“Dieing US Auto Industries”
So after the amazing success of the bailout of the financial markets we are now going to throw money away into the dieing US auto industries. Here is an idea, let them fail! The free market has spoken. You fail to plan, you plan to fail. This is the story of the US Auto companies. So why do we have to save them? For all the jobs lost would kill the US economy, as if it needs any help.
So here is my “Joe Nobody” plan. Let them fail. When the factories close and the people are canned, then the Feds buy the factories and re-tool them to build wind turbines and solar panels. Hire and re-train the auto workers to make and maintain this new industry. And as for the US Auto industries, if they can survive, good, but not at the cost of the tax payer.
We need to invest in our future. What better time then now to do so. Let's stop throwing money into old ideas and invest in new ones.
Jeremy P. Lincicum
