05/22/2008 05:12 am ET Updated May 25, 2011

Will The Next President Obliterate The Auto Industry?

As the presidential primary season draws to a close, it is worthwhile to contemplate this:

It is unusual for a single individual to hold the fate of an entire industry in his hand - but that will be the case for the next president of the United States.

He or she will have the power to enact unbearably strict fuel economy standards on the cars and trucks sold in half the country. By so doing, he could render vast swaths of the current car and truck lineup obsolete and doom their manufacturers to the scrapyard.

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