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Friday, December 5, 2008

Bridge to Somewhere

Good morning! I want to catch you up on the car business... D.C. style. It looks as though the Detroit (Big) Three will get a bridge loan. The most interesting aspect of this whole scenario is that the Congress is in charge of it. One thing about politicians, they are not business people and they are not economists. What they are I will leave to you.

The car business employs primarily and secondarily millions of people. It is a huge hunk of the GNP. It buys fuel, plastics, steel, and hardware and software. TONS of it.

Again, if you are anywhere near considering buying a car... do it now. I have never seen dealerships doing this much " river dancing" to move metal. Call me if you need me...

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