Thursday, August 30, 2012

Government role in business

Hooray, the Obama administration has proposed ambitious new fuel standards for the auto industry.  By 2035 it  is recommended that the average fuel economy be doubled, to nearly 55 miles per gallon (New fuel standard for 2025 near 55 mpg).  Not surprisingly presidential candidate Mitt Romney has gone on record in opposition.  He would prefer that businesses have free reign to produce only products that consumers want.

If it were not for government laws and regulations would cars have seat belts, emission controls, or even unleaded fuel? Sometimes the government must consider the common good, which includes the environment.  The government's role in crafting legislation for the common good rightfully supersedes individual and business desires and liberties.

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