Posted by NEsota on November 20, 2008 at 20:07:52 from (75.72.251.223):
In Reply to: BIG THREE BAILOUT !!!! posted by bodid1998 on November 20, 2008 at 17:02:34:
Just from my recollection, I believe that following the oil crunch in the early seventies that laws were made to require the average m.p.g. of the big three’s vehicles to improve each year. They thought it more profitable not to comply and lobbied to have these laws relaxed. The foreign auto makers built fuel efficient cars that people liked and took the business away from the big three who built inefficient models that eventually cost too much to own and operate. This was a near perfect storm. Jimmy Carter, with a chemical engineering degree from Annapolis, understood the problem but did not win enough hearts and minds. The domestic manufactures get no sympathy from me.
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