The Home Of The Bruce Collins Show

Wednesday, October 29, 2008

When Detroit Comes A Callin'....

Excellent Gas Mileage

General Motors is now reportedly asking for $10 billion in taxpayer dollars to help grease the skids of a potential merger with Chrysler. As the Wall Street Journal Mean Street blog so aptly puts it: "Detroit's decline has been a slow-motion car wreck spanning four decades. GM, Ford and Chrysler have been losing domestic market share for years to Toyota Motors, Honda Motors and BMW. Who actually admires Detroit for its car-making prowess? So, bail out Wall Street and save the global economy. Bail out Detroit and save-well, Detroit. But a bailout won't even accomplish that. It will only further delay Detroit's day of reckoning-and make it more expensive."

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