A government bailout for their health-insurance woes will be akin to rewarding bad management.
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Why should the taxpayers of this country preferentially subsidize the health care of the privately employed workers of the auto industry to the great benefit of the stockholders of those companies? The first public bailout evidently didn’t make much of an impression; it only set a sorry precedent.
The auto companies are suffering the negative consequences of having neglected good principles of design and quality manufacturing and have failed repeatedly to build products that anticipated the demands of consumers everywhere. Sorry, but their Japanese competitors don’t enjoy an unfair currency advantage or a low wage structure that have allowed them such prominence in our markets. They paid attention to what car buyers wanted and made plans in anticipation of future market conditions that didn’t have the same basic assumptions as the present.
Someone once told me that the Japanese think 10 years ahead while American businessman think 10 minutes ahead. The present crop of american businessman have sold this country out to China. 10 years from now when we are a two class society it will be too late. my recommendation. Teach your kids Mandarin.
My wife and kids are taking Mandarin!
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