No economically successful nation exists without a manufacturing base. While the financial markets do create jobs and are part of our economic engine they could not survive without manufacturing, mining, and agriculture. Most governments do encourage the development of every kind of endeavor.
However, the United States is a capitalist nation that stringently follows the philosophy of free enterprise. As a result we object to government aid to any private enterprise. Most Americans believe in Darwin’s theory when it’s applied to business. That belief translates to most of us questioning the use of government funds to bail out the financial industry, auto manufacturers, or any other business. Does this mean the end of the Big Three auto makers? If the Republican Party controlled both houses of Congress the answer would be yes. The Democratic Party is likely to be emendable to a bail out.
Barack Obama has pointed out that the United States could employ thousands of people building a Green economy. Look for Wind Turbine companies on the internet and you will find there are about 20 of them in the United States. Only one name is familiar to most of us, General Electric. Two others that caught my eye are Suzlon Energy Limited and Urban Green Energy. The likely disappearance of the Big Three auto companies and our need to reduce oil imports should make this manufacturing opportunity a high priority in the new administration.
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