Time to Make A Stand
What you have heard for the past couple of months is true, we are in a recession (and if you don’t believe so, you are just kidding yourself). But a certain percentage of this fall is a correction to the corporations that led us to our currently failing economy. Businesses took their profits and turned them into big corporate bonuses, rather than reinvesting profits into improving their products or becoming more competitive. Precious little was spent on new innovations that would have limited the damage from the unforeseen such as this current economic downturn.
Now, auto companies like GM, Ford, and Chrysler are looking at stock values as low as they were more than sixty years ago, as well as facing imminent bankruptcies. Instead of working to make products that everyone could afford and “working smarter, not harder”, they decided to stick to the same old thing. After all, it had worked for the last 50 years. Why change now?
So, instead of improving the quality of their output, they have been falling behind while the dreaded foreign companies like Mercedes and Mitsubishi have been moving forward. Then Ford, GM, and Chrysler complain that foreign car companies have been selling their cars for cheaper, and demand that the government put import taxes on all foreign cars.
Would you like to know the problem? These American car companies have to be forced to move forward. Forced. Are current economic system was not made to drag these uncomfortable liabilities behind with a rope while they try to place the blame on the rest of the world. It is time we stop giving these companies a slap on the wrist and start demanding serious consequences be brought upon them. It is time to cut the rope and let them stand on their own or fall while others may take their places.
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