GM

Money will not fix General Motors. After decades of poor leadership and mismanagement the company should have a new beginning. The Federal statues has provisions for General Motors to have a cleansing and a new start, and hopefully new leadership. GM management and the UAW are now lobbying for taxpayers to give them money to keep failing. GM and UAW have enjoyed a partnership monopoly for years that did not have to produce or maintain market share. In the 70’s GM’s big problems begin.  GM had 56% of the domestic car market, which was an effective monopoly. The Justice Dept. considered braking off Chevrolet to make a more competitive industry. GM management and the UWA enjoyed their monopoly and had the power to resist the effort. The Government yielded, but it was a short-lived victory for GM and UWA. The Japanese soon arrived in force and were building better and more appealing cars. The rest is history and now present. The Government missed a golden opportunity to break up the auto monopoly and replace it with American competition. Politicians in an earlier era would not have missed such an opportunity.