Quote:
Originally Posted by Captain Awesome
Here's what's going to happen:
First, Congress will work out some "deal" or another to "save" GM and the rest. I don't know what that will be, but it will happen.
Next, in the next year, new models like the Camaro will come out and because the media is now paying attention to the domestics, they will cover the new models.
Third, people will be SHOCKED and AWESTRUCK by the amazing domestic cars (like the Camaro) and will be flabbergasted at the great quality and innovations coming from Detroit.
Finally, congress and the current administration will credit the vast improvements in the domestic automakers to THEIR "deal" that they are about to make with Detroit. They will attribute all the improvements to themselves!
Mark my words!
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The current administration won't be in office to take credit, though. From a political standpoint, the Republicans can tote this as a win to take back a few seats from Democrats in the next couple of years, and we may see a shift to the right in areas that are most affected by they domestic auto industry.
Democrats, however, cannot afford to see enormous markets collapse at the beginning of a new administration. It would kill their push for change and distract voters from the issues that allowed a new administration to take office. They want to sound responsible with the money, even if they've approved too much money, with heavy Republican assistance, to irresponsible businesses already. Basically, Democrats will also tote the idea of saving Detroit's automakers as a major victory to establish a stranglehold on the industrial North.
From a public policy standpoint, it is hard to explain why the US government has not been supportive of saving the auto industry because the tax revenue they generate allows them to fund personal and government ambitions. The normal theories of public policy don't explain this very well. It is both counterproductive and dangerous to allow US automakers to fail.
From a realist perspective, all 3 automakers are essential to US prominence abroad. They influence the industry as a whole and make the US look good when they succeed. Unfortunately, there isn't any evidence that Bush or Obama are realists.
From a constructivist perspective, all 3 automakers are part of US history. Chrysler is the least desirable, but it is still memorable and important. At least Ford and GM should be allowed to survive.
From a liberal perspective, the free market should make all three automakers succeed or fail.
From a conservative perspective, the business interests of the Big 3 should be fulfilled.
This post is taken from multiple perspectives. I reserve the right to agree or disagree with any perspective in future posts as your resident devil's advocate.
