Looking back on human history, a lot of decisions look bad in retrospect. Trading Babe Ruth to the Yankees, for example. Or the New Coke.
But for Alan Mulally, humanity's low point came when Washington adopted corporate fuel economy standards for automakers.
"CAFE has got to be the stupidest policy ever created in the history of mankind," Ford's CEO told dealers at a June meeting in Detroit. During a recent interview with Automotive News, he expanded on his distaste for the policy.
CAFE, said Mulally, is "a market-distorting policy (that) doesn't have the consumer in the middle of it." He contrasts CAFE with the European approach, where gasoline and diesel fuel are heavily taxed, forcing consumers "to make an economic decision with their purchase."
If he can't blow up CAFE, he favors multiple fuel economy standards for vehicles of different size.
"We ought to make improvement in fuel efficiency in every vehicle of any size," he said, instead of "trying to force everybody into smaller vehicles."