Friday, December 12, 2008
What's next for Detroit
It seems that the White House is about to do something to help GM and Chrysler. The problem is that after they spend tax payers' money, they will be gone. Nobody can be held for responsible for tax payers' money.
The American auto industry need a revolution through proliferation of innovations from many smaller firms. Give money through a incompetent government to incompetent management teams is not a solution to the long-term problem of energy and environmental challenges.