It's interesting the letter is complaining about the failure of free market economy when in fact it's the very definition of capitalism at work - market darwinism at its best. Although on a personal level, it is always a sad story when someone's life work fails. But the author is completely unjustified in his claims. He has a store, that sells a failed product noone wants. Why shouldnt the store fail, and how is it not his fault. It's completely the author's fault that his store failed. He chose to sell this failed product, and he didnt take any action to change, before it's too late. Blaming the government is pure lunacy, the government did not make chrysler fail, it simply refused to bail it out further with more taxpayer money That is free market economy, the very thing the author is complaining about. Bottomline, your only product went bankrupt, what do you expect to happen to your store that sells it. I feel sorry for the owner on a more personal level, but have no pity for what happened, it is the way the market suppose to work. Weak fail, so strong can succeed and thus how progress is made.
on that model of caddy they put the starter inside the engine under the intake manifold. pure idiocy.
BTW, if I could buy one of these.....I would buy 2 of them!!! http://www.autoblog.com/photos/2009-focus-rs-in-blue/1214356/ I do agree Honda builds a great car but their styling lately has been a bit off (Accord.....or anything over at Acura!). Toyota does nothing for me (IS350 of the Lexus brand is nice but too darn small in the backseat) and their quality has been slipping. I am an Audi driver and fanboy myself.......I LOVE the new S5 and the R8 is brilliant! I have not owned an American car in many years but I am starting to see some life at Ford.....I hope they can hold on!
So I gather his complaint is that his business was kept alive too long with all the bailout dollars handed to GM and Chrysler?
The guy's dealership didn't fail, it was taken from him. For all we know, he could have been well into the black every year he was in business. Worse, his dealership could very well be handed over to one that's not as well run then his. Now, if Chrysler was really allowed to fail then both the union and every single one of their dealerships would have been second in line to senior creditors. But, due to government intervention, that's not what's happening. Calling this "market darwinism" is laughable.
He was taking on inventory to get "incentives" that were 100% financed by taxpayers. This is the walking talking definition of failure.