Fatal Crash: why the american auto industry must be saved
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...
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Filed under: Bailout Turmoil • Economy • Finance • Raw Politics |
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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?
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....
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.
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.