Gloria Gaynor Performs Hit single for Auto Companies and Congress

I was thinking about the Auto Companies, wondering if there is precedent for the lack of sales in another similar company. I'd like to think the lack of sales is less about credit availability, more about people realizing they don't need new cars, and people spending money on important stuff like a mortgage. I thought it would interesting to look at wagon and carriage makers, to see if any of them survived the switch to horse-less carriages we call automobiles. It turns out one of the only ones I could find was Studebaker, which could turn out a hundred carriages a day or one every six minutes. Many might realize that this company also made automobiles, they somehow were able to make the switch, and probably without the help of the government.

I know people would say that it took less capital to make a carriage then an automobile and that the tool usage has more crossover in the early days. But I think it is important to realize that the largest producer of Wagon/Carriage was able to survive the fact that people stopped wanting the product they produced. The automobile companies might need to take a look see. General Motors are not so general, they should be called Specific Motors, yuck yuck.

Just to realized how many companies started making cars when the business first started take a look at coachbuilt.com where many companies are displayed with their history. I doubt a lot of them whined to the govt. when they went under. Perhaps the company from my hometown Pan Motor Company would be a good comparison to the automakers of today, a swindler who lost money for his stockholders. Something similar to what Madoff did, the former Nasdaq Stock market chairman is crooked. Funny how you would think that people at that level would be rich enough not to feel the need to steal.

The most interesting thing I have found from that story is the history of "Ponzi" a man who will have his namesake live on forever because of his skill at duping others.