The real trouble with America's automakers comes not from a lack of "bailout," but Congress' fuel-economy mandates. These require car manufacturers to spend billions on developing hybrids they know the public won't buy if gas prices stay low. But Congress won't repeal the CAFE (Corporate Average Fuel Economy) because they fear the environmentalists. They won't repeal CAFE's "two-fleets" rule, which requires manufacturers to build cheap cars instead of importing them, because they fear the UAW. And Congress won't increase fuel tax because they fear the voter.
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