So why is giving a monetary bailout to companies who merely shuffle money around a good thing, but doing the same for companies that make a tangible product, like…I don’t know… maybe cars, a bad thing?
Thirty years ago, Carter warned auto makers that they needed to start making more efficient vehicles. To say that they were unaware of a dwindling oil supply and the need for a change is disingenuous, to say the least.
Cacolley - especially since they actively resisted getting more fuel-efficient for decades. And one reason why Toyota is about to be the largest auto company in the world is because they got a major foothold during the 1970s oil crisis when American companies tanked, and since picked up the hybrid technology GM had first and leveraged it in recent years.
But too much of the working population of the US depends on these companies to let them collapse completely, as I see it. The logic for bailing out the banks is to restore lending money to lubricate the economy - not pay bonuses to failing execs…
Ah yes, motivemagus, the banks also swore they’d be good and now won’t tell what they done with the loot. Big Auto thinks,”Why not me?” I hold out my hand and Big Nada.
Nebulous Premium Member over 15 years ago
So why is giving a monetary bailout to companies who merely shuffle money around a good thing, but doing the same for companies that make a tangible product, like…I don’t know… maybe cars, a bad thing?
HUMPHRIES over 15 years ago
… Neo-Con world.
cacolley7811 over 15 years ago
Thirty years ago, Carter warned auto makers that they needed to start making more efficient vehicles. To say that they were unaware of a dwindling oil supply and the need for a change is disingenuous, to say the least.
Motivemagus over 15 years ago
Cacolley - especially since they actively resisted getting more fuel-efficient for decades. And one reason why Toyota is about to be the largest auto company in the world is because they got a major foothold during the 1970s oil crisis when American companies tanked, and since picked up the hybrid technology GM had first and leveraged it in recent years. But too much of the working population of the US depends on these companies to let them collapse completely, as I see it. The logic for bailing out the banks is to restore lending money to lubricate the economy - not pay bonuses to failing execs…
cacolley7811 over 15 years ago
Ah yes, motivemagus, the banks also swore they’d be good and now won’t tell what they done with the loot. Big Auto thinks,”Why not me?” I hold out my hand and Big Nada.