I Hate to Be Right !!

In one of my previous post I spoke of how cash for clunkers was a bad thing for the future of the American car industry. I said that the car industry would suffer a major slump in sales. Well the latest new is that car sails for the month of September is that sales are down forty three percent for General Motors and down thirty seven percent for Dodge. The only American car company that really isn’t being hit that hard is the Ford motor company! They are only down by five percent. Now what can we expect our co-owners of General Motors and Dodge to do? Is our government going to dish out more money, are they going to allow them to finally go belly-up? Well my non-educated guess is that we are going to hand them more money, which we will have to take out of the stimulus money. This should give the Union a boost but, will do nothing for our general economy. I really hope that we will finally let them go into bankruptcy. Let the natural process of the capitalistic system finally take its toll. Now will this be a good thing? I think so. The market will eventually right it’s self, as it always has. Then when the demand has risen to the point where cars are being bought, Ford Motor Company will grow and grow. They will become as big as General Motors ever was. With two American car builders having left skilled workers in their wake, Ford will be able to hire staff at a discount. This will allow them to build cars at a lower price. And that would be a benefit to the entire nation.

In hind sight I guess I can still say

I Hate to Be Right!