First, why are GM, Chrysler (but not Ford) cars going to be crap in the near future? Here’s why:
It’s called CAPITALism for a reason, after all.
…over the last 2 decades, firms are more likely to use debt than equity when relying on external financing. If creditors get tired of getting screwed, the Chrysler debacle and the looming repeat at GM may mark a major shift in the ability of American business to finance operations and growth.
…the government ended up ripping players it needs to play in the future for the success of its programs.
Like most bullies, the Obamabots seem unable to realize that their conduct may have long-term consequences.
Pondering all this, it occurs to me that the single most patriotic thing one could do right now, if one is in the market for a new car, is to buy a Ford.
Read the whole thing.Then read this: