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stephan |
| 11-15-2006 |
it probably is a bailout. Yesterday the CEO's of GM, Ford and Chrysler had a meeting with Bush to discuss the pitiful state of the US car industry. Ford's chief executive, Alan Mulally, said: "The question was asked [by reporters] were we interested in a bailout. Absolutely not; we really believe the action starts with us. We're taking action to restructure the industry." Right, now pull the middle one, it plays waltzing matilda.
I think that it is a scandal that as long as your business is big enough you can mismanage to your heart's content, safe in the knowledge that the government will bail you out. Using taxpayers money, partially collected from small businesses!
So what did the three claim they CEOs want? Just a little help in pushing up the Yen. Great!
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Ian |
| 12-01-2006 |
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The mighty Jeremy Clarkson was on Radio Five today talking about American cars. He reckoned that the nub of the problem was that American cars are just rubbish compared to European cars. That's why they're not selling. Sounds plausible. |
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