We will definitely hear a lot about this in the Fall…

Political Moderation

I watched a segment on “CBS Sunday Morning” today. It was on the recovery of the American automotive industry since their bottoming out in 2009. In short, GM has regained its leadership position in worldwide auto sales.

The turnaround in the automotive industry is, in part, due to normal capitalistic economic forces. Being in a stronger fiscal position, Ford managed its recovery without government help. A significant part of the credit for the recovery of the automotive industry, most notably for General Motors, is due to the government decision to inject capital into the failing industry.

Philosophically, I share concerns with the Republican party about the direct involvement of the government in private industry. I don’t know where Obama stands on that philosophy, but based on other policy decisions, I suspect his view is similar to mine. However, in times of crisis, leaders make pragmatic decisions that are…

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