When Industry Bubbles Pop

We shouldn’t be surprised that the auto industry is in a crisis. Many industries have formed a bubble and the bubble popped. History repeats itself over and over.

So the leaders of this industry have some tough choices to make. And they don’t have to make them in a vacuum. They can look at events in other industries and find out what the surviving companies did. Can they do the same thing or something similar to remain viable? Or are they going to continue to try to do the same thing they are doing now and run their companies into the ground?

Have they really been paying attention to the market? With so many people in danger of losing their homes, are they going to be buying a new car this year?

Something to think about,

Laura
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Auto Bailout and My Taxes

Well looks like the bailout is going to happen. It is our tax dollars that will be helping out. Now, I’m ok with my money going to help those less fortunate than myself. However, many of the people this is going to help makes x times more than I do.

In business, a company is supported when consumers buy the goods and services that it provides. If I had spent same money in this way, I would have a new car. Clearly a win win.

However, with the bailout, the auto manufacturer gets my money but I don’t get a car.

How does this make sense? I’m a single parent, I’ve struggled to make sure that not only I pay my bills on time and not get over my head, I’m teaching my children to do the same. I’m rewarded by bailing out the big boys.

Really?

Something to think about,
Laura
Primary Parenting On Purpose
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Planes, Trains and Automobiles: Transportation Companies in Trouble

The auto makers want to be bailed out. What are they going to do different if they are? I’m not sure that is why they want the bail out. It sounds like they want to keep doing what they have always done. But things are changing and that is why they are in trouble. They haven’t made adjustments to keep up.

There are airline and railroad companies still around today, but many are gone.

Are the auto makers going to wake up and make the changes necessary for their companies to survive or are they going to allow their companies to be added to the list of once was?

I read recently and idea for the auto makers. They could wait until the car is ordered to make it. Makes sense to me. I’m sure there are lots of other great innovative ideas that they could come up with that would do more than put a band-aid on the problem.

What do you think?

Something to think about,
Laura
Primary Parenting On Purpose
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Car Manufacturer Bailout

I was glad when I heard that the bailout isn’t going to happen. Or have to go another round before it does. If companies cannot be viable, they need to find a way to revitalize and re define themselves or they need to fold.

This is not the first time in history that an industry mis-read the signs of the times. Look at the steel industry and the railroads. They are not the forces they once were.

The tax dollars that will go to the bailout will be from my pocket and yours. I don’t want my tax dollars to be spent in this manner. I’ve been responsible with my money and my choices. The car industry needs to as well.

They’ve been bailed out once before. Why didn’t that help? Because throwing money at a problem just prolongs the inevitable. The leaders don’t want to do the tough thing. Things have change and they need to change as well.

Something to think about...

Laura
Primary Parenting On Purpose
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