The crooked bankers and brokers/traders and oil companies were allowed by our crooked government to manipulate the futures oil prices for 3 years or more until the price of oil reach 150 a barrel.
The never was a shortage of oil driving it. It was all manipulations. GM & Ford & Chrysler were doing good until this criminal manipulation.
YET the media & the loathsome NeoConArtist pretend this never happened. Just as they ignore that all new big 3 UAW workers are working for 1/2 wages and have been for some time. They keep saying they need to restructure and downsize.
They have been restructuring and downsizing for 20 years. What a bunch of lying & dishonest media and politicians we have. They say bankruptcy would be the best thing when they know it will put them out of business.
These politicians know it would be the worst thing. But they are sold out to foriegn interest and this false religion they call free trade.
They know Japan & China & Germany have (massive tarrifs) on our autos and all Our products.
automakers would be to have a fair trade were foriegn makers had to pay a tax to sell there cars in this country like we have to in order to sell in their countries.
But they don't care. These men call themselves conservatives and care nothing of the growing military threat of China and it's alliance with Russia.
They don't care the we will have no Steel and industrial strength left to defend ourselves from a Chinese attack once they destroy General Motors and the rest of the auto industry. And they don't care.
No bankruptcy can General Motors bring wages as low as Korea's or China or allow them to compete against German and Japanese cars brought in our country tax free, while the taxes double the cost of the few cars we export and to them.
All the car companies need are loan guarantees for daily operating capital.
Etc. and a tax on imported autos as they do on our auto exports
Whatever comrade...
Free trade has made America great and wealthy. Check history. Take an introductory economics class. Things have gotten worse because of big government meddlers. Our golden age occurred at a time of nearly no limitations by government.
You are pushing the accelerator, but are moving in reverse, as in the wrong way.
The culprit is not free trade or free markets, but government meddling. Think - why would someone move their business overseas in the first place?
Earnest Hollings is not good source. First, he’s a politician. That makes him likely a liar. Second, he’s a Democrat. That is simply confirmation.