2008-05-02

Earth Equity News-May 2, 2008

Auto Industry Leaders Speak Out Against Gas Tax 'Holiday'. By Sarah A. Webster, Detroit Free Press, May 2, 2008. "Automotive industry leaders have begun to speak out firmly against... [the McCain-Clinton gas tax 'holiday' idea]... [Chrysler CEO] Bob Nardelli, AutoNation CEO Mike Jackson and others say that the nation needs the high gas prices to encourage consumers to buy more fuel-efficient vehicles -- which the federal government has mandated automakers build... 'You have to have alignment,' [said] Jim Press, the former Toyota... executive who [is now] a president and vice chairman [at Chrysler]... A day earlier, Jackson... told the Free Press that suspending the gas tax demonstrated 'zero intellectual honesty' and gave Americans 'confusing signals' about energy consumption. 'I've never heard of a plan that says, I want you to use less of something but I'm going to reduce the price,' said Jackson... 'It's like telling a heroin addict: You've got to deal with this heroin thing, but don't worry, I'm going to do everything I can to reduce the price of heroin. But, you really should do something about it.'"

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