国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Youth

Transfusions don't stop auto industry's bleeding

China Daily | Updated: 2009-03-31 07:51

The federal government now wants to shore up ailing auto suppliers with a $5 billion bailout, despite a rising chorus of criticism against more government bailouts. The public is beginning to see bailouts as "transfusions," rather than a closing of the wound, and is losing patience with them. The "wound" is falling housing values and toxic mortgage-backed securities which have paralyzed financial markets - not the auto industry.

Transfusions don't stop auto industry's bleeding

The hastily approved $787 billion "stimulus package," including aggressive spending programs unrelated to declining home values or the constricted capital markets, is tantamount to administering repeated, expensive blood transfusions rather than stopping the bleeding. Of course, if the blood flow at the wound eventually coagulates (one day the economy will rebound) then the transfusions can be claimed to have worked. But the delayed cure would have come at a crippling cost to the next generations of taxpayers.

Concerning help for "Detroit," there may be no manufacturing industry more fundamental to the US economy than the auto industry, accounting as it does for more than 10 percent of American jobs. Detroit is not without fault, but it has been dealt a lethal blow by the consumer credit crunch which it did not create. At a nine million-plus vehicle annual selling rate (three million below the scrappage rate), no auto company, American or foreign, can survive. But bailouts, a few billion dollars at a time, first to the auto manufacturers and now to suppliers, are both a political and business nightmare.

Transfusions don't stop auto industry's bleeding

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
怀宁县| 高雄县| 广德县| 凌源市| 江城| 连平县| 上饶县| 海宁市| 怀柔区| 文山县| 永康市| 延川县| 鄄城县| 安新县| 罗定市| 股票| 海南省| 桦甸市| 达州市| 西乌珠穆沁旗| 连云港市| 石泉县| 乌拉特前旗| 天津市| 汶上县| 渭南市| 扎鲁特旗| 龙山县| 德江县| 呼伦贝尔市| 陆丰市| 观塘区| 绥化市| 卢氏县| 定安县| 琼结县| 乌什县| 股票| 芮城县| 桐城市| 密山市|