Mama Obama
OK i hafta say something about this, because it effects everyone more than i think they realize. Yesterday during my lunch at school, i got a news story about Obama’s announcement concerning GM and Chrysler. This is the news story no one seems to have heard, but it was what Obama said before the stock market puked up 300 points. The prez man explained a plan to cover GMs butt by having the government guarantee car warranties on cars manufactured by a defunct GM. There were a few other details, but the gist of it was treating American car companies like children, and telling them they better clean their rooms or the government would do it for them. Ouch, what a threat. Here is my problem:
The reason GM, Ford and Chrysler are in a bigger hole than the other car companies, is because they made bad decisions. their costs are too high, there quality is too low, and finaly, frankly, their product is about to be obsolete. Guaranteeing the success of a dying horse? ask someone at Santa Anita how that sounds.
Ignoring the mess of the Zap corporation (which looks like it should become a fraud investigation) new companies are coming forth: Aptera, Tesla, and Fisker are the largest that come to mind. If the big 3 were to colapse, these little three could take over quite easily. these three companies are car manufacturers. (Zap claims to be but we have no proof of that yet). Not just any cars, but extremely eficient cars and electric cars with long ranges, and performance numbers that make the gas engine look obselete already. This is the future of the car, not GM. If anything in economics made sense to people that failed the class in high school, it should be that things change. The automobile is way overdue for a change. Please Mr. President, stop trying to save the old mule thats asking to be put down. The other coast over here has better ideas. Ideas everyone between Al Gore and Rush Limbaugh would like. C’mon white house, let the old horses walk thier last lap and die. We could use the glue.
Posted on March 31st, 2009 by admin
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