tag:blogger.com,1999:blog-16886433.post5650236420547540917..comments2021-05-19T22:44:00.955-07:00Comments on Carfree Tokyo: "No" to Bailout for AutomakersUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16886433.post-12360887031924160572008-11-11T06:48:00.000-08:002008-11-11T06:48:00.000-08:00Yes - I cannot agree more. This does not bode wel...Yes - I cannot agree more. This does not bode well. The decline of the US "automobile nation" is not a short term phenomenon coming out of the credit crunch that can be fixed with a few cheap loans and all will be hunky dory. It is, I am convinced, a fundamental world-wide rethink of the long term viability of the whole automobile economy with US automakers at the epicentre. People may still want to ignore it, but it's happening already - auto has become a sunset industry in the US, Japan, and most of Europe, and my bet is it may very soon be worldwide for reasons totally unconnected with the credit crunch. There might be an argument for US handing out helicopter loads of federal money to permit an orderly decline rather than collapse of the industry in 6-months, but just remember, "you're gonna pay tomorrow" as the song goes. Even if they manage to retool, any hybrid or EV market that develops will be a far cry from the scale of current auto markets. Government money will not be well spent propping up these industries that are failing, and frankly should be allowed to fail.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16886433.post-38323955602147819732008-11-11T00:17:00.000-08:002008-11-11T00:17:00.000-08:00And I found absolutely regrettable the fact Obama ...And I found absolutely regrettable the fact Obama asked to -still- president Bush all the possible support for the automotive industry. It's a very bad first sign from "the president of The Change".<BR/><BR/>Regards!Taniahttps://www.blogger.com/profile/09339047082177444314noreply@blogger.com