This year has been a very strange one for the US economy, dubious home loans lead to a credit crisis which pushed oil prices skyward, changing Americans driving habits, housing starts dropped off the map, and now the auto industry is broke despite oil prices dropping due to flagging demand. The talk in the news is that the government may stage their third bailout (remember the economic stimulus?) of the auto industry.
The concern is that if the auto makers fail, the resultant job loss will further put the economy in a tailspin.
The Kodiak Perspective is of a different mind though. Americans used to be leaders in new ideas, such as the assembly line which allowed Henry Ford to make the automobile affordable for the common man. Now we cling desperately to a dying industry. If the automakers fold, Americans will still want to be mobile. An open field may spur new ideas and that next great idea will be found. The automakers resistance to change has been their demise.
America needs another Edison, Whitney, Colt, or Ford for the American dream to continue. Let’s see what happens.
True words.
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“It is not easy to forgive, because in quiet moments one says: “Yes, this
has done me all the colors but I too have done many. Better to forgive to
be forg...
3 years ago
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