Re: which big business
Author: Left Wing Train Nut
Date: 12-08-2008 - 21:59
Got Nuthin' Wrote:
-------------------------------------------------------
> Dave Smith Wrote:
> --------------------------------------------------
> -----
> > It is amazing that what happened to the US
> > railroad industry circa 1970's is being
> mirrored
> > today by the US auto industry. Government
> forces
> > regulations that slowly strangle the industry,
> > then the government "bails out" the industry it
> > helped to destroy in the first place! If GM,
> > Ford, and Chrysler get their bail out money
> (with
> > the predictable strings attached), look for all
> > three to fail miserably in about 5 years from
> now.
>
> If government regulation is responsible for
> destroying GM Ford and Chrysler then how do you
> explain Toyota and Honda's success; aren't they
> subject to the same big bad government regulation?
interestingly GM in Europe, where there is far more government regulation... is making money hand over fist... 'splain dat