In keeping with campaign promises, President Obama directed the Environmental Protection Agency to review the Clean Air Act waver request from California, which would allow the state to impose stricter regulations on vehicle emissions. The Bush Administration denied these requests for years and auto makers are staunchly opposed. The move would bring more efficient and environmentally friendly cars on the road faster than current time tables allow.
Short version via Reuters
More in depth coverage via AP
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The "Big Three" are under bankruptcy watch and begging for more bailout money. President Barack Obama thinks this is a good time to appease his environmental base by weighing Detroit down with a new round of environmental regulations. This is a horrible timing and it will severely damage the ability of the "Big Three" to return to profitability. The first increase in CAFE will take place by the 2011 model year. Detroit is now preparing to launch the 2010 model year in July. Read more here. The "Big Three" are sinking and Barack Obama fires a salvo of torpedoes
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