Friday, December 12, 2008
The Big 3 Bailout
(Click the picture if necessary to see the fine print)
I am actually in favor of this bailout, not to reward the big 3, but to give them a chance to fix things. To many people and small towns in the mid-west would be devastated by their collapse. Before anyone gets started on the anti-union rant, think about how much those drones at AIG or Citicorp are making. Lots more than UAW line workers, and the Insurance workers are nothing but leaches on our economy, they produce nothing. How many Vice Presidents at the "Big 3" make more than an entire plant full of UAW workers? One more point is that the amount that the "Big 3" are asking for is less than we dump into our useless occupation of Iraq in 3 months.
I used to make jokes that GM and Chrysler were in the technical league with Lada (Russian) and Hindustan (Indian) because they still sold cars with cast iron push rod engines. I recently was corrected in this that Lada switched to the more efficient and advanced OHC design in the 80's and the Hindustan Ambassador also uses an overhead cam design. The Japanese quit making overhead valve motors in the mid 1970's but GM and Chrysler still manufacture them. I understand that the management of the big 3 think the US consumer is as dumb as a box of rocks, and all they have to do is blame the unions instead of spending money on innovation, but I hope with this bail out the tide will turn.
I drive a Honda Ridgeline, which although far superior in technology and quality to anything made by the big 3, still could be a high tech diesel/Hybrid and be getting 35 or 40 MPG instead of 22. The reason? Even the Japanese get lazy when Detroit is mired in the 1950's push rod gasoline era.
So, bail them out, and let them know that it is time to spend some of this money on engineering, and not just cutting factory jobs and giving bonuses to big shots.
This is my first political post ever. Now back to adventure and motorcycles.