As the big three automakers stumble like a trio of drunks on a self-induced binge, they are suddenly aware that they may have to go dry due to the fact that they have spent themselves drunk, broke, busted and disgusted. Rather than face their self-created problems, they are looking for enablers to pony up for another round on the house. It's time to say enough, you guys are not going to change your ways no matter how much money we give you. And the more we give you the more you will demand. To the contary, given how you've run your businesses it will only delay the inevitable reckoning that your companies are dinosaurs living on the vestiges of cheap fossil fuel.
Intuitively, I want to help save the tens of thousands of jobs that are dependent on the manufacture of cars. But I think this is completely wrong on every level, including the very bottom line -- what exactly are we rescuing and for how long? In other words, we are lending money to deadbeats with no foreseeable end. Nobody has any idea how many tens of billions it would take to keep these losers in business. And for what?
But there are other reasons to deny free money to G.M., Ford and Chrysler. These companies have a very reactionary mindset. These companies have consistently fought against every progressive safety and energy measures that would, among other things, have saved them from their SUV dependence. G.M.'s CEO is on record as saying that he does not believe in global warming. Why should he? He makes his living injecting carbons into the atmosphere? They killed public transportation. They would pave over the country for the sake of their product. In other words, they are just one step short of arms manufacturers on the moral scale. Is this the future? No, hell no! These companies are dinosaurs. Let them go extinct and make way for innovative companies that use green technology.
[Another idea: How about we sell GM to Exxon? I hear they got lots of money in the bank and are really keen on green technology.]