IS that a stretch.....how does open sewage, Bernie Madoff, Wall street manipulation, lead poisoning help Detroit??
Many corporate insiders and analysts have noted that Detroit would have been REALLY blindsided by the shift to more efficient cars - had they not gotten prodded by Fuel Economy Regulations.
I, for one think Detroit could have done as well or better than it foreign competitors (many of which are building in the US) if the Corporate Fat-Cats had invested more in engineering and product development. Of course investment reduces income and profits in the short run, along with their bonus checks. Yup, gotta grab that Bonus Check..... they were "creating wealth" by undermining the corporate future
Many corporate insiders and analysts have noted that Detroit would have been REALLY blindsided by the shift to more efficient cars - had they not gotten prodded by Fuel Economy Regulations.
I, for one think Detroit could have done as well or better than it foreign competitors (many of which are building in the US) if the Corporate Fat-Cats had invested more in engineering and product development. Of course investment reduces income and profits in the short run, along with their bonus checks. Yup, gotta grab that Bonus Check..... they were "creating wealth" by undermining the corporate future