Dec 18 2008
The Worst Car Crash of All Time
Panic. Lives ruined. Wreckage everywhere. And no insurance to cover the cost… The US automobile industry is a car crash of global proportions. But who, or what, is going to be the ultimate loser?

I’ve read two interesting articles recently:
- One said the US government is going to give General Motors, Chrysler, and possibly Ford $14 billion in a rescue deal to save the ailing US car industry.
- The other story said General Motors, Chrysler, and Ford have all stated they don’t want to build eco-friendly cars because there’s no US market for them.
Now, it’s common knowledge that the car makers are begging for billions. But how about them not wanting to build and sell eco-friendly cars in the US? Have they really said that?
They’ve not only said it, they’re actively doing it! Ford’s new Fiesta ECOnetic gets a gigantic 65 miles to the gallon. With gas prices rocketing, US customers must be queuing around the block for those little miracles.
But where’s it on sale?
Europe!
Now, apart from the obvious - more billions of the taxpayers money wasted to bailout incompetent management - is there a simple answer to the car industry’s problem?
Yes.
For us to say,
To hell with you, General Motors!
To hell with you, Chrysler!
To hell with you, Ford!
You’ve landed yourselves in trouble by stubbornly building cars that don’t compete in the global market. Now you want the taxpayer to bail you out and, in return, you promise to go on producing the same old crap that got you into trouble in the first place?! How dumb d’you think we are?”
But why are car makers so adamant about not producing eco-friendly, fuel efficient cars?
After gas prices hit $5 a gallon this year, do GM, Chrysler, Ford, honestly believe only a handful of die-hard environmentalists would buy eco-cars in the vain hope of saving the planet? That ordinary people love their cars rotting where they stand because people can’t afford to run them?
Or could the real reason for not producing eco-cars be…?
They can’t build them and don’t want to have to learn how.
After decades of producing nothing but antiquated, gas-guzzling, fume-belching behemoths, imagine:
- how much it would cost to re-train/re-educate their engineers
- how much it would cost to re-design all their vehicles
- how much it would cost to re-tool their plants
But why should they waste their precious money producing what we want instead of what they want to build? They’ve seen how the incompetent bankers wangled a gigantic handout yet are still shafting us, so why shouldn’t they grab what they ‘deserve’?
The main reason this $14 billion bailout could go ahead is that the bankers have already crippled the economy so the collapse of the auto industry could just finish it off all together. It could take decades to recover.
In any other economic climate, this bailout wouldn’t even be considered, let alone implemented.
- White House spokeswoman Dana Perino - “Under normal economic conditions, we would prefer that markets determine the ultimate fate of private firms.”
These corporations have had decades to invest in ‘future-proof’ vehicles but instead chose to go on churning out planet-killing monsters. Why should the taxpayer foot the bill for yet more managerial incompetence? The car makers simply don’t deserve it.
There is one thing they ‘deserve’, same as the bankers - a good slap for being petulant, spoilt brats.
Other than that, they should be forced to evolve with the times or become extinct like the decrepit dinosaurs they are. And if they get a single penny handout, none of this loop-hole-ridden contract crap the bankers got away with!
Of course the auto industry doesn’t see it that way.
In fact, its execs have such a distorted, self-absorbed worldview, they don’t see problems at all.
Want an example?
Recently, a climate summit was held in Poznan, Poland where the world’s leaders planned their assault on global warming. At the same time, the top execs of the auto industry dashed to Washington to put their desperate plight before the powers that be and plead for help.
But just how exactly did these geniuses dash to Washington?
- Car share perhaps?
- Greyhound bus?
- Amtrak?
- Economy class on a scheduled flight?
- Business class?
In their infinite wisdom, to show they truly do have their fingers on the pulse of what Americans really care about, they took what they obviously believed to be the appropriate steps to prove:
- They are environmentally aware.
- They are truly poverty-stricken.
- They would invest any bailout money wisely.
How did they dash to Washington? They each flew via private jet.
General Motors, Chrysler, Ford… Bear Stearns, Goldman Sachs, Lehman Brothers…
Imagine what the world will be like if they have their way!
These people live in fantasyland. So, let them go to their fantasy bank, borrow some fantasy money, play with their fantasy businesses, then sell their fantasy products to all their fantasy customers, and live a happy-ever-after fantasy life.
Now, what to do with that $14 billion now it’s lounging about doing nothing…
Want to help the economy in the real world?
Invest it in green initiatives: solar, wind, hydro. Create a green infrastructure, create green jobs, and thus create a green, sustainable economy.
And get this…
By making economically AND environmentally sound investments, people will be more secure and the country less likely to be held to ransom by foreign oil tyrants, meaning America could once more proudly call itself ‘the land of the free’!
So go. See. Feel. Live.
Steve
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Related posts:
- $700 Billion - Bailed Out or Sold Out?
- When Politicians Ruined the World
- Global Warming - the Beautiful Hoax!
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