Friday, November 7, 2008

Three Amigos on the Road to Ruin

GM, Ford, and Chrysler. 

The 'Three Amigos' of American corporate ineptness.

They are failing (GM is very close to gone), so what are their options?

1. We bail them out (they'd prefer that)
2. They merge (goodbye Big Three, hello Big Two, or even Big One)
3. They get bought out by other (probably foreign) investors.
4. We let them fail if that's what happens (they definitely don't want that)

From a strictly how-dumb-can-they-be-let's-teach-them-a-lesson vindictive point of view, I'd say option #4, especially for giant GM (the bigger they are ... etc.)

Based on what's best for the country, however, I'd say throw them into the market and see what can be arranged using options 2 & 3. 

If all else fails, throw the chumps a lifeline.  

But they'd better be grateful if we do ... I'd expect to see by way of thanks:

- Inexpensive, high-mpg, safe cars
- Alternative fuel vehicles
- Zero emissions vehicles

Oh, and lest we forget...

- Provide Health and Retirement Plans for their workers
- Pay us back (what, you thought it was a GIFT?)

Add to those good things a few, higher-end performance and luxury vehicles to keep the well-heeled happy, and that should be a good job well done... 




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