Auto Sector

There's been much talk recently about the disastrous state of the U.S. (and therefore Canadian) auto industry. Just this week, the GM CEO said that his company risked bankruptcy in the next 14 days unless the U.S. government agreed to a multi-billion dollar cash injection. Analysts also expect Ford to fail in the next month unless the government steps in.

The U.S. auto sector is a politician's nightmare. It's clearly unproductive and unsustainable, but it controls millions of jobs. In other words: it should fail, but it can't fail.

This cartoon by Gable of the Globe and Mail sums the situation up: