Mises Quote

Clock

Hudson

Dec-08
03

From the Tin Lizzie to the Tin Cup

By Henry Patrick

Comments

  1. RHPZero says:

    Two quarters until they nationalize health care? You’re being optimistic. They’ll either have to do it in a week or it’ll never get done once the special interests get involved.

    Even getting rid of their pension and heath woes won’t fix the US automakers. They still have to dump a ton of dealers and state laws won’t let them do that. They’ll still need bankruptcy to get around those laws. Then there are the work rules and too much distrust between the workers and management to make the business efficient.

    The only way to preserve the Big 3 is to ban imports since they’re better made and labor and management don’t hate each other passionately.

    You think unemployment is bad now? Just wait until the Big 3 get their bailout and begin more serious restructuring. They can’t start the shutdowns now or they’ll risk the leverage they have with Congresscritters.

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