>> “If they don’t make smaller cars, and their market dries up because people want smaller cars ... DON’T BAIL THEM OUT.” <<
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But people do not want smaller cars; they’re unsafe and useless.
People want their trucks and suvs to get better gas milage. That of course would require some engineering, and leave the people safe and mobile, neither of which Obama wants.
Yes, I know. People don’t want smaller cars now ... so the auto companies should build what people want to buy.
However, people did want smaller more gas efficient cars back in the 70’s oil crisis and the auto companies failed to build them. Japanese cars sold wll and US companies lost out because they did not correctly anticipate the demand for smaller cars. But did they go out of business? NO. We bailed them out.
Same deal today. Auto companies have to know their market (and predict changes in demand if there are any). If they do not, or miss the trends, they should NOT BE BAILED OUT.
My question: How many times are we going to bail out the auto industry?