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Auto Industry Bankruptcy Play

2008-12-19 17:03:00

Auto Industry Bankruptcy Play
I was happy to read that President Bush gave tons of money to the Auto Industry today. I think everyone knows these companies are going to file Chapter 11 Bankruptcy, and this is a good way to delay the inevitable and prepare the public.

As a global traveler, I am truly embarrassed by the US auto industry; they are just not a player on the world market. I seldom see USA cars or trucks, unless I am in the USA.

Panajachel, Guatemala
Thursday, December 18, 2008
Travel Journal --- --- Travel Bag Survey

There is an emotional variable to the auto industry, the country needs to prepare itself mentally for Bankruptcy, and this will keep Mom and Pop investors from getting panicky. Moreover, by March all the smart money can distance themselves from the auto industry, sit around, and wait… if the companies look stable they can jump back in.

Just think, I could manufacture cars in Guatemala and pay workers 5-10 dollars per day, and the employees would be happy.

Auto Industry Bankruptcy Play

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