Does Nancy Pelosi want to kill the auto industry?
Right after taking control of the House of Representatives, Speaker of the House Nancy Pelosi formed a panel to look into global warming. Now she’s locked in a battle with House Energy and Commerce Committee Chairman John Dingell over proposed CAFE standards, seeking to preserve a rapid rise in the new requirements. Domestic automakers haven’t hidden their opposition to Pelosi’s plan. Cerberus’ Stephen Feinberg claims her approach would raise Chrysler’s vehicle prices by $7K apiece. GM Car Czar Maximum Bob Lutz estimates it would cost GM $8K per vehicle. They’re all predicting that drastic increases in CAFE would cripple or kill the U.S. auto industry. The result: cutbacks, layoffs and bankruptcies throughout industry. Thousands of industrial workers would lose their jobs. People who belong to labor unions. Labor unions that contributed to Nancy Pelosi’s election fund, to the tune of $63K in 2006. In fact, according to Freedom Works, Pelosi ranks ninth overall in contributions from Big Labor AND her largest single contributor was Occidental Petroleum, another industrial enterprise that relies on the auto industry for income. The Nance better watch that whole environmental zealousness shtick– she’s biting the hand that feeds.
Frank Williams
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