Editor’s Note: Obama a poor auto analyst
In the same week Ford Motor Co. suspended a shift at its Wayne Assembly Plant that makes small, fuel-efficient vehicles, President Barack Obama was advising automakers they should make more small, fuel-efficient vehicles.
The president acknowledged as Americans, “We like big cars and we like driving long ways and we like cheap gas,” proving he’s not completely clueless about consumer preference.
And yet he still suggested “Detroit needs to be focused on capturing, you know, the lion’s share of the market for fuel-efficient cars,” saying that if it does, “over the course of 10 or 15 or 20 years the American auto industry can continue to thrive.”
The focus in Wayne is building the cars Obama wants, but the market doesn’t. That strategy cost 700 workers their jobs.
Detroit can’t make money on small cars, and it can’t survive “10 or 15 or 20 years” without profits. When it comes to market forces, the president lives in a fantasyland.
That’s why job creation and economic growth continue to sputter under his detached policies.