Posts Tagged ‘CAFE standard’

The man has to be fact-checked every time his lips move. Lying and stretching the truth will be Obama’s presidential legacy.

From Politico 44:

A verbal typo by President Obama at today’s Mt. Holly, N.C. speech, but a self-serving one that warrants a quick correction:

“Now, because of these new standards for cars and trucks, they’re going to — all going to be able to go further and use less fuel every year.  And that means pretty soon you’ll be able to fill up your car every two weeks instead of every week -– and, over time, that saves you, a typical family, about $8,000 a year,” Obama said.

“We like that!” shouted an audience member.

“You like that, don’t you?” Obama replied.

Except it’s not true.

The new White House CAFE standards would save owners about $8,200 over the life of the car in 2010 dollars, with the per-year savings in the high hundreds – nothing to sneeze at, but not quite eight large a year. In fact, all but the most voracious gas consumers spend a fraction of $8k a year on gas.

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