Sunday, 7 December 2008
Is the US Car Industry Taking Everyone For A Ride?
President elect Barack Obama has a golden opportunity to 'encourage' the US car industry to re-evaluate its structure and perhaps more importantly the types of products they create.
Being an industry that is so tightly integrated into the practical and emotional needs of people must tempt it to arrogance with regard to its indispensability.
What a great game that must be. Become so big that government dare not let you go under because of the social consequences! Well looking at it as a layman the behaviour seems remarkably akin to extortion
The BBC write:
The 2008 winner of the Nobel economics prize Paul Krugman said he doubted the US car sector would survive, but that it was worth supporting it in the short term.
"In the end these companies will probably disappear," the economics professor at Princeton University said.
Well if that is the case then maybe Obama should simply turn on the windscreen washers filled with extra strong 'I ain't gullible fluid' and wipe them away.