We Already Have 'Super Trucks,' Mr. Obama

President Obama just threw another wrench into the economy with his new heavy-duty truck efficiency standards. While it may be desirable to see more efficient trucks on the road, as Kevin Williamson at NRO pointed out -- this technology isn't free. President Barack Obama is a masterly practitioner of the occult art of single-entry bookkeeping. Consider his speech today, in which he praised the fuel economy of a new "super truck," making the point that, since most U.S. freight moves in trucks, lower operating costs for freight operators should in theory mean lower costs for consumers. And he would have a point -- if that fuel-economy technology were free. It is not. It costs money to develop. It costs money to deploy. Where it adds to the price of a vehicle, it also adds to ownership costs such as insurance and taxation. And as truckers, especially single operators (AKA small businessmen), have found out in California, free it is not. So just how inefficient are these evil heavy-duty...(Read Full Post)