harsens_rob (harsens_rob) wrote,
harsens_rob
harsens_rob

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The Auto "Bailout", Part II


From someone whose job is not dependent on the auto industry, but can still see the value of having a manufacturing base in durable goods surviving in the U.S. :


First,  haven’t Japanese and South Korean auto companies benefited from enormous government help themselves--and subsidies were the least of it. For decades, Japan--and currently South Korea--kept out American car companies. And the United States turned a blind eye, respecting the desires of these countries to have their own industries. Why should we begrudge our own companies a modicum of what we have tolerated from Japanese and South Korean companies?


The important question is... will our lawmakers get it? I fear to hear the answer.
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