Thursday, November 20, 2008

DETROIT AUTO INDUSTRY - ALL DOUBTS REMOVED!!!

If anyone questions the viability of a Washington bailout of Detroit, yesterday all doubts were removed! What America saw yesterday in hearings before Congress, was absolute proof that nothing Washington does at the expense of the American taxpayers will solve their problems. If the auto executives are too stupid to figure out that you don't ask for taxpayer help when you put on a public display of wastefulness and gluttony, they don't deserve to be where they are. It is clear that the mind set of the Auto industry executives is so polluted by their blind eye towards wastefulness, they are completely incapable of running any business at a profit, much less an industry that is on the brink of bankruptcy! Mitt Romney is exactly right, the only thing that will fix this problem is a complete overhaul of the industry in a Chapter 11 Bankruptcy, including the dumping of existing management along with stifling labor contracts.

No comments: