Wednesday, December 3, 2008
Do the Big Three Deserve 34 Billion?
Do the Big Three automakers deserve the 34 billion dollars that they are asking for? I personally believe that they don't. I don't think that anyone who has mismanaged a multinational, multibillon dollar a year company deserves one cent of government support. HOWEVER, there are as many as 1 in 7 jobs in this nation that are dependant on the auto industry so the real question is do they need it. and the overwhelming answer to that question is yes. On one condition, the government says that they aren't going to give it to the current CEOs and other board members, they are going to install a sort of puppet government to allow them to oversee the processes these companies are doing on a day to day basis. There is no reason why Ford had to spend almost 2.5 billion dollars designing a 2010 Ford F-150 with a 6.7L V8 engine that gets 12 miles to the gallon in the city. That is totally uncalled for. This truck does not meet the new guidelines that the EPA has set and no one is actually talking about it. No one is talking about how Ford, GM and Chrystler have awful hybrid departments. Sure we are living in the information and technology age but there is only so much information and technology a driver can use. Being able to check your stocks and the scores of tonights Celtics game on your GPS screen is a major distraction. Although, if you are paying attention to the falling Dow Jones then you might not notice how bad your gas mileage is...
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