Monday, May 11, 2009

Success and failure

Punishing success and rewarding failureThe news read today that president Obama asserted unprecedented government control over the auto industry Monday.I also read that the government would guarantee the auto warranties, my question is a simple one why should ford motors even try to be a successful company when failure is what's currently being rewarded by the United States government. GM and Chrysler should have gone into bankruptcy. Ford motors will now be punished for being successful. This gives GM and Chrysler and unfair advantage over ford.The United States government has seen fit to interfere with capitalism.I would like to know exactly what it is that the United States government is going to do to make this business profitable. The only business that I've ever known the United States government ran and actually made money was the Panama Canal and Pres. Jimmy Carter gave that away.What used to be a representative republic is slowly turning into a government dictating to the people. Why not tell designers what to make, tell manufacturers how much and what to sell. The United States government stepped in to help businesses before, like loaning money to Chrysler in the past, but this money was a loan and was paid back by Chrysler. Chrysler didn't give up ownership or management and because of that they were able to pull themselves out of dire situations and be a viable company (unfortunately there back in the same situation). Ford motor co. decided not to take any bailout money and has been able to stay a float on its own. What is it Ford is doing right that GM and Chrysler are doing wrong, instead of asking for a plan from GM and Chrysler the president should ask Ford their advice on how to be successful, because this president has never run a business, admitted to not knowing anything about economics an is now trying to micromanage privately owned businesses. Welcome to America where failure is not an option and it's not a choice.