Alan Mulally, CEO of Ford, has some smart words on the carbon tax and CAFE:
"Ford Motor Co. CEO Alan Mulally called the federal government's mandatory fuel economy requirements a failed program and suggested a tax on gasoline might do more to achieve energy independence and help the environment....
"I have never seen a market-distorting policy like CAFE," Mulally said. "It's a policy that forces you to put out more small cars than there is consumer demand for to make the bigger cars that people really do want. "You're trying to force the market instead of being market-driven."
hat tip: Greg Mankiw