From USA Today comes this:
DETROIT — Car dealers from around the nation will be in Washington Wednesday to urge President Obama’s automotive task force to let the economics, not the government, decide which car dealers should shut down, and when.
Uh, yeah.
But the Obama administration doesn’t agree. The story continues:
The task force has been pushing General Motors(gm) to trim its dealer ranks faster than the several years originally planned as part of its overall restructuring. Speeding up that process will only dump 180,000 more workers onto unemployment rolls in a recession, the dealer group argues.
John McEleney, president of the National Automobile Dealers Association, says he understands that fewer dealerships are needed. But since dealers are independent business owners and get little financial support from the automaker, he argues, they aren’t adding to GM’s financial problems.
So government bureaucrats apparently know the car business better than the car executives do. That is the alarming reality of today’s interventionist policies being heaped upon us by the feds.
