You've got a bigger spread for diesel than we have here in MN. Americans do seem to have a short memory, and a short term focus, which I think explains how we got here in the first place. If only Wall Street rewarded companies that have a viable 10 year plan instead of a good 3 month plan, I think the world would be a very different place.
I think at this point, it appears too late for GM, Ford, and Chrysler. A (Socialist) bailout might keep them afloat for a while, but it won't fix the fundamental problems they have or are facing, and letting them go Chapter-11, while the Capitalist thing to do, is likely to leave things totally destroyed for years to come. Without a large competitor that's willing to buy up the pieces, it seems like millions of people are just hosed. They're not the kind of companies that can be "employee owned and operated". I can't see Toyota, Honda, BMW, or Mercedes deciding that they want to buy up any part of GM, Ford, or Chrysler, and who can blame them? Did the unions asking for too much in the good times, and management unable or unwilling to plan for the long term because of Wall Street expecting instant growth, coupled with a credit bubble popping leave them in a position where they're unable to recover? Mark On Fri, Nov 14, 2008 at 11:06 AM, Ken Bogart <[EMAIL PROTECTED]> wrote: > Todays price for Unleaded gas was $1.69. Diesel was $3.49. (local > Mobile station) > > I know the diesel price is artifically inflated, but I don't > understand it. There is no valid reason other than "everyone else is > charging more". > > While I am happy that the price of gas has dropped, I am afraid that > Americans have a short memory. We finally got shocked into thinking > about fuel economy again, but that will fade out fast with the return > to these low prices. Perhaps this will help GM and Ford with SUV > sales... > > KEN >
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