Tuesday, November 11, 2008

The Car Industry - USA



The New York Times: Reports that the USA car Industry now needs to be bailed out, Bush will do a deal if he gets a Free Trade Agreement through Congress, the Democrats just want the money. At what point will Democrats and Republicans see that sometime you have to say No to an Industry no matter the cost. This is what happened in the UK in the 1980s, Lady Thatcher would not fund Industries that lost money for the tax payer. The Car Companies if they go belly up, due so because they can not compete in the modern market. If you bail out the Car Industry what next American Football. Its better to be harsh now, make sure that workers are looked after and given new training than keep a bankrupt Industry in the game. This was the UK as the sick man of Europe in the 1970s, the USA will be hit hard by the Car Makers going out of business but the USA will hurt more if it keeps a bad company going. Obama is a Liberal he will bail out the Car Industry next year, but this wont fix the problem, they are not effective in the market, thus one day in the future Obama will have to say No to another bailout or the USA will get another Reagan or Lady Thatcher, these two leaders changed the map, bough the UK and the USA out of recession and weakness, does Obama have the back bone to say No to the Liberals, Unions, the Main Stream Media.

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