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Adventures in Crony Capitalism

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Author Topic: Adventures in Crony Capitalism  (Read 2377 times)
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lil mike
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« Reply #15 on: December 27, 2011, 06:51:49 pm »

And of course one of the biggest examples of Crony Capitalism...

http://www.thetruthaboutcars.com/2011/12/feds-predict-the-future-of-the-auto-industry-foresee-chrysler-freefall-gm-stagnation/

Feds Predict The Future Of The Auto Industry, Foresee Chrysler Freefall, GM Stagnation

Reasonable minds can disagree about the wisdom of the auto bailout, but according to analysis by the EPA and Department of Transportation (based on data from the Department of Energy and auto forecasters CSM), the Government’s rescue of GM and Chrysler may not have been the best idea (at least from a market perspective). According to data buried in the EPA/DOT proposed rule for 2017-2025 fuel economy standards [PDF here], Fiat-Chrysler is predicted to be the sick man of the auto industry by 2025, losing over half of its 2008 sales volume, while GM is expected to improve by only 3%, the second-worst projected performance (after Aston-Martin). In terms of percentages, even lowly Suzuki and Mitsubishi are projected to grow faster than The Mighty General. Ouch.
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