I am watching the 3 CEOs of the car companies asking for money from Congress. They are sitting like three schoolchildren. Clearly embarrassed, being reprimanded by the politicians and the public.
Very sad. What happened to capitalism? What a sad and painful sight. We have changed as a country, we have changed. Are we seeing ourselves? Are we recognizing the enormity of what is happening?
It will take a few years before the rough waters settle down. At that time we will be a different country. Possibly more humble and more realistic about our strengths.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
Isn't the short term auto problem the inability to get funds from the financial markets to fund operations? This situation is not their making but rather the collapse of the financial system.
Long term -- there are many auto problems to solve - union demands, benefits, productivity, etc.
Ralph
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