I think Mitt Romney was right on except for one point - I don't think engineering and development in the US is as good as it should be. In fact, this is why the Japanese are beating the US automakers.
Having worked with the Japanese automakers for more than 25 years (developing product for them) it has become apparent the Japanese know many more details about what entices consumers to buy, and how to deliver.
The US automakers can reverse the trend but it won't be easy. They need to do what their Japanese counterparts have been doing over the past 30 years.
More in the book, "Becoming Re-Successful", available at Amazon, or at the publisher http://www.lulu.com/content/4339719, or at http://dskouson.blogspot.com
Demeron
of AZ
@
Nov 21, 2008 01:55:34 AM
Automaker Bailout
Why doesn't the BIG 3 ask the Oil Companies for a 25B loan?
That's what the oil companies profits where last quarter.
What other kinds of companies are going to come running to congress with their hands out?
Both Wall Street and the Big 3's problems were self inflicted, it wasn't my fault as a hard working tax payer so why should I have to pay for it?
Mike of DC
of DC
@
Nov 20, 2008 18:58:34 PM
Auto industry bailout
We should not bailout the auto industry, let the market correct itself. I do not want any of the money to go to the CEO or auto unions.
Tom roby
of
@
Nov 20, 2008 18:34:17 PM
Subsidizing the Jobs Bank
The historians should come to believe that it was definitely over when the government reached into the pockets of hard-working citizens to subsidize behemoths who had willingly agreed to pay people for absolutely no production.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Demeron of AZ @ Nov 21, 2008 01:55:34 AM
Mike of DC of DC @ Nov 20, 2008 18:58:34 PM
Tom roby of @ Nov 20, 2008 18:34:17 PM
Keith of IL @ Nov 20, 2008 17:26:04 PM
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