President Obama was criticized for his effort in the rescue of General Motors and Chrysler and took heat from Republicans and the tea party. Though a complete recovery is far from certain, the bailout of the auto industry shows leadership and great example of economic recovery.
The foundations of American industry, in theory, are trustworthy, sensible concepts. For one, the enterprising businessperson should have an impervious work ethic. In addition, responsible financial practices (saving, lending, earning) should underpin any viable business. Lastly, many of our business models have failure and risk built in, and that’s all right. Preparing for failure is […]
