Friday, December 05, 2008

A friend of Detroit

I've been listening with some concern to the travesty that has been Capitol Hill the past few days, and the grilling being given to the CEOs from the Big Three.

America's car manufacturers have been getting an earful from all sides—the political arena, from right-wing talk show hosts, and unfortunately, many misinformed Americans. This concerns me and I plan to weigh in on this over the weekend.

While the blog posts have been a bit less frequent, I hope that you've noticed the shift. I've traded some quantity, for what I hope you'll decide as quality. If the early returns from StatCounter are any indication, that strategy is paying some minimal dividends.

Stay tuned for my take on the American auto industry.


Anonymous said...

Who cares about Detroit. Let them fail. Goverment can't keep bailing out every business. Let the markets sort it out. Bankruptcy if that's what it takes for GM to get their house in order!!!

Eve Channing said...

Dear Anonymous,
YOU should care about Detroit. If the "Big 3" go bankrupt, the ripple effect it will have to the rest of our economy will be more like a tidal wave. MANY, MANY businesses provide goods and services for the auto industy. Those businesses buy things like insurance and supplies for their employees. The employees of these businesses buy goods and services, some of which might just be the very business that employs you. (You do your patriotic duty, I hope, and render unto Ceasar what is Ceasar's?)

Don't get me wrong, I'm no fan of the UAW and the three headed monster. I don't like the pathetic pleadings of Mulally, Nardelli, and Wagoner. Maybe one should fail and two survive? How about two fail and one survive? Unfortunately, "FUCK 'EM" probably isn't a viable or productive solution.

Jim said...

It imperative that the Big Three survive, because the suppliers that service the carmakers based in other parts of the U.S., like Alabama, and South Carolina (Toyota has a plant in Georgetown, KY, also) may not make it if GM and Chrysler go under.

While Ford's struggling, they're in much better shape than the other two.

Thanks for your comment, Eve. It's nice to find someone out in cyberspace that has an understanding about this crucial issue.

Turning our economy around towards better days won't happen if we let legacy industries like carmaking go under.