Reading the national news and I see that bush wants to fight over the giving of financial aid to Detroit. That's a tough one for me. Where do I stand? Personally, I think GM, Ford and Chrysler deserve their fate. But the workers don't. I wouldn't mind seeing some aid given, but I would think that 'strings' must be attached. Such as; CAFE standards must be raised immediately and the 'light truck' category must be included in with the passenger cars. No discussion allowed. All new vehicle development must be focused on economy and alternate fuels/power. That's it. If not…give Toyota a call.
Wednesday, November 12, 2008
For Sale
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This issue affects Canada too, the Detroit Three are looking for Canadian govt bailout money too (for their plants in Canada). My only hesitation about refusing bailouts is the same as yours, the employees, but won't most of them either continue on with whoever buys up the fire-sale remains of the Big Three, or else be picked up by Asian auto manufacturers who move in to fill the vacuum left?
ReplyDeleteNorth America is still one of the biggest markets for cars, it still makes sense to manufacture cars here rather than ship them in from elsewhere. The auto-makers of other countries are going to see that. In Canada we're kind of used to being a branch-plant country (proud as hell of our home-grown industries and companies, but used to the branch plants which make up the majority of big corporate workplaces), the USA might have some difficulty adjusting to that status, but in the end it still means employment and a regular paycheque.
America needs to wake up to the fact that there are other players in this game. And as you point out, those other players will fill the void.
ReplyDeleteThe global economy is real and won't go away.
And someday... we will all realize that we live on one planet.