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The Dems’ Detroit Dilemma: To Cave or Not to Cave on Emissions?

Jul 31, 2020
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As Congress and the White House wrangle over the conditionsof a possible Detroit bailout, many Democrats want the conditional guaranteethat, in return for the cash, the Big Three will drop lawsuits against California and more than a dozen other states that want to tighten tailpipe emission standards — a provision opposed by the Bush administration, which calls it a deal-breaker. (It is, after all, the White House-run EPA that’s blockedCalifornia’s efforts by denying its emission waiver.)
On the one hand, the conflict is an interesting show of how well Democrats can stand up to a wildly unpopular president in the waning days of his teunure. They’ve already caved once in this debate, having gone back on vowsnot to fund the bailout from $25 billion previously allotted to revamp the automakers’ factories for the production of more fuel-efficient cars.
On the other hand, it might not matter at all. Even if the lawsuits are allowed to continue, President-elect Barack Obama is expectedto grant California’s waiver as one of the early actions from the White House. If he does, it could make the current debate seem a bit futile.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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