The newspaper writes:

“Meeting the whims of California’s regulators will cost Detroit’s Big Three more than $100 billion, according to David Cole of the Center for Automotive Research, money they don’t now have and aren’t likely to get, unless the federal government intends to write more checks.”

“Automakers are faced with reinventing themselves on an extremely short timetable and in a way that no one is sure that consumers will embrace. That doesn’t make any kind of sense.

It’s no surprise the Detroit newspaper is worried about the loss of jobs in the automobile industry, and they’re tough on Obama for the position he’s taken on this issue:

“The early operating philosophy of the Obama administration is that if former President George W. Bush did it, it must be undone.

The technology required to meet the standards Obama and California are imposing will add another $5,000 to $15,000 to the sticker price of a vehicle. That will make owning a new car a very elite experience.

Average Americans, who will also see the price of nearly everything else they purchase soar as regulatory extremism spreads to other areas of the economy, will be priced out of the new car market. And American auto workers will lose jobs.

Although Obama promises his tougher environmental stance will create green technology jobs, those jobs are still a future concept.

The jobs he is risking today in the auto industry are very real.”