Monday, February 23, 2009


From an economist's blog:

A Detroit newspaper looked at vehicle registrations to find what kinds of cars the people on Obama's Presidential Task Force on the Auto Industry drove.  Almost none of them drive cars made by American companies.  Almost all of them drive sensible economy cars.  This makes sense.  After all, they are economists.  We care about functionality, not style or politics.

And as the article notes, there is clearly no love for the American auto companies.  Decisions will be made based on how the economy will be affected.  Don't be surprised if the companies are sent into bankruptcy.

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