When the first OPEC oil shock hit the U.S. in 1973, President Nixon encouraged Americans as a voluntary gas-saving measure to drive 55 mph on the interstate. Not long after, the infamous “double nickel” became mandatory as Congress made states choose between adopting the lower speed limit and losing millions in federal aid. For two decades, most Americans voted with their gas pedals and flagrantly ignored the federal speed limit. It had become the least respected law since Prohibition by the time President Clinton repealed it in December 1995.Now, as we learn more about Obamacare, the odds are good that it will ultimately rank right down there with Prohibition and the double nickel in public esteem.
Here’s to hoping it goes away just like them too – but much sooner.