Why Does Obama Want to Destroy 265,000 Jobs?

Mike Brownfield / June 16, 2011

Just how many jobs does President Barack Obama want to destroy in the name of going green?

According to a new report by The Center for Automotive Research, the number could be as high as 264,500 jobs lost just from new automobile fuel efficiency standards being considered by the Environmental Protection Agency. Meanwhile, the cost of a new vehicle could go up by nearly $10,000 and sales could be reduced by 5.5 million vehicles annually.

DBusiness pulls apart the report and finds that under the highest proposed mandate — which would raise the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025 — the following effects would occur: (more…)