Quote:
Originally Posted by Modshack
The president had NOTHING to do with it....GM's ineptitude and BAD decisions over MANY years had everthing to do with him potentially losing his job...The Gov. is acually trying to save his A$$
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I'm with you. The president is playing a lousy hand of cards dealt to him, and only time will tell if he played it well or not. But the bottom line is that GM mismanagement, greed combined with union greed caused the problem. GM never found a way to respond to quality efficient cars being made by other companies. By the time they started to understand they had already ruined their own reputation and still they did almost nothing to restore it.
People should remember that most so called "foreign cars" sold in America are made in America, using at least some American made content, by American workers, delivered, sold and repaired by Americans. My Honda motorcycle was made in Marysville Ohio by American workers with 74% American made content. By contrast, Harley's only have 71% American made content.
The bottom line here is that this isn't a simple black and white American vs Foreign issue. It is a world economy, and if we don't start competing in that economy we are doomed.
(jumping down off my soapbox)