I really don’t get GM and Ford
They’re asking for loans from the government so that they may be saved. They’re not framing it as a bailout mind you. They offshore tons of manufacturing jobs and yet they sill can’t become competitive? I thought that is what offshoring was supposed to allow you to do? With the current strain of economic ideology that governs America (I don’t agree with all of it)—you’re supposed to become innovative, create new jobs and grow the economy right? Manufacturing is now for the developing world isn’t it? Yet these two have still managed to fail.
If they were able to put back to work most of the people who lost their jobs from the offshoring of manufacturing, and if they were able to create new jobs focusing on the green technologies and alternative energy—then I’d say the loans would be justified. They just haven’t shown much good thinking or any initiative at all.
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