That is more or less what I was driving at. Market forecasts were not that promising and in lieu of the housing market so unstable and people defaulting on loans with no hope of ever being able to pay them (and shame on the banks/mortgage industry for giving them out to those whom were risky) I think those in the auto industry could have done a better job for their own benefit. I understand the housing market was the catalyst in this disaster but like you said, and what I was trying to say is that not only did the auto industry not make vehicles competitive enough to the Japs but they continued to make cars that were gas guzzlers and that had nothing to do with the housing market. What I am trying to say is, amidst some pretty wild economic predictions that ultimately became reality the auto industry was not quick enough to regain their niche in the US auto industry. The smart Japs continued to make efficient yet highly reliable cars (even the Germans). Now all the people that bought homes and defaulting on their payments either had or wanted large SUVs in which gas was so astronomical at the time they were only digging their graves deeper in my opinion.
Now outsourcing that is a whole different story and can of worms. But, free market capitalism will have its winners and losers. That is the risk that you gotta take.
Now outsourcing that is a whole different story and can of worms. But, free market capitalism will have its winners and losers. That is the risk that you gotta take.
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any way i will visit the dr at my uni hospital and see what he says. thanks once again bro
