Obama's First Test May Be His Most Important One

AMERICA NEEDS JOBS! GOOD PAYING JOBS!! Obama's handling of the collapse of the American automobile industry will define his Presidency for a long time. The automobile industry must be revived to get the economy going again. The question is how? Obama can just throw money at the industry and hope it sticks. But that would just be just rewarding bad managers who are really the blame for the industries demise.
The other option and the best one so far is to nationalize the industry and make the type of committment to it that no matter what this industry is coming back bigger than ever. Private ownership of the industry just hasnt worked because of reasons THE DETROIT TIMES has already discussed in previous issues. The 3 American automobile companies really belong to the United States because of there importance to the economy , the money the government has already given them in previous years and the good paying jobs they provide. This country cant afford to lose this industry to our foreign competitors. And what Obama does or dosent do to get it going again will forever mark his Presidency.