Posted by
Jeff Bressler on Wednesday, February 18, 2009 10:33:02 AM
A classic movie of the 1950’s was The Bridge on the River Kwai, One of the famous lines in that film were just two words – “Madness, madness.” Major Clipton, the British Army officer that uttered these words might have been a seer. Although the movie took place during World War II, Clipton could have been talking about what is happening in the automotive industry today.
First, the government is assisting in the bailout of GM and Chrysler with billions of dollars. Strangely enough the guys who brought on this mess are still sitting in the executive seats at the two automakers. Nothing brings more personal confidence in my taxpayer dollar disbursement then knowing that both Rick Wagoner and Bob Nardelli are being given a second chance to squander billions again. Instead of being innovative and cutting edge, guys like Nardelli are asking there dealers to buy more junkie losers like the Chrysler Sebring to help inflate corporate sales. Madness! And to add to this insanity, dealers are lining up like lemmings to use their own personal finances to make these purchases in the hopes that “the sun will come up tomorrow.”
Now Barack Obama’s Chief of Staff David Axelrod is making some frightening statements on the administrations hope for the automotive industry. Do they create a “car czar” position with a Lee Iacocca type behind the desk to try to set a steady path for the future? No, they’re politicians and have decided to ask some real car “geniuses,” Treasury Secretary Geithner, White House economic advisor Larry Summers and an assortment of hacks, who have zero knowledge of the automotive industry to work to create its destiny. This is double madness.
The really scary comment from Axelrod was contained at the end of this quote. Axelrod said that "How that restructuring comes is something that has to be determined, but it's going to be something that's going to require sacrifice not just from the auto workers but also from creditors, from shareholders and the executives who run the company. And everyone's going to have to get together here to build companies that can compete in the future."
Unfortunately the current administrations public view of “competing in the future” means eliminating the dependency on foreign oil and seeking a path of alternative energy only in years to come.
How wonderful that if we follow this golden path to the future we will be eventually told what size our cars will be and how they will be propelled.
Tell that for example to a construction worker who needs a heavy duty gas powered Chevy Silverado 3500HD , or tell that to a muscle car fanatic who seeks the power and joy found in a Dodge Challenger SRT with a big old 8 cylinder power plant, or tell that to the millions of car buyers who find their drive an extension of their own being.
As Ralph Kramden once said to Alice during an episode of the Honeymooners, “they’re all nuts Alice.”