers or avoided the loss of $105.3 billion in transfer payments and the loss of personal and social insurance tax collections or 768% of the net investment of the thus far $11.8 billion. Continue reading

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$10,000 Increase per Auto Under Fuel Economy Proposal?

Some of the proposed changes to increase fuel economy and decrease greenhouse gases starting in 2017 could cost new car buyers from $3,700 to more than $9,000 per vehicle if they are adopted, and that’s before another $1,500 or so is added for additional safety equipment.

The new fuel economy mandates under consideration by the government are based on reducing emissions ranging from 3% to 6% per year, the same as increasing fuel mileage equivalent amounts. The highest increase, 6% per year, will raise the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025. Continue reading

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