Hubbub

I read that CEOs from the big three US automakers were in Washington DC this week looking for a bailout. The automakers have mismanaged their companies. Despite warning bells sounding over 30 years ago, decision makers failed to pursue a course of long term responsibility. Instead they chose to push SUVs, mini-vans, pickup trucks, and other large, inefficient vehicles.

Because US auto companies directly and indirectly account for a huge number of US jobs, consideration of a bailout is warranted. However, not without strings attached. Read the rest…