Believing in government again
http://pww.org/article/articleview/14289/ Author: Sam Stark People's Weekly World Newspaper, 01/16/09 15:15
All through congressional hearings around the auto loan last month, not one public official or news reporter ever asked General Motors and Ford CEOs the most important question of all:
“So how come you guys are so dumb here but so smart in Europe?”
It’s got to make somebody wonder why Detroit carmakers have managed to lose money and market share here to the same Japanese carmakers whose butts they are kicking in Europe. Over there, Ford and GM’s respective market shares are almost double Toyota’s and more than five times Nissan’s and Honda’s.
There’s no denying: Detroit automakers do much better when there is the greatest amount of government regulation, and worse when they are basically left on their own.
http://pww.org/article/articleview/14289/
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