Is America FoMoCo?

Boy, talk about a mixed blessing.

Ford Motor Co. had the 'good luck' to go bankrupt when they could still get loans for low interest rates, and kept right on trucking, still saddled by onerous union contracts and UAW-mandated inefficiencies. GM and Chrysler failed, were made to appear to not be bankrupt, and shed zillions of dollars of their union obligations on the taxpayer. GM and Chrysler are free to operate slightly less-impaired by UAW hamstringing than Ford. But they went down hard and now a patriot would never buy a Patriot or Cobalt or whatever, and Ford is doing relatively well. This lasts until Uncle gets out of GM's pocket; then watch out, Ford.

The USA's economy crashed first and we may have shoveled enough Socialism at the problem to make it look close enough to a recession that is ending, to deny we are still in the deepest recession since we started keeping track. Having learned little-to-nothing as a nation about fiscal responsibility, it looks to some people like we might be "in recovery" which in real life means "not getting worse as quickly as before." So the republicrats and demicans may be content to continue to extend-and-pretend for another election cycle.

Meanwhile China, Australia, Canada, U.K., Spain, Portugal, Greece, Italy arguably Japan, and now India are circling the drain. If the Ford analogy holds, the rest of the world goes into a deep, deep depression for a while, a few more trillions of dollars are lost, and they start up again as leaner, more efficient economies . . . and we continue lumbering along with the highest corporate tax rate in the world, clapping ourselves on the back about a stagnant economy until it becomes obvious that the other guys are running past us on the way up . . .