Automakers struggling to retain America’s support for aid
Abandoned GM Plant
In a recent USA TODAY/Gallup Poll, 1 in 4 Americans say they are for continued government funding for the American automakers. This is down from 61% approval found in December, before the government approved bridge loans for the Detroit 3. According to Porter Stansberry, head of Stansberry & Associates Investment Research, the more people understand what is wrong with General Motors, the less willing they are to support more money from the government.
I see a major flaw in this reasoning, because from everything I read on the Internet, most Americans have no clue what is wrong at GM. GM had 8 recommended buys from Consumer Reports this month, they have won tons of awards in the past few years. Their quality, warranty, pricing and products are better than they have ever been. I am constantly bombarded by people who say no one buys their vehicles, well GM still outsold Toyota last year in the U.S. Toyota barely outsold GM throughout the world, so it’s a bit of a stretch to say that no one buys their vehicles.
Maybe people are against support because they don’t feel that it affects them. I will be posting an article later today that outlines how GM is cutting back, starting with a $800 million cut back in their marketing budge. Think about all of the marketing companies that will be affected, the empty billboards, cable providers will lose out on revenue, magazines and newspapers will lose out on missed ads as well. The affect of people not supporting AMERICA and American businesses is starting to have an affect.
In Japan, people fight to see Japan survive, and to see Japan do well. It’s in their culture. Toyota wants Honda to win, and to see Mazda succeed, because it’s in Japan’s best interest. In America, it’s every man for himself. If I can get ahead by putting you down, then I will do just that. We should be pulling together and realizing that what happens to the Domestic 3, will affect us all. It already has and it is going to get worse until people learn what the true problem is with GM and Chrysler…overall public stupidity. People need to stop pushing the stereotypes that their cars are not competitive and take the time to read the facts. They are safety leaders, fuel economy leaders, technology leaders, and besides that, they employ directly and indirectly, millions of people in this country.
Tags: Chrysler, General Motors, GM, Honda, Toyota
