Truemors
Countries with free market economy may restrict import of US cars
Obama thinking how to get around total collapse
Toyota HONDA BMW producing in the US face unfair GM competition
Yet so far, there is no talk of offering aid to Toyota, Honda, BMW or the other foreign automakers that have built factories on American soil, employed American workers and managed to make a profit doing so.
If Japan was doing this, we’d be threatening billions of dollars, J. Garten, professor Yale School of Management
“If Japan was doing this, we’d be threatening billions of dollars in retaliation,” said Jeffrey Garten, a professor at the Yale School of Management, who as under secretary of commerce in the 1990s was one of many government officials who tried in vain to get Detroit prepared for a world of international competition. “In fact, when they did something a lot more subtle, we threatened exactly that,” referring to calls for import restrictions.
World war II tactics, for how long ?
Mr. Garten said he was stunned by the scope of the intervention that Washington was now considering. “I don’t know that we’ve seen anything like this since the government told the automakers what kind of tanks to make during World War II,” he said. “And that was just for the duration of the war — this could be for much, much longer.”
It is hard to measure just what kind of chances Mr. Obama may be taking with this plan, in part because so many parts of it are still in motion.
Innovation grounded by State driven economy
Why should one car manufacturer go for difficult innovation and the other one just cries for government aid. The first one to be grounded by the second non-innovative. So far theory. In reality the Bailout money allows no innovation. It kills America's free market economy. When the car industry is dead, finally the budget for bridge repairs showing up, called Autobahn-Highway employment. This was 50 years ago true, today other technologies need to be industrialized.
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