April 4, 2008
Economic predictions are a sport too…
I had a thought today. Tell me if I’m too off-base.
There was a time in this country when the automobile industry was dominated by domestic names. Everyone had a Ford, GM, Cadillac etc. Over time, foreign companies that were run more efficiently and produced better product began to take over. Now foreign cars make up the majority of the vehicles in the USA.
ATA airlines closed its doors very suddenly yesterday, to the point that passengers came to the airport expecting to get on a plane, and ended up stranded. Aloha airlines went under earlier this week. These are small regional airlines, but… (Read the article)
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