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Originally Posted by diddiyo
Well, they must have made something wrong, otherwise they wouldn't be in this situation.
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yep. They catered to the market...when trucks were big. Within two years trucks are OUT. It wasn't a mistake; though the media would like you to think it was because it makes a story. It was an unfortunate turn of events; suddenly trucks are out, thier biggest breadwinner when they were in demand. GM = caught with their pants down. It amazing really how quick the market shifted. Now, compound that with the economy in general; and a bad reputation that was of their own doing........baaaaad situation. But it doesn't mean they did something "wrong".
Quote:
Originally Posted by diddiyo
I agree with stovt, "it would be nice if free trade was fair and equal" etc. and it would of course be nice if Gm/Ford etc wouldn't be in this situation. But the government simply shouldn't be responsible for bailing out companies. There's more important areas that could use the money right now, like education, public transportaion and health care.
I think the introduction of CAFE ratings etc is a great start. They're showing the car companies the right direction. How to get there, well, that's what they're supposed to figure out on their own!
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If they feel it's their responsibilty to tell companies HOW to do buisiness (ie CAFE), then I feel it's their responsibility to HELP them do business. The whole CAFE thing is quite against Lassiez-Faire to begin with, and very stupid in concept, imo. The market shift for more efficient cars would have gotten the automakers there just as efficiently. But no. The gov't; in typical gov't fashion...gave a ridculous order; and left the body to fend for itself. THAT is what the gov't shouldn't be doing....