Wednesday, November 19, 2008

Bailout Detroit? Part II

After discussing this issue with others, I have come to the conclusion that this is not like bailing out the banks.

The banks are the focal points of this economy. They are the ones that allow people to loan money, make money, and make purchases of houses, cars, and boats. They stimulate and keep it chugging.

The auto industry on the other hand, does is only part of the economy. They might employ something like 1.5 million workers and keeping them at a job is important, but that isn't the issue.

The issue is that they have to rejuvenate, remodel, revolutionize, and retain their spot in the auto industry.

They should be able to sell green or efficient cars inside and outside the United States just as well as Honda, Toyota, VW, BMW, or Hyundai.

A load of cash can only do so much, and it definitely will not change the management or the unions.

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I am writing this blog as a hobby and to share my projects in electronics, programming, and engineering.