Thursday, February 26, 2009

The Big Three and Robbing Ourselves...

Fifty years ago, statistically every car on the roads of the United States was made by one of the "Big Three", or companies they absorbed. Imports were a cloud no bigger than a man's hand.

Since then, in millions of personal buying decisions, we decided that we didn't really want the Big Three's products, at least not exclusively. Ten years ago they were over 50%, now not even that.

We, as a population, don't want Detroit's products. (I say that having just bought one myself.)

But we're going to use our government to rob ourselves at gunpoint to buy the companies themselves.

And we won't even get an actual car.

That would work better- buy the cars at wholesale, auction them off. The whole inventory. Taxpayers eat the difference between proceeds of the sales and costs, automakers start fresh or wind up.

This is just beyond madness.

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