Back after the 1973 oil shock, a cry went up that we could save fuel and cut accidents with a national speed limit of 55 miles per hour. And so it was. Congress passed it, the president signed it, and every speed limit sign the length and breadth of America was replaced with new ones reading 55 MPH.
And everyone hated it. No one drove any slower, and traffic cops had a field day. Since everyone was driving well over the limit, they could ticket everyone on the road.
It took a while, years actually, but the double nickel speed limit was finally repealed. In a matter of a few days all the speed limit signs were changed back to 65 and 70.
Yesterday the bureaucrats decided to try again. They limited their efforts to trucks and buses to avoid political backlash from everybody in the country. Rather than a speed limit, they want to install speed governors on all big trucks and buses. The bureaucrats claim it will save fuel and reduce accidents.
Yeah right. The professional drivers of heavy trucks and buses are the safest on the road. They signal, they yield the right of way, they stay in lane, they don't tailgate. The accident rate for heavy commercial vehicles is far lower than for private automobiles. And who can make a better tradeoff between fuel economy and getting the cargo delivered on time, trucking companies or federal bureaucrats?
Question. How much money did the makers of governors contribute to the Clinton Slush Fund?