Alternate Route

Aug 6, 2009 - So Sorry, More Moving Lips

Aug. 5 (Bloomberg) -- U.S. auto suppliers aren’t being considered for any new federal aid and must expect that their business will shrink as the market changes, the Obama administration’s chief industry adviser said.

The network of partsmakers “continues to function,” and President Barack Obama’s auto task force is monitoring the situation daily, Ron Bloom told reporters today at a conference in Traverse City, Michigan.

Uh huh...How long do you think it will be before one of these two things happens?

1) They change their mind and throw money we don't have at the partsmakers.

2) They announce (without releasing figures of course) that the benefits of the cash for clunkers program will actually "trickle down" and help the partsmakers as they need to supply parts for increased demand that C4C has created.

Here's a thought for the day... you don't get out of a hole by buying a bigger shovel.

3:17 am | Categories: automotive news, commentary Permalink | Alert Administrator

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