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Read other letters about this article
Some of you guys, with your theoretical, seems-to-make-sense takes on these things... you are annoying, and you will not learn from people who know what they write about. Why do you not read and lean? Why must you snark?
That's okay from somebody who just wants to post. I have done it myself. But it is not okay from national "leaders" who turn out to be ignorant, shallow and greedy at best, who "lead" us down into the Valley of the Shadow of Death.
One more time. Please read my lips: The world auto industry is in trouble because nobody anywhere in the world is buying cars. We are not buying cars because we cannot get auto loans, and because we are poor and scared about our jobs.
We cannot get loans and we are poor/scared because our Neocon Republican "leaders" have allowed the US economy to tank. And that has caused a worldwide recession.
It is not just the North American auto industry. Toyota is in deep mud now, too. However, other countries are helping their auto companies. Germany, for example, because German cars are not selling either. Sweden, for example, is helping Saab and Volvo, even though GM and Ford own Saab and Volvo.
