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Showing results for tags 'automobiles'.
Found 3 results
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Hear the beat of a new drummer. OK, the monied interests will now have a food fight over this, but in the end it can't happen soon enough to suit me. Driving on today's roads is an exercise in stress we don't need any more. Not only must this apply to all private vehicles, but also to all commercial vehicles as well. No more large pileups on the highways caused by sleepy transport drivers.
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Can someone take your car over while you drive? The answer could well be "yes", especially if you consider the corporate inertia in most automakers.
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This thread arises from the Current Events Topic A serious dislocation in the automotive industry is greatly feared by the U.S. economists as evidenced by the GM/Chrysler bailout of a few years back. No lesson was really learned by that near collapse, other than the public is highly fickle when it comes to choosing an automobile. Certainly the heads that should have rolled in the executive and board rooms of the rescued companies were conspicuous by either not rolling at all or rolling uphill. What if Chrysler, the perennial also ran, had been allowed to go to the wall? GM? There would have been a serious dislocation in employment in not only those particular companies but also many other industries dependent on them. Would anyone, even the government, been able to pick up the pieces? I believe it would have made the 1930s look like a Sunday school picnic, and it would have taken the world economy with it. You don't solve a dysfunction in the economy by throwing money at it. The travesty of the rescue of Goldman Sachs was a similar situation. I'd rather have brokers raining down on wall street than see a government toss tax-payer money, hard wrung from the populace, into a financial sewer like that. Who really benefits? The Wall Street fat cats just licked up the cream and continued as if nothing had happened. If this is a capitalist economy, the weak must go to the wall. Supply and demand is the first principle.
