Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Thursday, January 14, 2010

The American Auto Industry Is Done

If the U.S. government wasn't owed so much money these companies would dead right now. It was so bad last year that Chrysler sold fewer than a million cars. The last time they did that was in the 1960's when the population was half the size it is today. It is only a matter of time before we are making another loan to these fossils just like we continue to do with AIG, GMAC, Fannie and Freddie to keep them afloat.

Sorry folks but bad companies have to go away so that the can make room for new companies. I would have rather seen the Auto loans go to a company like Tesla, which is the future, rather than to a company that has had to be bailed out twice by the U.S Government.


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