tag:blogger.com,1999:blog-11015870.post7028749432312896162..comments2023-11-03T08:29:56.308-07:00Comments on Economic Trends: No Bailout for GMErnie Gosshttp://www.blogger.com/profile/04960355803509595037noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11015870.post-79614958250563755412008-11-15T19:57:00.000-08:002008-11-15T19:57:00.000-08:00Wrong again Ernie Goss. I just spoke to an intern...Wrong again Ernie Goss. I just spoke to an internationally renowned business consultant today who specializes in private equity. To be brief, after he explained the complexity of the auto industry and the other industries that are connected with it, his conclusion was that "hopefully nobody is stupid enough to not support an auto industry bailout." Today I learned that Ernie Goss is part of the "stupid enough" club.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11015870.post-62876074614320859192008-11-12T16:41:00.000-08:002008-11-12T16:41:00.000-08:00The bailout would not only narrowly help GM and Fo...The bailout would not only narrowly help GM and Ford but more importantly provide an opportunity to lead the way in auto manufacturing into green energy. <BR/><BR/>The benefits of green energy are numerous. First, it allows the U.S. to reduce oil and carbon emissions responsible to a degree in climate change. Second, it will allow us to reduce oil consumption thereby reducing money sent to middle eastern countries who do not share in our goals. Third, and most important, U.S innovation in green energy will allow us to have a distinct advantage over other economies. <BR/><BR/>The helping hand in this case would be the government loans as governments can afford trial and error where businesses cannot. Once the solution is found, we can start to make the markets to supply it. <BR/><BR/>I recently finished "Black Swan: The Impact of the Highly Improbable" by Nassim Taleb. Who'd of thought the black swan of globalization would be adversely against ourselves. We've taught other countries precisly the stuff which kept us at an advantage. Now we have an intellectual race with countries never seen before to be competitive. <BR/><BR/>GM, Ford, and Chrystler's financials paints a pretty grim picture. They certainly are taking a beating. This tough road these companies are on though is mendable. <BR/><BR/>The path to help the car companies is tough. But look on the bright side, the road is much easier than Investment Banking Blvd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11015870.post-84017311222427636242008-11-12T13:21:00.000-08:002008-11-12T13:21:00.000-08:00agree 100% Ernie!agree 100% Ernie!Anonymousnoreply@blogger.com