A Government Owned Auto Industry?
It’s a bit misleading to claim that GM & Chrysler are now government controlled. The government may be the biggest current investor, but that isn’t quite the same as government controlled.
OTOH, if it IS government controlled, that should be very scary for anybody still employed there. Recall that fifteen or so years ago the IRS took over control of the “Mustang Ranch” in Nevada. The IRS is not allowed to put people out of work when they take over a profitable business, and yet they managed to run it into the ground.
If the US government can’t make money with a whorehouse, how can they be expected to run a car company?
March 18th, 2010 at 7:36 pm
It’s a bit misleading to claim that GM & Chrysler are now government controlled…..
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