The U.S. Automobile Industry Is The Key To Starting The Economy

The depression will end when the American automobile industry is back selling cars. When that will happen is anyones guess. A lot of restructing has to be done. But things are still taking longer than they should.
The most important thing that can done now is getting a mangement team in place that is competent. The Obama administration has settled on Fiat to run Chryslers. A once troubled company that was turned around . But is Fiat really the best choice to be running Chrysler? What if there are problems and Fiat cant fix them because it dosent understand the American market? That is why it would have been better if the government had nationlized the company. Because if there were big problems the government could step in quickley and deal with them.
What Obama is doing now is giving a foreign company a free stake in an important American company and then fiancining that purchase. Maybe we should throw in Michigan to sweeten the deal.
In Gm's case Obama should quickley force them into bankruptcy and get rid of Skooch Henderson. Skooch Henderson is a carbon copy of deposed Chairmen Butch Wagoner.
Leaving Henderson in there is wasting time and money. Phil Murtaugh who is responsible for Gm's success in China is the best choice to run Gm.
After Gm is nationlized and they install new managment I think things will move much faster. Because time is definitly running out. The government could run out of money before the economy improves which would be a disaster.
P.S. Gm is owned now by the government and they arent leaving Detroit. Skooch Henderson was just breaking wind when he told everyone Gm was could move from Detroit.
He will be leaving the company soon and dosent have the authority to make such statements.
THE DETROIT TIMES TRADING TIPS: Today was a good day for selling or shorting Lowes as we recommended yesterday