I may have misunderstood Mr. Obama recently. It sounded like he wants to bail out the big three with some major strings. It sounded as if they will make cars the government wants them to. The implication was small, electric, hydrogen, and hybrids only.
No lesez faire attitude there. No letting the market demand and supplier supply.
Mr. O went on to promise millions of jobs working for the government digging ditches and making roads. How 1930 of him. If we do not remember the past and its mistakes, we are doomed to repeat them - eighty years later.
Where is the change? I heard the hope but I did not detect a change except when it comes to what Detroit will be allowed to produce. Hope gets little accomplished.
'til later
Tuesday, November 25, 2008
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