Tag Archives: sean mcalinden

Economist Says Auto Bailouts Saved More than 4 Million Jobs

Posted on 9 December 2013 by Ken Zino

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?

Posted on 14 June 2011 by Ken Zino

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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