WASHINGTON (Reuters) - U.S. President Barack Obama told the Environmental Protection Agency on Monday to reconsider California's request to regulate greenhouse gas emissions from cars, reversing the climate policies of Bush.The new policies will be based on tougher regulations for emissions.
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The "Big Three" are under bankruptcy watch and begging for more bailout money. President Barack Obama thinks this is a good time to appease his environmental base by weighing Detroit down with a new round of environmental regulations. This is a horrible timing and it will severely damage the ability of the "Big Three" to return to profitability. The first increase in CAFE will take place by the 2011 model year. Detroit is now preparing to launch the 2010 model year in July. Read more here. The "Big Three" are sinking and Barack Obama fires a salvo of torpedoes
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