Don't Give The Automakers Any Money

Fri, 14 Nov 2008 17:25:39 EST

As I predicted, the hogs are all lining up at the trough, and at this point it doesn't look like there's going to be enough feed for everyone.

So far it looks like 5 trillion dollars have been committed to the bailout, and China, which had been supplying most of the capital the hogs have been devouring over the last few years, has money problems of its own, and isn't keen on loaning trillions more to the U.S.

One of the justifications I heard yersterday for the loan, being pushed especially hard by Harry the Hat, and his gun moll Nancy the Pants, is that now the automakers can retool.

I say they can kiss me where the moon don't shine.

So they can retool? General Motors has been making poor quality cars for generations, and now they want consumers to pay for them to retool? Retooling is an ongoing part of any business operation, and should be going on all the time, but obviously the geniuses at GM didn't know that. While their sales declined every year, going instead to Japanese manufactures, and German, and now Korean, they continued to manufacture junk, and and wonder why no one was buying their cars.

So here's my solution.

Give them the money, but fire all the executives who created this disaster. Why should we give these dumb sonsa beeches any cash? They will probably act just like the imbeciles at AIG, and start paying bonuses, and deciding where there next golf outing is going to be.

The same thing goes for Ford and Chrysler. When the Germans let Chrysler go they were sending a message, and apparently no one in the financial community could decode it. But that shouldn't surprise anyone anymore. The message was: This company is a turkey!

The truth is that this is just throwing good money after bad, just like grandpa used to say, and you just don't do it.

Let them save themselves, or give them just enough rope to pull themselves to shore, then tell them they're on their own.

All this begging by those who are supposed to be leaders is starting to make me sick.

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Don't Give The Automakers Any Money