Who Said This, and When?

The answer is after the jump.

"Over the past year, the domestic auto industry has experienced sharply reduced sales and profitability, large indefinite layoffs, and increased market penetration by imports. The shift in consumer preferences towards smaller, more fuel-efficient passenger cars and light trucks . . . appears to be permanent, and the industry will spend massive amounts of money to retool to produce the motor vehicles that the public now wants."

Neil Goldschmidt, Secretary of Transportation under Jimmy Carter, delivered this in his report to Congress in 1980. Via The New Yorker