Originally Posted by dutchmasterflex
That is a lot of time spent on this.
Seriously, the biggest factor in the US Automakers demise is union workers pension plan. That is the root of why they have lost market share to competing Japanese manufacturers.
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So, it's not the collapse of the credit market?
Based on my experience, the three biggest factors of where we are today are this
1. Government - Creating the credit crisis worldwide by giving loans to people who had no business getting them.
2. Government - CAFE/ EPA
3. Government - Obtuse DOT laws and trials to ensure. The companies have an interest in protecting their customers.
4. Unions
5. Litigation
People forget oil shot from 90-150$/ barrel in 6 weeks, and dropped now from that high to $55/ barrel. Why? Obviously, the market could not support those prices.