Friday, December 5, 2008
Not quite right, but close enough
For those of you imaginary people out there who don't know, I've been doing/did a automotive news podcast for a little over a year, and I've been following the automotive industry bailout very closely. This is something that the automotive industry in the US needs very badly in order to stay afloat, and considering that 61% of the American public opposes the auto industry bailout, it made me happy that Jon Stewart, one of the prophets of the left, came out and said that Congress should give the industry the bailout. He didn't really touch on the financial reasons why they should (the catastrophic unemployment collateral damage that an auto industry bankruptcy would cause, the further destruction of the credit market from auto loans becoming worthless, and a whole bunch of other bad things), but his reasoning, that Congress spent more than twenty times as much bailing out the financial industry, and since they barely employ anyone and don't actually produce anything while the auto industry employs millions of people across the nation and produces a tangible product, is pretty solid. The Big Three in Detroit are actually improving their quality at the moment and some pretty damn good models are on the way for 2010, so if we can get them through the current recession (and they don't make any stupid decisions, I'm looking at you, GM CEO Rick Wagoner), they should weather the storm in roughly one piece. Except for Chrysler, they're screwed.
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3 comments:
Good enough for me!
alright, I'm convinced. on a mildly irrelevant note(and you may delete this comment upon reading, as I could not find your email to notify you directly), I saw this job posting and thought it was right up your ally. Do what you will with it:
http://www.ed2010.com/jobs/whisperjobs/2008/11/smartman-daily-writers-bloggers
you're welcome, maybe?
Erin Christine Eitel
Thanks, but I'm seven years too young for that 30-50 year old target demographic. Thanks for the link though, hope you can tolerate my nonsense and enjoy the site.
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