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GM CEO calls for $1 gas tax hike
CNN ^ | June 7 2011 | By Chris Isidore

Posted on 06/07/2011 12:24:15 PM PDT by NoLibZone

General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes.

In an interview published in Tuesday's Detroit News, Akerson floated the idea of a $1 a gallon increase in the gas tax as a way to encourage buyers to purchase smaller, more fuel efficient cars. Greg Martin, spokesman for GM's Washington office, confirmed that the quotes reflect Akerson's and GM's view.

Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations that GM (GM, Fortune 500) and other automakers will have to meet in coming years. By the year 2025, automakers could be forced to hit fuel economy averages of as much as 62 mpg.

Akerson said that a higher gas tax, including an immediate 50-cent-a-gallon increase to take advantage of recent declines in gas prices, would probably make some of his Republican friends "puke." But he said it would do more to help the environment than the pending fuel economy rules.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: debt; default; economy; energy; gas; gasoline; globalism; gm; idiocy; lunacy; policy; socialengineering; tax; taxes
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1 posted on 06/07/2011 12:24:19 PM PDT by NoLibZone
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To: NoLibZone

Never. Never again, as long as I live.


2 posted on 06/07/2011 12:25:22 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: NoLibZone

I’m so old that I remember when higher gas prices evoked cries that Bush and his cronies were the reason for highway robberey.

Now, higher gas prices are a great and happy thing.


3 posted on 06/07/2011 12:25:45 PM PDT by NoLibZone (Until Reagan rises from the dead: Thank God McCain didnt win. Obama's better than some RINO.)
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To: NoLibZone

Boycott Government Motors.


4 posted on 06/07/2011 12:26:37 PM PDT by Truth29
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To: NoLibZone

GM must die.


5 posted on 06/07/2011 12:26:39 PM PDT by Upstate NY Guy
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To: NoLibZone

“Please buy my overpriced Volt....or bad things will happen.”


6 posted on 06/07/2011 12:27:24 PM PDT by Huskrrrr
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To: NoLibZone

He is openly advocating theft. Lock him up.


7 posted on 06/07/2011 12:27:41 PM PDT by Grunthor (Make the lefts' collective brain cell implode; Cain/Bolton 2012.)
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To: NoLibZone

Idiot alert


8 posted on 06/07/2011 12:27:51 PM PDT by gleneagle
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To: NoLibZone
“Akerson said that a higher gas tax, including an immediate 50-cent-a-gallon increase to take advantage of recent declines in gas prices, would probably make some of his Republican friends “puke.” But he said it would do more to help the environment than the pending fuel economy rules.”

He's got a point there. The higher gas taxes would be bad. The fuel economy rules are worse. Neither are good “solutions” — because the problem is mainly imaginary.

9 posted on 06/07/2011 12:28:31 PM PDT by USFRIENDINVICTORIA
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To: NoLibZone

Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes...

Why not a 10 dollar increase then?
Yeah, screw the citizens, but its good for GM!


10 posted on 06/07/2011 12:28:34 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Truth29

Boycott Government Motors.

But will Sean and other conservative talk show host stop blathering on and on about how much they love their $60,000+ GM products?

NO, they will continue to try to talk us into buying one.


11 posted on 06/07/2011 12:29:44 PM PDT by Cyclone59
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To: NoLibZone

It’s so cute when socialists start imitating each others’ behavior.


12 posted on 06/07/2011 12:29:52 PM PDT by relictele (Pax Quaeritur Bello)
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To: NoLibZone

When you are beholding to Obama, you do as he tells you.

Around Cincinnati, the word on the street is that the Chevy dealers are “buying” the Volts in their inventory to collect the $7,500 incentive and then dumping them on the used car lots for consumers to buy.

Never again will I own a GM automobile.


13 posted on 06/07/2011 12:31:52 PM PDT by Buckeye Battle Cry (Terrorism is nothing more than Kinetic Islam)
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To: NoLibZone

I’d eat worms before I would buy another GM... for as long as I live... and all of my life I have been a GM ONLY man. Never again.

LLS


14 posted on 06/07/2011 12:31:56 PM PDT by LibLieSlayer ("If you lie hard enough and sell your soul... you can scam your way to the top" barack obama)
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To: NoLibZone

Boycott GM. my moms caddy is 14 years old, wife’s suburban is 7 and we will never venture near a dealership of theirs again. I’m going to start sending their flyers and mail back with. “ Sorry I’m saving my money for the upcoming gas tax that your CEO wants me to pay”.

We should all do that with ever piece of junk mail they send out.


15 posted on 06/07/2011 12:33:51 PM PDT by Dick Vomer (democrats are like flies, whatever they don't eat, they sh#t on.)
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To: USFRIENDINVICTORIA

I will NEVER buy a GM product. This CEO needs fired.


16 posted on 06/07/2011 12:36:20 PM PDT by hal ogen (1st amendment or reeducation camp?)
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To: NoLibZone
spoken just like the communist SOB that put him there as ceo of gm.
17 posted on 06/07/2011 12:37:01 PM PDT by drypowder
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To: NoLibZone
an immediate 50-cent-a-gallon increase to take advantage of recent declines in gas prices

To take advantage of recent declines in gas prices? This is satire, right?
18 posted on 06/07/2011 12:37:23 PM PDT by nhwingut (Palin '12... Accept No Other)
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To: NoLibZone

This is a great idea, if you’re deaf, dumb and blind.

Good Lord, this man is crackers.


19 posted on 06/07/2011 12:38:04 PM PDT by RexBeach (If two people know, it's not a secret.)
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To: Buckeye Battle Cry

“When you are beholding to Obama, you do as he tells you.”

Very true. This goof is the CEO of nothing. He takes orders.


20 posted on 06/07/2011 12:38:07 PM PDT by Texas resident (Hunkered Down)
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To: Truth29

“Boycott Government Motors.”

No problem here.

In fact I will be sending this bs out to all of our potential heirs, noting that if they buy any new GM product from this date on, not to expect any thing from our trust.


21 posted on 06/07/2011 12:38:40 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: NoLibZone

9 MPG '98 Durango with plenty of HP and torque along with Brother-in-Law's restored RR.

Yeah...it was St Patrick's day and I was wearing a kilt. FUGM! and Chrysler too for that matter!

22 posted on 06/07/2011 12:39:25 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
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To: NoLibZone
General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes.

WTF? Then I read further:

...if [that tax hike] came instead of tighter fuel economy regulations...

In other words, screw you, Mr. and Ms. Consumer. Let's send more of your money to Washington and throw it down yet another sink hole. Hmmm...think I'll pass on a GM car...FOREVER!

23 posted on 06/07/2011 12:40:16 PM PDT by econjack (Some people are as dumb as soup.)
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To: NoLibZone

I will never own a GM product EVER. If I have to ride a bike I will not patronize that POS company.

Last GM car I owned was a Chevy Monte Carlo back in the late 70’s. It was such a pile of junk, had to spend on repairs, kept breaking down, etc. Nearly caused to me to have to drop out of college.


24 posted on 06/07/2011 12:40:36 PM PDT by lone star annie
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To: NoLibZone


25 posted on 06/07/2011 12:41:05 PM PDT by 2ndDivisionVet (How do you starve an Obama supporter? Hide his food stamps under his work boots.)
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To: Dick Vomer

Done and DONE! Thanks for the tip!


26 posted on 06/07/2011 12:41:09 PM PDT by prisoner6 (Right Wing Nuts bolt The Constitution together as the loose screws of the Left fall out!)
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To: RexBeach

“This is a great idea...”

Especially if that increased tax revenue lines your own pockets as the CEO of Government Motors. (Not including the increase in sales of your failed VOLT car).


27 posted on 06/07/2011 12:41:18 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
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To: NoLibZone

Those of us in our so-called peak buying years (that term may not apply in the present market) grew up not with Bel Airs and Corvettes but with Malibus, Citations, Chevettes and the rest of the dreck GM foisted on the market from 1970 on.

We saw a parade of cheap plastic interiors; knobs, handles and controls falling off/apart; windows that wouldn’t align properly in order to close; air conditioning that failed its task miserably; aggressive body rust; and of course some of the most hideous ‘styling’ ever conceived.

If a dealership replaced all the Lexus badges on its vehicles with GM ones (but not cars) we still wouldn’t go near a GM product, so vivid are our memories of the bad old days.

Government Motors with de facto CEO Barack Obama is an absolute non-starter but for many of us GM has been in that category for decades.


28 posted on 06/07/2011 12:41:18 PM PDT by relictele (Pax Quaeritur Bello)
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To: USFRIENDINVICTORIA

“He’s got a point there. The higher gas taxes would be bad. The fuel economy rules are worse.”

I disagree. If I had to choose between the two, I would choose fuel economy rules over higher gas prices. Higher gas prices cause inflation and cause all goods to rise in pirce and costs me money. Higher fuel economy rules may not cost us anything if they are not too unreasonable (i.e., feasible). I am usually not for government regulations, but I think we do need to downsize our vehicles to some reasonable degree. I see lots of people driving huge SUVs and trucks who do not need them, and it is wasting a lot of fuel and putting out a lot of extra pollution. I know conservatives balk at this idea, but there are only two ways to get people to drive smaller cars (higher gas prices or fuel standards). I would choose reasonable fuel standards.


29 posted on 06/07/2011 12:41:27 PM PDT by HwyChile
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To: NoLibZone

Speaking like someone who never ran a business before.

Oh, it is gubmint motor.

Like I said, no business experience.


30 posted on 06/07/2011 12:41:30 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: econjack

So he wants the gas to cost more, and he wants to keep building the gas guzzlers?


31 posted on 06/07/2011 12:42:01 PM PDT by ltc8k6
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To: NoLibZone

CEO of GM? I thought obama was CEO of GM.

Seriously, how did an idiot like this reach this high a position in business? Does he not know that the more people are taxed the less likely they can afford a new car? If this is his answer he now has the solution for anytime there is a shortage on ANYTHING. Not enough antibiotics to go around? Tax them. Not enough corn? Tax it. etc etc


32 posted on 06/07/2011 12:43:15 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: Steely Tom

I bought a FORD last week and will NEVER buy another GM product.


33 posted on 06/07/2011 12:43:24 PM PDT by OKC Patriot ("Never Forget"!)
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To: NoLibZone
Reading further, it turns out Akerson is rejecting Obama's fuel regs:

Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations that GM (GM, Fortune 500) and other automakers will have to meet in coming years. By the year 2025, automakers could be forced to hit fuel economy averages of as much as 62 mpg.

34 posted on 06/07/2011 12:44:24 PM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: LibLieSlayer

As long as this Marxist is GM’s president, I am with you and I currently own four GM cars. Between a long list of AH’s that have run GM since the ‘50, the UAW and the govt., the domestic automakers, and GM in particular have all been headed for the trash heap of history. That’s sad, because American cars used to be uniquely American. Now they all look like Jappo/Euro sheistboxes. When you are behind a car today, you can’t tell who made it.


35 posted on 06/07/2011 12:44:46 PM PDT by vette6387 (Enough Already!)
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To: NoLibZone
Well, we've been favoring a GM vehicle because of OnStar. This idiot's remark has cost GM at least one sale now, and more in the future!

On the other hand, what else could one expect from one who, in the words of Thomas Jefferson, has "hired" himself to "rivet" the government's chains on the necks of his fellow Americans. (See complete Jefferson quotation below)

"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39

36 posted on 06/07/2011 12:45:25 PM PDT by loveliberty2
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To: Cyclone59

Hannity complains about the bail out then takes money from GM for advertising on his show. That means Hannity’s show is subsidized by the tax payer. And he’s not so stupid that he doesn’t know this.


37 posted on 06/07/2011 12:45:57 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: NoLibZone

I’m not sure just how stupid a person can be.


38 posted on 06/07/2011 12:48:16 PM PDT by PBRSTREETGANG
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To: NoLibZone

GM CEO Dan Akerson Gets $9 Million Compensation Package

General Motors newest CEO Dan Akerson will receive a $9 million compensation package that includes an annual $1.7 million in cash, $5.3 million in salary stock delivered over three years starting on September 30, 2011, as well as $2 million in restricted stock.

Filing Shows Dan Akerson Received $2.5M During Last Four Months Of 2010

39 posted on 06/07/2011 12:48:24 PM PDT by kcvl
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To: NoLibZone

Is he insane? How can a CEO not know that would finish off the economy?


40 posted on 06/07/2011 12:48:55 PM PDT by GOPrincess
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To: NoLibZone

General Motors CEO Dan Akerson - GOVERNMENT STOOGE!
This is why I will never buy a GM or Chrysler vehicle again in my life.

FUBO


41 posted on 06/07/2011 12:49:30 PM PDT by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: NoLibZone

This moron is trying to get customers for their FAILED Vol-bama car.


42 posted on 06/07/2011 12:49:36 PM PDT by Mr. Jazzy (The United States Marine Corps, your greatest friend or your worst enemy. YOU choose.)
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To: NoLibZone

Mr. Akerson, please go have your head examined.


43 posted on 06/07/2011 12:49:36 PM PDT by Faith
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To: NoLibZone

This is the kind of animal they have running a major automaker! The next time they need a bailout, and they will, pass.


44 posted on 06/07/2011 12:50:14 PM PDT by Anti-Bubba182
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To: NoLibZone

I grew up in a 54 Chevy, learned to drive in a 57 Chevy Bel Air, and my first personal car was a 73 Chevy Vega. Haven’t touched a GM product since. Probably won’t, given the current product line and attitude toward us customers. The GM CEO wants to “force” us to buy lower-mileage cars? That will help the foreign-design brands more than the domestic. And that’s the disconnect that will cause GM to follow so many of its once-proud badges.


45 posted on 06/07/2011 12:51:32 PM PDT by asinclair ("Buy American" -- unless the other product is significantly superior)
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To: NoLibZone

The current CEO, Dan Akerson recently sounded off in an interview with The Detroit News, portions of which will likely offend some readers.

Most notably Mr. Akerson called for a massive gas tax hike in the U.S. commenting, “You know what I’d rather have them do — this will make my Republican friends puke — as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas. People will start buying more Cruzes and they will start buying less Suburbans.”

Mr. Akerson argues a tax increase would be a better way to “protect the environment” and promote consumer fuel efficiency than direct increases the U.S. Corporate Average Fuel Economy (CAFE) regulations. The Obama administration and Congress are currently looking to extend increases in CAFE mandated fuel economy levels through 2025, with the current round of increases wrapping up in 2017.

http://www.dailytech.com/GMs+CEO+Praises+Obama+Calls+on+Govt+to+Pump+Up+Gas+Income+Taxes/article21839.htm

Mr. Akerson suggested a tax of fifty cents on the dollar, which would make $4 USD/gallon gas cost $6 USD/gallon. This is slightly less than GM’s previous suggestion to tax gas to $8 USD/gallon.


46 posted on 06/07/2011 12:51:47 PM PDT by kcvl
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To: NoLibZone

National Socialist piece of garbage.


47 posted on 06/07/2011 12:51:50 PM PDT by ExpatGator (I hate Illinois Nazis!)
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To: NoLibZone

Government Motors: You’re tax dollars at work.

GM, you have forever lost me as a customer, and I’ve been driving GM vehicles since I first got my license.


48 posted on 06/07/2011 12:52:18 PM PDT by AFreeBird
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To: NoLibZone

“In July 2009, Akerson was named to the board of directors of General Motors as a representative of the U.S. Treasury, which owns a 61% stake in GM.”

‘Nuff said.


49 posted on 06/07/2011 12:52:25 PM PDT by PBRSTREETGANG
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To: NoLibZone

But would the increase help the sales of GM’s 550-hp Cadillac? To answer my own question, I suppose those buyers are not expected to even look at the price at the pump.


50 posted on 06/07/2011 12:53:44 PM PDT by luvbach1 (Stop Obamania in 2012)
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