President Obama plans to make the auto industry rescue a major part of his reelection campaign, according to a new Politico story by Ben Smith and Byron Tau.?As readers of this space know, I think he has a?strong argument on the merits. The news from General Motors in particular has been extremely positive for the last year. The company is reporting big profits, it is winning design awards, and, most important of all, it is selling lots of cars.
Relative skeptics like the Atlantic?s Megan McArdle have pointed out, among other things, that GM remains too dependent on sales incentives and too dependent on large, gas-guzzling vehicles. They are right. But I think this is more of a glass half empty, half full sort of dispute. GM is a lot?less dependent on incentives than...
Related Topics: auto industry
Source: http://www.realclearpolitics.com/2011/05/17/car_talk_and_the_campaign_255586.html
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