It seems President Obama wants to dictate what car companies can build and profit from.

While speaking to a friendly crowd of about 500 people on the first stop of his taxpayer-funded campaign tour in Cannon Falls, Minnesota, the President said America's automakers should ditch SUV's and trucks in favor of smaller, more fuel-efficient vehicles.

“You can’t just make money on SUVs and trucks,” he said.

“There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money.”

Claiming that his administration turned the auto industry around, he called on automakers to change the way they do business, The Hill reported.

“They are gaining market share for the first time in years, but what we said was, ‘If we are going to help you, then you have also got to change your ways,’ ” he said.

The White House unveiled first-ever fuel efficiency rules for heavy-duty trucks last week. The standards come after the administration ratcheted up fuel economy standards for cars and light-duty trucks.

The administration negotiated the standards in a series of high-stakes closed-door meetings with industry. In the end, the White House won the endorsement of major automakers and truck companies.

 

Another excerpt from the article:

In February, the President all but quoted Karl Marx telling companies what they needed to do with their profits. A post at Real Clear Politics reported:

"If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift their standard of living as well as your bottom line," President Obama told the Chamber of Commerce on Monday morning.

Read the rest of the article here:  http://www.examiner.com/conservative-in-spokane/obama-to-auto-indus...