Headline Fun

For some reason this headline brings the word oxymoronic to mind:

GM reports $1.2B loss, says it shows progress

UPDATE: Now they have changed the headline to: GM says improved quarter shows signs of stability. Oh well.

"Screw them"

From Saving Detroit by Greg Saunders:

When it comes to bailing out the auto industry, count me in the “let them starve” camp. The auto industry has been outsourcing American jobs for 25 years now with little regard for the devastated communities they’ve left in their wake (seriously, re-watch Roger & Me sometime). The big three have also used their lobbying might to oppose every environmental regulation in their sights. And on top of all of that, their cars suck. Bailing out the auto companies whose single-minded devotion to SUV’s made them blind to the hybrid revolution is like bailing out a record company that hasn’t had a hit since “The Macarena”. Screw them.

Read the rest here.

Screw them, let them starve, and let me get this straight.

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Let Me Get This Straight

The big three automakers (Ford, GM, and Chrysler) are hurting because they don’t know how to sell cars anymore. To me, this means that they aren’t that important to the economy anymore. Or at the very least that their importance is diminishing.

The big three automakers (Ford, GM, and Chrysler) are hurting because they don’t know how to sell cars anymore. To the United States government, this means that they are so important to the economy that taxpayers should bail them out.

The taxpayers no longer want their products, why should we be forced to give them our money? So that they continue to produce automobiles that we no longer want to (and/or can’t afford to) buy?

If the feds are going to force us to give our hard-earned money to the automakers, can’t we at least get a new car in return?

It makes no sense to reward incompetence and failure. We did that already with George W. Bush and look what we got in return. More incompetence and failure.