Wednesday, December 10, 2008
What's Good for GM is . . .
Gas is down to $1.37.9. Why can't I just enjoy the relief? Why do I feel manipulated? Something's fishy. The big 3 automakers are in trouble and need federal assistance. I wonder how much inventory they have in gas guzzling SUVs and trucks? Do you suppose their sales will improve now that gas prices have hit a five-year low? I don't pretend to understand big picture economics, but it just seems to me that low gas prices have got to benefit the automakers. I vaguely remember light rail systems (street cars) all over the country being converted to buses to the benefit of the auto industry just after the WWII. You don't suppose we're being had again?