American likes to talk about free market.
They used to criticize third world countries’ governments for subsidizing their farmers, manufacturing sector and etc.
However, their privately own public listed company is like a crying baby asking the government to bail them out. Isn’t that violating the rules of free market?
Read these news today:
GM's stock first fell after the automaker said its sales plunged 41.3% in November. The automaker then presented its plan to return to profitability, saying it would require up to $18 billion in federal money.
And these:
Away from the Dow, Ford Motor Co. said its sales slumped 31% in November. It then asked for $9 billion to return to profitability by 2011.
They should let the market decide the fate of these automobile giants if they really appreciate the spirit of FREE MARKET!
Perhaps, it is time for Hongqi to replace Chevrolet and Ford car.
0 comments
Post a Comment