Henry Payne reports.
Last summer, Pennsylvania senator Bob Casey joined his Democratic colleagues in piling $85 billion in new regulatory costs on the Detroit Three by mandating a 40-percent fuel-efficiency increase by 2020.
“The energy bill passed by the Senate takes an important step forward to increase our energy, economic, and environmental security,” said the senator. “And the CAFE standard increase contained in the bill is long overdue.”
At this afternoon’s Senate Banking Committee hearings, Casey — unapologetic for his role in burdening the industry now before him seeking a handout — demanded quick passage of $34 billion in taxpayer money to save the Detroit companies from bankruptcy. Casey moaned about the economic devastation an auto company failure would visit on his state.
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