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I agree with you on principle, had_enough: "So, we ought to just forget CAFE standards and tax the hell out of all fossil fuels. I mean, make it so gasoline is 12 bucks a gallon or more. And use the money to invest in alternative energy solutions for transportation."
But while we're waiting for those alternative energy solutions to show up, millions of people are going to go without food and housing because they can't get to work at their minimum wage jobs. I'd be all for this if it only affected the people who have a choice to move or switch jobs readily. But if we're really going to legislate something like this, we're going to have to require Wal-Mart, MacDonalds, etc., to shuttle people back and forth for their shifts or something. And that might cost those retailers a little bit of money.
I wonder if it has occurred to these large corporations who run our country that if they stopped spending so much on lobbying our legislators they might be able to afford more of the stuff that would further the common good.