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Steve wrote:

> >
> > The junk rating is not due to sales figures, which are
> > decent. The junk rating is due to the fact that GM and
> > Ford management is incompetent and the financials are
> > nuts. S&P are the ones that should feel humiliated,
> > the junk rating is long overdue.
> >
> > You can trace the worst of their decisions back to
> > government.
>

And then I wrote:

> I disagree with you.  The inept leadership at the companies are
> responsible for their poor performances - not the government.  And
> taxes are not an answer - in part, because it's a regressive tax that
> can impact most on those with middle and lower incomes.
>
> For a long time, Ford and GM have had trouble figuring out what kinds
> of vehicles people want to drive (in as large numbers as they used
> to), in part because they don't understand what their prospective
> customers want.  And what some of them want are smaller, cleaner, more
> efficient vehicles that don't drive like trucks (unfortunate for the
> automakers, because they've traditionally made their best margins on
> SUV's).
>

I should add that I know this ("have had trouble figuring out")
because several friends and acquaintences who once worked at those
companies have left for that very reason.

They now work for competitors.

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