Time's Klein Giddy For New Green Regulation of Auto Industry
Practically rubbing his hands in glee, Time magazine's Joe Klein exulted yesterday over Michigan Rep. John Dingell (D) losing out to the more liberal Rep. Henry Waxman (D-Calif.) for control of the powerful House Energy and Commerce Committee.
Apparently Klein is happy that under Waxman the committee will succeed in decreasing both domestic energy and commerce with fresh, strict regulations on America's automakers. From his Nov. 20 Swampland blog post at Time.com:
Lord, things are moving fast...and also not. The stock market is moving south--fast. The number of jobless claims are moving north--fast. Economic panic is in the air...and the atmosphere is Washington is changing faster than a speeding ballot (ouch, sorry). There is a stirring in the Congress, too, where nothing of substance has happened in a long, long time. Today the hopelessly dopey auto makers received a couple of stark warnings: First, California's crusading Henry Waxman replaced the eternal John Dingell, patron saint of the gas-guzzlers, as Chairman of the House Energy and Commerce Committee, which is great news for those who are looking forward to the greening of Detroit. Then Nancy Pelosi called out the Big Three, saying no bailout without a plan. Now, no one really believes the Democrats will wit(h)hold money from the automakers--but the Big 3 would have to be stupider than idiotic not to understand that higher gas mileage standards and a whole bunch of other requirements are coming down the pike. They have very few, if any, defenders left in your nation's capital and that's real progress.
Ramping up industry-killing regulations in the midst of an economic downturn may be "real progress" to a well-paid liberal journalist in Manhattan. I doubt the sentiment is shared by Michiganers already facing the threat of double-digit unemployment levels.