Here in Michigan, we are going through difficult economic times. The nation is in a serious, long lasting recession but Michigan is in a depression. We are in worse shape than the rest of the states because of poor management of the Automobile Manufacturing Companies, and poor management of our state by the Governor. We need to elect a Governor who understands how to keep businesses and attract new businesses. We need to stop giving billions of taxpayer money to the failing auto companies. The economic damage has already happened so, let the Auto Companies either fail (and be replaced) or drastically reorganize and figure out how to survive. Why reward them for failure? Economic cycles come and go. That is the nature of our free market system. Let nature take its course and we will survive to create the next boom time. Things will get better but it will take some time, and some common sense by our political leaders. I am hopeful for the future.
The Freelance Thinker
Probably a good idea to let Chrysler die; it's been dying for years anyway. Even Daimler couldn't make a go of it.
ReplyDeleteI'd hate to see what would happen in Michigan if they all went under.
Now's the time to buy a car. Unfortunately, my schedule says I buy in 2011. So, you can expect a resurgence of auto demand about then.
Patrick von Fero