Newly elected president Barak Obama went on to describe, what he believes is a long-term bailout that will be conditioned on federal oversight. Could that mean that the government is mandated, or at least to heavily influence, what kind of cars the 3 Big ones from Detroit make, what mileage and environmental standards they must meet and what large investments they are permitted to make — to recreate an industry that Mr. Obama wishes “ that actually works, that actually functions.”
It all sounds me too close to nationalization.
My big question is, those 3 companies have been underperforming regularly in the last couple of Years even in the Booming ones, pursuing wrong business strategies, obsolete models, too many brands, so, why should the government ,as most will admit , historically, haven’t done that very well, be able to change that course and appear as the salvation management option ?
Plus it is a protection for the National American car manufacturers, what if the result is just the extension of the actual agony? Where is the American spirit of free trade and free market, what happens with the foreign manufacturers that invested in plants in the US and fostered the creation of thousands of new jobs, will they also be able to benefit form those massive financial injections ?
Would not be that money more wisely invested in long term actions that help boost economy by, lowering taxes and give the power back to those that more wisely can take the purchasing decisions. The taxpayers themselves, it is all a question of placing the right balance between back between offer and demand. What do you think?
It all sounds me too close to nationalization.
My big question is, those 3 companies have been underperforming regularly in the last couple of Years even in the Booming ones, pursuing wrong business strategies, obsolete models, too many brands, so, why should the government ,as most will admit , historically, haven’t done that very well, be able to change that course and appear as the salvation management option ?
Plus it is a protection for the National American car manufacturers, what if the result is just the extension of the actual agony? Where is the American spirit of free trade and free market, what happens with the foreign manufacturers that invested in plants in the US and fostered the creation of thousands of new jobs, will they also be able to benefit form those massive financial injections ?
Would not be that money more wisely invested in long term actions that help boost economy by, lowering taxes and give the power back to those that more wisely can take the purchasing decisions. The taxpayers themselves, it is all a question of placing the right balance between back between offer and demand. What do you think?
