Should the Big Three Be Allowed to Fail?
Contrarian Profits (December 8th, 2008) Writes:
The fact that after over 30 years of consistent mismanagement and decline, there is still any discussion on whether or not we should allow the now significantly smaller “Big Three” automakers to fail is clear evidence that Washington has lost all common sense. Why, when after more than three decades of continuous restructuring, GM, Ford, and Chrysler have not been able to change their culture, high-cost basis and ill-conceived strategies, does anyone believe yet another break would change anything? Are they going to be better off next year, or the year after that, or even five years from now? Just because their situation has become even more precarious, it doesn’t mean that they will be more successful going forward… more likely the opposite.
“The definition of stupidity is doing the same thing over and over again and expecting different results,” said Albert Einstein.
The best thing that could
...Albert Einstein, Bill Sec;, car makers, Car Sales, Carolinas;, Center for Automotive Research, Congress, contrarian profits, Depression, Detroit, far banking;, Ford, Honda, Hyundai, Market Commentary, Obama administration, overseas suppliers;, Senate, Tennessee, Toyota, unattractive gas guzzlers;, United States, USD, Washington


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
