John Stone’s Bloviations

There’s an old saying that states; if we don’t learn by our mistakes, we are destined to repeat them. And so it goes that we are repeating mistakes made within the auto industry.

The media reports on a daily basis the turmoil within the auto industry, particularly two of the “Big Three”, General Motors Corp. and Chrysler Corp. GM is only days away from “Bankruptcy”, or whatever it can be deemed as today, and Chrysler has already accepted their government dictated “Modified Bankruptcy”. Added to this are the tens of billions of taxpayers’ dollars that has been pumped into these two ailing corporations with little to no chance of seeing these funds returned.

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