This post was created a long time ago. I’m just publishing it now.
The auto industry has received a lot of media attention in the last year. I just wanted to jot down my thoughts about bailouts and recalls.
First, the bailouts. Looking back I am glad the gov’t bailed out GM. At the time I didn’t like the idea because 1) it was coming from a fund created for bailing out the finance sector and 2) I didn’t like the idea of bailouts. I didn’t like the “too big to fail” argument. The bigger they are, the harder they fall, but they still fall. I’m glad the fed wasn’t as shortsighted. I’m glad that GM was helped and believe that if the fed hadn’t bailout GM and the financial sector we would be in a much worse situation.
I wish they hadn’t helped Dodge/Chrysler. I’m never been a fan. Even the Viper received little respect from me. When I see my friends driving a Chrysler I point and snicker… well, at least in my head. (Sorry Eric and Hope!)
I’m so proud of Ford! I feel like a parent and my step-child just won the spelling bee! They haven’t been admired by me in the past, but they’ve made some smart moves in the last decade and I’m willing to make ’em part of the family. (In fact, the last car we bought was a Ford.)
Too bad for Toyota
I feel sorry for Toyota. I believe they make quality cars. Even now, after the recalls I’m thinking that maybe I can get a deal now on a Prius with all the bad publicity Toyota has received. The loyal customers are the ones who will probably feel burned the most. I keep wondering how my Toyota-fan friend is feeling. A co-worker I talked to
Toyota employee thinking there was some gov’t conspiracy.
Dodge/Chrysler can die. Snicker and point at friend’s cars.