Sales of gasoline-powered cars are way down. Down, down, down. For most of us, the reasons for that are obvious:
1. The economy in general is wrecked, and nobody has the money to buy a car
2. Gasoline prices are high, and so people are driving their cars less, and thus can wait a longer time to replace their cars
3. People are driving less, knowing that driving a car powered by fossil fuels contributes to global climate change
Over in Detroit, though, they’re still searching for alternative explanations. So it is that the Detroit Free Press found Peter Morici, professor in the school of business at the University of Maryland, who suggested that part of the problem is,
“a lack of supportive policy… China, Japan, Korea, they support their auto industry. We don’t. Everybody else is getting subsidized.”
Yes, Professor Morici suggests that if the U.S. government would just pour more money into the fossil fuels transportation system, then auto sales might just turn around. How very curious that the Detroit Free Press would print such an opinion.
What’s good for General Motors is good for General Motors.
