In remarks made in March about the auto industry, President Obama said, "We cannot, we must not, and we will not let our auto industry simply vanish." This is positive news for many, but it may actually signal the end of the consumer-driven American automotive industry.
Depending on how active the Obama administration chooses to be regarding the operation of General Motors and Chrysler (the government already forced out GM CEO Rick Wagoner), bureaucrats may restrict the types of cars these two manufacturers sell in the post bail out future. Government leaders such as Nancy Pelosi have already voiced the opinion that Americans should drive smaller, more efficient vehicles. Conditions on the bail out funds may be the vehicle used to force GM and Chrysler to build only what Washington wants them to build.
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