What the country really needs, apparently, is an automobile industry that is rolling out highly fuel-efficient cars, from the cleanest, safest, unionized factories in the world, made by highly paid workers with excellent health and retirement benefits. Of course, the production process needs to be inexpensive and efficient, too, so that the cars are competitively priced and can attract consumers who might otherwise gravitate toward bigger and heavier vehicles.Gee, why didn’t Rick Wagoner think of that?
Arrogant, ignorant idiots.
Capretta remains optimistic for the long run:
Fortunately, in time, it gets easier and easier for politicians to walk away from the whole mess. Consumers continue to spend their money on products they actually want, for the prices they are willing to pay. Successful and profitable companies hire up workers who have left unsuccessful and unprofitable ones. The marketplace adjusts. End of story.
I hope he's right, and that Obama and co. don't do irreparable damage in the meantime.