Wednesday, February 18, 2009

Please Sir, may I have more?

HU016611

So the car companies are back, hat in hand, wanting more money or they will (gasp, shudder) be forced to go into bankruptcy.  Now, just an an aside, who didn’t see this one coming?

The trouble is, that companies of this size and power just aren’t in anyone's best interests.  They just make flat out too many cars for the world we are heading into.  They also have shown that they have an innate ability to pick the worst type and models for the what is needed (oh, don’t get me wrong, they have a wonderful ability to tap the cupidity of the American middle class). 

So the powers that be have to make a decision soon.  They will no doubt bail these behemoths out.  The big three have spent way too much money bribing politicians for the past fifty years for any other outcome to occur.  But these dinosaurs are dying and the money we spend will be just as useful as the money that we have thus far thrown at the banks. 

I wonder what will take their place?

2 comments:

Överlevare said...

I, as most constituents throughout the civilized world, hate my goverment but today they gained my respect. When GM, in order to have access to Treasury´s coffers, left SAAB for dead in the remote town they found it, my goverment just turned their backs on SAAB. Good for them. At least someone is fiscally reponsible. If I wanted stock in the auto industry, I would have bought it by now, no need for them to do it with my tax krona...

Mayberry said...

Well, maybe we'll see a resurgence in real innovators, like Tucker. That's be a good thing..... The "Big 3" have become way too bloated and unresponsive. And this from a diehard Chevy man.....