Tag Archives: Wagoner

Autopia

WHAT? Rick Wagoner is out at GM . . . jeepers, so soon? Are we sure we don’t want to stay the course a little longer and give the unrepentant asshole another chance? If we ARE sure that we can handle such a bold change, how ’bout he takes Mullaley of Ford with him, the door hits BOTH of ‘em in the ass on the way out, and we all say “good riddance to bad rubbish” on three. One, two . . . GOOD RIDDANCE TO BAD RUBBISH.

LET ALL THREE LACKLUSTER, FREELOADING QUOTE-UNQUOTE POWERHOUSES GO UNDER.

The industry is riddled with inconsistency and inefficiency, high costs and low quality, a surplus of greed and an absence of vision. Fuck ‘em.

Use Bailout-Bucks-Slash-Monopoly-Money to buy the NAMES. The American people are sentimental over the IDEA of Detroit. Buy the oh-so-American and oh-so-recognizable names Ford, General Motors and Chrysler at a prices that permit of paying off such contracts as stand up under aggressive legal scrutiny.

Sell those iconic names to the highest bidder. Better yet, LEASE the names until we find our new Car Kids. Probation all around!

Those of us who have taken a 50% hit in every asset class GET IT that what we need is smaller, more agile companies and energy-efficient people movers, particularly of the mass transit variety. Leave trendy, impractical autopia to the Effete Elite and the kids. You know, the Monopoly Money Mob.

Congressional Weenies

I have been watching Congressional hearings on C-SPAN, notably Kucinich’s on hedge fund regulation and Dodd’s on ANOTHER bailout for Detroit.

Senator Bob Corker, Republican out of Tennessee is on the right track. Then he apologized for being harsh.

Senator Jon Tester, Democrat out of Montana, is further along the right track.  Man oh man, he NAILED ‘em, and he DIDN’T apologize.  Good on him.

But Senator Chris Dodd, Democrat out of Connecticut…who has some ‘splaining to do about his OWN perks from naughty naughty Countrwide…he was full of THANKS to the Three Caballeros, “You’ve been very very patient.”  Something about four hours.

Big Shots Wagoner at GM, Nardelli at Chrysler and Mullaly at Ford have been very very patient with US?

Perhaps Senator Chris Dodd is extra gracious to the Begging Billionaires BECAUSE of the personal benefits that he enjoyed as a member of smarmy Anthony Mozilo’s V.I.P. club over at Countrywide…the predatory lender (except to Congressmen, then a BENEFICENT lender) that fell so early in this Market Mayhem as to have nearly been forgotten in all the excitement.

The brief 30 or so minutes that I just watched will provide fodder for the next dozen posts, at least.

Big Three Bullshit ABOUNDS.  As to Gettelfinger, please.

Senator Corker: “How long do automakers pay autoworkers roughly 95% of their salary if a plant is idle?”

United Auto Workers President Ron Gettelfinger: “I don’t know.”

‘Nuf said. 

It seems to me that it is only a matter of sorting out which politicians and executives are incompetent, and which are complicit.