The top dogs at GM, Ford and DaimlerChrysler are meeting with President Bush tomorrow to ask for help as the auto industry continues to flail.
What do you think: Should Bush offer the Big 3 a break or should they have to deal with the industry themselves?
Share your comments.
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Companies should build products in a manner which turns a profit. There’s no reason that corporations that have been around as long as the American automakers should need taxpayer charity.
Its your money, folks.
Aaron, the big three aren’t in Washington asking for handouts from the Federal Government. They’re looking for a better trade policy from the federal government. Our current trade policy is terrible for domestic auto manufacturers and is allowing foreign competition to have a very unfair advantage.
I’m just as much of a fan of the free market as you are, but if we’re going to let our federal government dictate trade regulations, we ought to let them dictate them in favor of our producers, not necessarily, our consumers.
I feel as if nationalized health care will probably be on the agenda of topics they will talk about.
word i got was that the meeting would be no longer than 45 minutes and the topics would be dictated and revolve mostly around alternative fuel sources and the discussion of health care and such would not be allowed.
Great comments, guys! Tom, I do know that the trade policies are hurting domestic automakers and the issue is on the agenda, but I did see something last night on the news featuring John Dingell talking about automakers’ health care woes, so I am wondering if both topics will be discussed. No doubt, health care is a big burden on the Big 3, but in my opinion, that’s their issue, not the government’s. Trade policies, on the other hand, are goverment issues and I think it’s at least worth a shot for the Big 3 to explain to the commander in chief why the current trade policies are hurting them.
A few years ago when I was at MSU, I took a course in American Business History. One of the required readings was a paper written by Lee Iaccoca. He was particularly frustrated with foreign trade policies, particularly those of the Japanese. For example, we allowed unlimited imports of Japanese cars into the US, however the Japanese did not reciprocate and put stringent quotas on American imports to Japan – putting our manufacturer in an unfair situation.
There’s lots of politics involved in international trade relations, so I’m sure it’s more complex than simple quotas. Trade policy should be the priority of US Automakers, especially as globalization increases the standard of living in places like China and India – current and future consumers of automobiles. We got locked out of Japan and Korea, let’s not get locked out of China and India. The only people that can prevent this is the government, since they are decisively less free-market in China and India, etc.
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