France also makes cars, steel and have such companies as Air bus (subsidized). They see manufacturing as key to the future.
We make cars - GM, Ford, and Chrysler aren't going away, plus foreign companies are still building car plants IN THE US.
We make steel - as said above by another poster, our steel output is higher than it has ever been.
We make aircraft - Boeing, Lockheed, Cessna, Lear, etc.
In recent months, the French government has pressed plans to nurture “strategic sectors” by offering a €2 billion aid package for projects including clean cars, new medicines and nanotechnology. In coming weeks, Finance Minister Thierry Breton will get the ball rolling by establishing the agency that will oversee projects lasting several years.
This is different from our auto bailout...how?
France also plans a clutch of investment funds worth €250 million to nurture start-up companies and encourage them to stay in France rather than seek capital abroad, where foreign firms could pilfer homegrown technologies. French officials say these projects will focus on defense, national security and computing.
You clearly don't know about the Small Business Administrations and the loan packages they offer.
A third arm of France’s effort focuses on creating rivals to biotechnology hubs like Cambridge in Britain. The government is running a competition for the most innovative regional and municipal proposals. It must now sort through 105 applications - far more than expected - for a slice of a €750 million pie. Candidates will be short-listed in April and Prime Minister Jean-Pierre Raffarin will approve the winners before summer.
And what are our pharma-companies doing?
They are protecting their industries and trying to get more industry...government used to regularly invest in science and technology...space, computers all of these things began as government programs...we have to bring back industry.
The big three are on the ropes and may not survive. They need more money and who knows if they will get it...another industry destroyed by trade and stupid government regulation (cafe). My husband works for GM and will probably be laid off in April.
You mean the loan packages the small business administration used to offer...why is this not socialism? It’s government giving money to business.