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The us auto manufacturers have tried for decades to go under, just take a look at some of the interviews the press had with Rick Wagner before the Gov. booted his dumb ass during the bankruptcy of GM. Its as if that guy just left home each day and went golfing. I don't think he had a clue about how to run GM, Same with Bill Ford, they deserve to be living under a bridge in Detroit.
The marketplace would have taken over, some Blackstone would have taken them over like Chrysler. And then again there would still be making crap. Obama did well kicking out Wagner, Ford did well getting Malally, He has a brain.
The whole thing was a testimony to the fact that MBA's don't know how to run a company. A testimony to the government saving large companies from the most corrupt aspects of predatory capitalism. The war machines industry is bailed out repeatedly, annually, as they constantly deliver barely functional over priced crap, that we are forced to pay for, and then store in the desert until people forget about them, and then they are diapered, and new crap added to our endless debt. -- This is an industry we can do without....
The market would have replaced GM, Ford and Chrysler with something better, look at Tesla, a startup that will produce what may be the next generation in transportation. And I say transportation because they are working on a new rail system, who knows if this guy has the smarts to take us into the next generation of travel.... The airlines surely don't have the smarts for it, the crappy three sure don't, and our government can't tie its shoes without shutting down for a week fighting about what kind of knot to use....
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Yes you can call me "Squirrel boy"
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