Labor & Economic News Blog
Monday, December 01, 2008
The Policies That Ruined the Auto Industry
The Policies That Ruined the Auto IndustryA lot of people are angry at the Detroit Three automakers, including many members of Congress. And why not? GM, Ford and Chrysler seem still too bloated and old-fashioned, their workers too pampered. For too long the carmakers have failed to design and bring to market the smaller and more fuel efficient vehicles we now want to buy. Yet it is important to put the blame where it really belongs, not on management or labor, but on Congress.
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