... there are actually folks who think that Obama's farcical and unreachable 54.5 mpg standards for cars are too low.
Since cars are redesigned every 5 years, the 2025 date is basically 3 car revisions from now. It also is far enough in the future the auto makers can cynically sign on now fully expecting to ignore or change the regulation in the future.
This is the corporate state in 2011. Every single executive signing on to this is thinking "this standard is total BS." But they go along with it because they fear the government's power over them and crave the valuable taxpayer $ giveaways this Administration has demonstrated it is willing to give its bestest buddies in the auto industry.
Of course, once again, some greenie has convinced himself this will create all sorts of jobs. Sure, investments in car mileage is an investment in productivity (cars will uses fewer resources for the same output, ie miles driven). BUT - the money that will be forced into this investment would come from other spending and investments. Right now, private actors think that these other investments are a better use of the money than investing in more MPG. I will take the market's verdict over the gut feel of an innumerate green. So this standard is about shifting investment and spending from more to less productive uses. Which has to reduce growth and jobs.