Regulate and Bail Out Approach Going Bankrupt
Fantastic entry on the the UAW's great contributions to humanity by kraorh.
I showed Jack. Jack responds:
Uncle Sam Goes Car Crazy
Your government gets into the auto business."Any business would be hard-pressed to survive if obliged to make consistently maladaptive choices. Any rescue mounted today in Washington won't be so much a "rescue" as a ( Read more... )
I showed Jack. Jack responds:
Uncle Sam Goes Car Crazy
Your government gets into the auto business."Any business would be hard-pressed to survive if obliged to make consistently maladaptive choices. Any rescue mounted today in Washington won't be so much a "rescue" as a ( Read more... )
Comments 2
I'm really putting all my hopes on Republican filibusters for the next two years. At that point, then, it'll be interesting to see what Obama can do with executive orders. Oh, crap, he's already at it.
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- I wouldn't be so quick to say "Toyota will eat their lunch:"
"Toyota's stock nosedived 17 percent last week -- its greatest decline in 18 years -- after the company announced it will see an operating profit of just $6.9 billion, a 73.6 percent decline over last year."
http://blog.wired.com/cars/2008/11/gm-and-ford-may.html
- The WSJ editorial states that regulatory concerns are to blame for Ford / GM from bringing over popular European designs to the USA. However, those same regulation don't seem to inhibit Japanese and German automakers from producing essentially identical models in both the USA and Europe. Furthermore, I would note that both Germany and Japan have substantially higher labor costs and taxes due to various government programs that the WSJ would doubtless categorize as socialist. Yet, they are in better shape, relatively speaking, than the US automakers.
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