Another pompous rant from this arrogant journalist.
Hey Nancy, Hey Tom, Hey "O", Hey Richie: You don't know how to make or market cars!
Explaining away the legacy costs (read Union) by faulting the industry for not supporting "universal health care", is outrageous.
I think what the government needs to to is to "help" the real estate industry and golf industry. They should take over and decide how much golf pros and agents make and pretty much run their business. They are much better at it than "you know who's".
Nobody makes better cars than the "car industry", who will make up the car industry is TBD.
This is not raising marginal tax rates, this is full fledged socialism.
LET THEM FAIL
Op-Ed Columnist - How to Fix a Flat - NYTimes.com
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2 comments:
For a card carrying liberal Friedman comes very close o a good answer. He describes exactly a bankruptcy filing, except for the fact that he prefaces it with, "in return for any direct government aid,..."
No government aid is necessary. The Big Three have plenty of valuable assets. There will be buyers and there will be capital. And if Detroit builds a competitive car, Americans will line up to buy it.
Hags
Friedman is my favorite columnist, along with Krugman.
He was on CNBC this morning and he impressed Mark Haynes (who drives an SUV) so much he said he'd vote for him.
Friedman makes a very compelling case with respect to energy and the environment.
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