We have an oil bubble and what do we do. We layoff tens
of thousand of workers.We destroy the only part of the U.S.
auto industry that was profitable.Also,we further destroyed
the aviation industry,if that’s even possible.
I forgot all about the airlines. Oil is on the way down but it may not come fast enough to prevent the insolvency of some air carriers. Ouch!
The reason the US auto industry has been destroyed is unions. They all came south to non-union shops. I’m ok w/that. now the liberals from the north are coming down south and screwing up what works.
All you have to do is look at the red/blue map to figure out where government policy/taxes have killed industry. they are flocking from the NE states, Ohio, Michigan and California because of Unions and outrageous tax rates.
GM and Ford also tend to be behind the curve when it comes to technology in the auto-industry.