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Theodore Carl Soderberg

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SF Examiner-auto bailout
By Theodore Carl Soderberg
Last edited: Tuesday, May 19, 2009
Posted: Friday, May 15, 2009



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Recent articles by
Theodore Carl Soderberg

• Fairy Tale- Press Democrate-Feb 10
• More to the issue than guns, 12/20 SF Examiner
• Bangkok Post entry- 27/10
• Debate-Press democrate, Santa Rosa, Ca.-09/04
• Hooked on Oil-Press Democrat, )3/19
• SF examiner- Alternative rail solutions
• Cut expenses-SF Examiner Jan 8
           >> View all 50
May 15, 2009
"Auto bailout is wrong"

As someone who was employed on automobile-showroom floors for 13 years and got out, I know a little about pushing iron. And I think the auto bailout is wrong. If you drop the price of a car enough, eventually it sells. I remember having an AMC Pacer on a showroom floor that had a two-year anniversary. It sold, of course, but only because the dealer finally got so disgusted that he lowered the price enough and gave salespeople sufficient incentive.

The current proposal to give customers a $4,500 allowance for their scrap heap would have the same result at taxpayers’ expense. What is being ignored is good old-fashioned supply and demand. And if a company goes bankrupt, then just maybe they are making the wrong product for the wrong person, in the wrong country at the wrong price.




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Reviewed by John Martin 5/17/2009
They're going to save GM just like they saved
Chrysler. What a great idea, a going out of business bonus paid with taxpayer money.
Reviewed by Linda Settles 5/16/2009
You have captured the essence of capitalism (I think :-) It's still the best system around and it works if we don't manipulate the process by too many tax dollars.

Books by
Theodore Carl Soderberg



Uncharted Waters

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December Seven, The Second Day of Infamy

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