WhynoT

Tough Love for Detroit Is Long Overdue

John D:

Let me see if I get this right. The Big-3 use 50% more workers to make the same amount of cars, therefore we should save them...

If this is the new logic of capitalism then I've got a lemonade stand that takes 1,000 employees per cup, wheres my bailout?

This idea that whats good for the Big-3 is good for america needs to be wiped from our collective consciousness. So sad that places like China are looking more capitalistic than the US.

On Nov 18 01:41 PM John D wrote:

> Joel ... you seem very high on Honda & Toyota environmentally
> friendly cars - if you look back, that must mean GM was well ahead
> of it's time when they came out with AV1 electric vehicle technology
> in 1990 - and if I remember correctly - North America had ZERO interest
> at the time therefore there was NO market and GM went back to what
> the people wanted. Here in North America everyone loves to jump on
> the bandwagon but have difficulty presenting the facts - I'm quite
> sure that the Asian cars are of good quality - BUT - FACT - they
> don't provide 78 jobs per 2500 cars built here like the Big3 but
> a mere 33 jobs per 2500, so what you are saying is that you would
> risk removing over 50% of the automotive jobs because Honda's &
> Toyota's are PRETTY. With those jobs lost - who is going to pay for
> the financial bailout - if the Asian imports had been regulated to
> an even playing field back in the 90's when the 1st electric car
> was brought out - North America would not be in the SAD shape it
> is in today. The cars companies have been trying to warn about this
> for years but again - no one WAS interested.Obama said it during
> one of his speeches - why do Americans allow Korea to dump hundreds
> of thousands of cars here and we sold a whopping 5000 there.

>
> There was no real problem with the Big 3 - they were all inline with
> they're restructuring efforts, other that they were blindsided by
> the skyrocketing fuel prices (which the North American governments
> AGAIN did ZERO to head off) and the biggest problem being the collapse
> of the financial sector which is preventing people from purchasing
> a house or a car as there is NO CREDIT available - Japanese &
> Korean car companies have more money to burn through (and are doing
> so at the same rate) but you can bet the Asian governments will stand
> by them to insure they're around in the future to get YOUR profits
> and take them home to support THEIR people.