|
someone else how they should suffer for the cause when it won't affect you in the slightest.
For some people, anyway.
The real problem has nothing to do with GM crushing experimental electric cars or Ford building F-150s and Navigators-- the problem is that NOBODY IS BUYING ANY KIND OF CAR NOW.
San Diego and Newark are sinking under the BMWs, Toyotas, Hondas, Hondas, Nissans and Subarus piling up at the docks that dealers don't want and can't sell. Dealers can't get credit to put cars on the lot and the few buyers out there can't get credit to buy the cars they want.
GM is top-heavy and bureaucratic, and its product cycle time is still too long. All the domestic companies are saddled under contracts they happily signed when money was plentiful. But, hey, let's blame it all on the moguls of the car business, because they don't know nearly as much as we, or some Senators, know about how to run the world's largest industrial operation.
And the foreign competition builds their plants in right-to-work states with no obligation to pay health or pension benefits, or pay salary during layoffs. Even Walter Reuther admitted that paying more money for less work will have a bad end. Note that the biggest objectors to any loan or bailout in Congress come from those states with foreign-owned plants.
And, nobody but GM has the Delphi noose hanging over their heads.
Yeah, let's just pile the insults on GM, let them go belly up, and that will solve the whole problem.
|