Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of “The Late Great USA,” a book about the careful deceptions of a powerful elite who want to undermine our nation’s sovereignty.
The Obama administration has announced an executive decision to raise the Corporate Average Fuel Economy, or CAFE, standards to 35.5 miles per gallon by 2016, four years ahead of the deadline originally set by the Energy Security and Independence Act of 2007.
And that could mean danger for many Americans.
Steve Milloy, the author of the book “Green Hell: How Environmentalists Plan to Ruin Your Life and What You Can Do to Stop Them,” has argued that these new Obama administration-imposed CAFE standards “may kill more Americans at a faster rate than the Iraq War – [President Obama’s] signature issue in the 2008 presidential campaign.”
Moreover, by advancing by four years the date for the 35.5 mpg CAFÉ standard to be met, Obama is trying to outdo Jimmy Carter in a move that runs the risk of having his administration being characterized as “Jimmy Carter II.”
The government move to dictate small cars for the U.S. consumer traces back to the Arab oil embargo and the attempt by Carter to conserve oil by imposing fuel efficiency goals for all vehicles sold in the U.S. market.
As Red Alert predicted in a piece entitled “Here Come the Obamamobiles,” the Obama administration can only achieve these new CAFE standards by dictating that auto manufacturers make “smaller, lighter and deadlier cars.”
On his website, GreenHellBlog.com, Milloy used National Academy of Sciences data to argue the mileage standards will cause around 2,000 highway deaths per year, approximately five new fatalities per day.
By comparison, since 2003, the Iraqi War has caused 4,299 U.S. military deaths.
As additional evidence, Milloy noted National Highway Traffic Safety Administration estimates that every 100-pound reduction in the weight of small cars increases annual traffic facilities by as many as 715.
“The U.S. Environmental Protection Agency – for the purposes of risk assessment – values a single human life at $6.9 million,” Milloy wrote. “So under the new mileage standards, it would cost about $35 million per day in human lives (not including non-fatal injuries) to save $1 million in gas.”
By 2016, the Obama administration-ordered new CAFE standards will require cars sold in the U.S. to meet an average mileage requirement of 39 miles per gallon, up from 27.5 mpg now; light trucks will have to average 30 mpg, compared with 23 mpg today, according to the Wall Street Journal.
The Financial Times observed that the tougher fuel-economy standards were a move by the Obama administration to please the environmentalists that also would add to the woes of Detroit auto manufacturers.
The move comes as General Motors struggles to avoid following Chrysler into bankruptcy.
“Carmakers, including foreign manufacturers with U.S. operations such as Toyota, have lobbied against proposals to impose better fuel economy,” the Financial Times wrote.
Red Alert’s author, whose books “The Obama Nation” and “Unfit for Command” have topped the New York Times best-sellers list, wrote, “The prospect is that a large portion of those aged 65-and-over in the baby boomer generation will have to keep working beyond age 65 just to maintain their standard of living. The question, however, is whether jobs in the service economy will be sufficient to accommodate the needs of the massive baby boomer retirement demographers are anticipating.”
Corsi received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years, beginning in 1981, he worked with banks throughout the U.S. and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks.
In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.
For more information on the future of Social Security and Medicare and for financial guidance during difficult times, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.”