Driven to the Poor House:
All the news recently has been about the American auto industry and its colossal failure to adequately plan for the future. President Obama has agreed to push for more bailout money for GM if they can get their act together within 60 days and their boss takes his multi-million dollar retirement. Chrysler, a company that most of forgot even existed, has just 30 days, and they've got to get into bed with Fiat, another company that most U. S. citizens didn't know existed.
In the meantime, a European idea that tries to bailout the auto industry from the bottom up is taking shape. How about trading in your old (pre 2001) gas guzzler for a new, fuel efficient car and receiving a premium trade in value, say something in the neighborhood of 4K? Well, if you still have a job and you haven't been evicted from your house and if your credit card debt isn't eating you alive and your employer is still covering you with health insurance, this might just be your opportunity to go from that old pick up truck or SUV to a car that gets mileage as good as cars did thirty years ago. (See The New York Times' story.)
All the news recently has been about the American auto industry and its colossal failure to adequately plan for the future. President Obama has agreed to push for more bailout money for GM if they can get their act together within 60 days and their boss takes his multi-million dollar retirement. Chrysler, a company that most of forgot even existed, has just 30 days, and they've got to get into bed with Fiat, another company that most U. S. citizens didn't know existed.
In the meantime, a European idea that tries to bailout the auto industry from the bottom up is taking shape. How about trading in your old (pre 2001) gas guzzler for a new, fuel efficient car and receiving a premium trade in value, say something in the neighborhood of 4K? Well, if you still have a job and you haven't been evicted from your house and if your credit card debt isn't eating you alive and your employer is still covering you with health insurance, this might just be your opportunity to go from that old pick up truck or SUV to a car that gets mileage as good as cars did thirty years ago. (See The New York Times' story.)
Labels: The Economy
posted by Jim | 11:52 AM
1 Comments:
Unless you're watching a W-B tee vee station for so-called news coverage, in which case it's simply "all crime news, all the time." WBRE, for example, must have a couple of camera crews out around the clock whose sole job is listen to a radio scanner and pick up on police calls. Never mind issues that really matter, like clean water, clean air, etc. etc.
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