Thursday, April 30, 2009

Chrysler OUT

BBC News: Reports that Chrysler the Car Manufacture is going belly up. The point of Western Capitalism is that business can make money but also go bust. The idea that Obama Administration should devise a parachute for Chrysler was a mistake from the start, the UK did the same for the UK car manufacturing industry in the 70s, it was a disaster, it cost to much and the tax payer never got his money back, as the Gipper said in an interview; if a business does not work, he was talking about those that built the horse drawn carriage in the late 19th and 20th Century, the invention of the Car of put these workers out of work; then the workers have find new employment, Go West Young Man was a common advice to those that seeking new employment. In the UK it was get on your bike make and look for work. The Government has no business being in business, lets hope Obama has learnt his lesson, have my doubts, Intellectual Arrogance take some to see reality.

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