Our military procurement system is a mess. Our automobile industry is a mess. We might have helped both if we had gotten them to agree to build the next generation of military vehicles together.
The "creative destruction" argument conveniently forgets that it wasn't the "free market" that created the American Way of life, but a working class that was paid well enough to consume.
Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.
With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.
This is a mess. Everybody in the auto industry is staring into the abyss - the automakers, the unions, the suppliers, the dealers - not to mention the government and the taxpayers.
Over the last few years, sustaining Ohio has become less profitable for automakers. When the state began to run at a loss, the Big Three began selling off pieces to Germany and Japan.
I think the U.S. legislators contemplating this auto industry bailout package should demand Bob Lutz's resignation before dribbling a single dollar into GM's leaky pockets.
On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.
We all make jokes about how lazy and lobby-driven Congress is, and as sad as the truths behind those jokes are, when times are good, we can afford to have government operate like that.
Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.
The American auto CEOs came hat-in-hand to Washington, DC last week, to bail out their companies, and yet they came without a plan. Instead, they wanted $25 billion.
You've probably heard claims about those inefficient UAW members supposedly making $70 an hour, including benefits, making unions the prime culprit in the failures of the Big 3 automakers. But it's all a big lie.
When Sweden mandated that most fuel stations carry alcohol at the pump, GM's Saab division quickly engineered the model 9-5 to be an advanced flexible-fuel vehicle.
We have watched one bailout unfold, and we have not been impressed. We heeded the Wise Men, and now we feel violated. But how do we now hold failing auto companies to a higher standard?
"Governments around the world have always been proactive in growing and nurturing industries like the auto industry. In North America for the last couple of decades, we haven't done that."
We wanted to make a song describing the inseparability of our inflated notion of American glory associated with our automotive industry in the very style of the 70's power-pop songs that helped create the notion itself.
I was recently asked to participate on a forum with the LA Business Journal whereby six CEO's weigh in with their opinions of the Government Bail Out of the Automotive Companies.
From the fireworks in DC this week, you might think the auto crisis is out of your hands, but we're all complicit: government, CEOs, autoworkers, the public.
Once this grim place was the most alluring in America. The engine of the world was built here in Michigan. And it is hard to believe we are simply going to let it run out of gas.