Monday, June 12, 2006

Our Auto Market

When I was young, many many years ago, the Japanese had just made significant inroads into the US automobile market. The over-confident Big 3 auto makers were making huge gas guzzling cars. The Japanese car makers were making these small gas efficent cars. The gas crisis hit and guess what cars were selling. Chrysler even required a government bail-out (meaning your tax dollars). BUY AMERICAN bumper stickers were prevailant everywhere.

Three decades later, the Big 3 are back to making even bigger cars and along comes three dollar and more a gallon gas. Foreign car producers are still kicking Ford and GMs butts. (I left Chrysler out as it's now foreign owned). For the most part the American manufacturer lost its competiteve edge and rely on rebates to sell their cars. Both Ford and GM are facing huge losses and the bonds are facing junk status.

With all that doom and gloom, there is still light. Ford and GM still produce some good models that are nearly competitive in the market today. The best thing you can do, if you are a concerned citizen such as myself is to look for American made products including your cars when making your next purchase. Buying American, like the old bumper stickers said, supports your friends and neighbors, reduces our trade deficit, and might even help keep your job here at home.

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