Monday, December 08, 2008

Getting into the car business

marjorie says...

Yes, I stole from the Huffington Post, which leads this morning with "Getting into the car business." The NYT mentions a "car czar." Senators are saying GM's CEO has to go. Well, that's what you get when you go looking for money--someone becomes your boss if it's a big enough chunk of change. I don't know if you guys have noticed, but the newspaper industry is having a moment also. I think the government is right to take a hard line with the auto companies given that those very same companies have stood in the way of more fuel-efficient cars for so long. At the same time, we need to save our automobile industry if the problem ultimately is a domino effect from the credit crisis. Too many jobs are on the line.