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Sunday, November 09, 2008

The Necessary Step for Saving The Automobile Industry

The Democrates appear to be sincere in wanting to save the industry. But they arent going far enough. Their plan is like giving cough drops to a man on his death bed.
The industry must be nationalized and new management brought in. Giving Rick Wagoner a dime is a dime to much. He would only squander it. He was the one who managed Gm into the ground. If he stays how is that going to help Gm?
Ford has made progress. Their quality is equal now to any Japenese car. Maybe giving them money might ge a good investment.
Chrysler the government must be prepared to buy and run.Private ownership just hasnt worked in the automobile industry and the government should own and at least be able to monitor its progress