GM CEO Wants Higher Gas Prices

GM CEO Wants Higher Gas Prices

GM CEO Dan Akerson was interviewed by the Detroit News. In the two hour long interview GM CEO praised the US Government for the bailout of the auto industry while also suggesting that the US Government should massively increase the tax on gasoline.

Of course the “private enterprise” that was bailed out by the Government not only with billions of cash but also with car purchases expresses gratitude for the socialist bailout of its economic unviable business.

“I actually think the government will be out this year — within the next 12 months, hopefully within the next six months…I have nothing but good things to say about them”

As if taking money from the tax payers is not enough, CEO Akerson now suggests that the government should increase the tax on gasoline as part of a future energy policy. That’s right, the former manufacturer of the Hummer who benefitted from millions of sales of energy inefficient vehicles due to government subsidies is now suggesting to massively increasing the tax on gasoline.

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.”

Let’s get this straight…First GM benefits from the subsidies of inefficient vehicles, then the company receives billions of bailout dollars to prevent the collapse of its inefficiently run business and after receiving all those government perks the CEO suggests that Americans should pay a significantly greater tax at the pump.

Find out which President more than doubled the tax of gasoline.


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This post was written by:

Jesse Livermore - who has written 99 posts on WTF Finance.


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