Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
GM urges that the passive restraint requirement be eliminated…There is an immediate need to avoid the sharp economic impediment that these requirements…would place on the domestic car market’s recovery.
The proposed limit of two fibers...is impossible to meet....The cost of attempting to reach such a low limit would be astronomical and entirely unrealistic....The added expense would definitely force us out of business and would entail the loss of hundreds of jobs.
Unless we're able to weed that crop with the short-handled hoe, we are going to have to disk the crop up. It will cost a fortune if we are stopped from using the short-handled hoe. If you ban this tool, through your hasty action, you will bankrupt California's largest industry.
Let me state, first, that achievement of a standard of 2 fibers per cc is not, at the present time, technically feasible in all areas of our manufacturing operations. Thus, I cannot estimate fully the total final economic impact on our business, or the total final capital investment required.