Friedman: Death of the American Auto Industry

The American auto industry missed a huge opportunity to get ahead of the curve by producing energy efficient vehicles. But by doing so would have reduced the profits of those in the oil industry. The result is the not so slow death of the American auto industry. Americans love their vehicles. American vehicles are collecting dirt on dealer lots.

A very dear friend's daddy owns a Chevy dealership. It is dying a very slow death, despite all attempts to save this family business. I asked my friend, if his daddy owned a Toyota dealership would he be ok?

My friend patiently responded, "Absolutely."

Enough said.

A booming economy, Chrysler slashes jobs

For these 13,000 folks who will lose their jobs and benefits in the next two years, the economy is on fire. These folks will not be buying cars, homes, clothing and other luxury items such has health care.

I am sure the folks who mismanaged the company will be fired with a platinum parachute.

Walmart is probably hiring.