User 158164

'Too Big to Fail' Should Not Exist

Obviously the author knows absolutely nothing about the auto business or how this situation came to pass.

I can hear the same arguments when the auto industry went through a massive consolidation in the 50's, When all the independent companies were gobbled up or run out by the big 2 (Chrysler and AMC were allowed to live to keep the regulators off of GM's backs) and anyone who didn't like it were told "it's market forces".

The problem is it's not "market forces", it is 50 years of self desstructive trade policies that make it more and more difficult to produce goods in this country.

We need policies that make American companies compedetive in the world market. Not protectionism, but a level playing field.

Could Apple and Google Replace GM and Citi in the Dow?

Bunch of really good comments here.

Noone has a problem with the Dow Jones INDUSTRIALS having a manufacturer replaced with a software company and a retailer that sells imported goods. I am sure that will make the Dow an even better measure of the industrial state of our economy.

Recent Policy Decisions and a Greater Depression

I disagree with the assumption that the mortgage crisis started this mess. Manufacturing has gone from 20% to 10% of our economy over the last decade. What do you think happens to the housing market when 10,000 auto workers lose their jobs?

We need to make US manufacturing compedetive with the rest of the world, then people will have the wealth to buy homes.

No, instead we'll do a rant about the UAW and corporate jets and ignore the fundamental problems with the economy.

Pay no attention tot he man behind the curtain!