HOME    WORLD    U.S.    POLITICS    CRIME    ENTERTAINMENT    HEALTH    TECH    TRAVEL    LIVING
November 18, 2008
Fatal Crash: why the american auto industry must be saved
Posted: 02:35 PM ET
Share this on:
Share | Permalink | 4 Comments | Add a comment

Editor’s note: Eric Easter writes about politics, culture and technology for ebonyjet.com

Eric Easter
Chief of Digital Strategy for Johnson Publishing

A few years ago when I was teaching a college course in entrepreneurship, I struggled for a way to explain to students the complexities of the economy and the almost limitless opportunities open to them if they could look beyond the obvious.

I finally came up with a solution I call the "Chair Theory." In short, I placed a simple wooden chair in the middle of the classroom and had the students "deconstruct" the creation of that chair by trying to the identify the number of people and businesses that went into making the final product.

Though the actual chair was only several pieces of wood, some glue and a few screws, the exercise resulted in the discovery of several hundred...

Read more...

4 Comments
More about: Bailout Turmoil •  Economy •  Finance •  Raw Politics
4 Comments
Cindy   November 18th, 2008 3:05 pm ET

Your chair analogy explains the automaker industry perfectly. It takes many companies coming together to build a car and then many others once it's finished to sell it. Allowing the auto industry to collapse could be detrimental to our economy.

We should in no way give them a blank check with no oversight though. We need to keep a check on them and what they do with the money so it's not wasted like AIG seems to have done.

Cindy...Ga.

Cindy   November 18th, 2008 3:08 pm ET

Your chair analogy explains the automaker industry perfectly. It takes many companies coming together to build a car and then many others once it's finished to sell it. Allowing the auto industry to collapse could be detrimental to our economy.

We should in no way give them a blank check with no oversight though. We need to keep a check on them and what they do with the money so it's not wasted like AIG seems to have done. They'll only come back for more.

Cindy...Ga.

earle,florida   November 18th, 2008 3:15 pm ET

What gives this particular auto-industry star status. It ain't work-in, and hasn't for decades. Every industry," including manufacturing",has gone oversea's. Not one politician ever raised hell over their demise,and what this country has excepted as a replacement industry is the, "service sector", and "government jobs"(largest union in the world our US government) as our ,quote,"Dynamic Society", rolls over! Listen up folks,Toyota, Honda, and other foreign car manufacturing plants working sucessfully in this country, our here for one reason, to make money, and that means giving the public what they want. I've done the math,$25 Billion USD, every twelve/eighteen months times(x) infinity for years, is a sink hole! Please don't let the politicians fool you with foreign subsidised companies,and to big to fail with so many to loose their jobs ,argument dire consequences! This is how innovation springs eternal, and american ingenuity gets it's groove back. Finally ,let's abolish the bankruptcy laws ,and go back to the early 1800's?PS It's seems we've been going in reverse in this country for a long, long time....

Emily   November 22nd, 2008 6:07 pm ET

And whose to guarantee that the $25 billion will last the automotive companies until our economy is on it's feet again and selling more cars? GM alone will gobble up that $25b in no time.

If the $25b is used to stay afloat, then will they not have invested in innovative technologies? Then, foreign cars will surely outsell them anyway.

Is giving them $25b really going to save them or is it just prolonging the inevitable?

Leave Your Comment


 

Comments are moderated by CNN, in accordance with the CNN Comment Policy, and may not appear on this blog until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.


subscribe RSS Icon
About this blog

A behind the scenes look at “Anderson Cooper 360°” and the stories it covers, written by Anderson Cooper, the AC360° staff and a network of contributors. Insight you can’t find anywhere else.

We search the news each day to show you what’s on our radar and what we’re planning for the show each night.

For more details, read our tips on how to win 360° approval for comments.

Send your instant feedback to Anderson Cooper 360°.

Featured Contributors
Candy Crowley
Candy Crowley is CNN's senior political correspondent and an AC360° contributor
David Gergen
David Gergen is CNN's senior political analyst and former presidential advisor
Roland S. Martin
Roland S. Martin is a nationally award-winning journalist and AC360° contributor
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
Home  |  World  |  U.S.  |  Politics  |  Justice  |  Entertainment  |  Health  |  Tech  |  Travel  |  Opinion  |  Living  |  Business  |  Sports  |  Time.com
Podcasts  |  Blogs  |  CNN Mobile  |  Preferences  |  Email Alerts  |  CNN Radio  |  CNN Shop  |  Site Map
© 2009 Cable News Network LP, LLLP. A Time Warner Company. All Rights Reserved.
Powered by WordPress.com VIP