- Aug 27, 2008
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Given the fact that we completely screwed over our own auto industry by crafting policies which punished them, while rewarding foreign car makers who imported cars into this nation, I think it's probably time for us to pay back that debt we owe them, don't you think?
When the economic policies allowed (for example) Japan to DUMP 4,000,000 cars into this nation, while Japans tariffs saw to it that at druing the same period, we exported only 4,000 American cars into Japan, I'd say we owe the American Auto industry some help.
Of course that's just me, you know, an economic nationalistm talking.
I'm not as smart as Austrian economists who believe that bankrupting a nation's industrial base is wisest economic policy a nation can persue, or anything like that.
Or perhaps we could stop the regulation that you say hampered them? Which is part of the problem to be sure, the other part of the problem is that foreign auto-makers simply produce a better car. Bailing them out isn't going to make them any more competitive, it's only going to delay the inevitable at the expense of American taxpayers.
Right, Austrian economists want to bankrupt GM, Chrysler, and Ford. You used to argue with logic, rather than twisting meanings and sarcastic comments. The fact is that if there is not enough demand for your product then you are going to go out of business. This is how it works in Capitalism, not everyone can be a winner.