Don’t Buy Cars from the Red AmeriComs
The federal government is going into the car business. Note how ridiculous this remark sounds: “This administration has no desire to run an auto company on a day-to-day basis.” Of course, it will have to keep tight control over the management, since the managers will have little incentive to generate profit, because any loss will be covered by taxes.
This is still more evidence that we are living in an interesting time when the USA is on the decline. I don’t believe the decline will be stopped.
Posted: April 28th, 2009 under Economics.