Blackeyebart

Automotive Depression: Government Needs to Let the Weak Fail

It is not as simple as saying that the auto-companies "need to start making drastic changes". They have excess plant. How do they quit it it? Convert it into condos?

Sure the market is down by half. And no-one expects it to bounce back by June, but do we know now that it will never recover? Really? People are planning to walk to work?

The auto companies don't deserve our admiration. They have made a catalogue of errors. They are struggling now to survive. It is mostly their own fault

But this is a time for clear-thinking and determination, not panic.