Monday, November 24, 2008

How to Save Detroit [Mackinac Center for Public Policy]

Excellent advice to automakers from David L. Littman. He writes:

You reap what you sow. The consumer is the ultimate king. Consumers vote their hard-earned dollars in favor of producers and service providers, just as they cast preference votes for candidates to political office.

Thus, rather than petitioning Washington to be a tax agent for Detroit's account, it behooves auto execs to make their strongest case for lower corporate income taxes, less onerous corporate average fuel economy and environmental regulations, and an all-out effort to bring U.S. oil, natural gas and nuclear power to the market. Promoting these economic policies would enhance the U.S. economy at large as well as Detroit's prospects. Let's examine each one...

The economic world is a much more positive reality. Workers and firms who are eternally vigilant for the shifting demands of the marketplace are rewarded with expanded income, benefits and job opportunities. More dollars are voted their way. In other words, when sound economic principles are followed, the economy flourishes and we're all winners.

How to Save Detroit [Mackinac Center for Public Policy]

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