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Rides How To Fix The American Auto Industry

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Last night, the American auto industry was dealt its most serious blow in decades when Congress failed to come together and agree on a $14 Million rescue package for General Motors, Chrysler and Ford. While some feel Congress should just suck it up and hand out the dough, others feel that Washington should let them go bankrupt and start from scratch. After all, while they’ve finally started to turn their companies around and produce cars that can compete with overseas competition, it’s a case of “too little, way too fucking late.”

Years of wack cars and inflated CEO salaries has finally come to a head. But that’s not to say we want to see the Detroit Three disappear. Nah, we need all of ‘em. Even Chrysler. But there is room for improvement. If the Bush administration does dip into Wall St’s $700 Billion dollar rescue fund for Ford, Chrysler and General Motors, here are a few things we think should be put into writing before their check gets cut. Wamp, wamp, what it do? Read on to find out..

December 12, 2008 | Permalink | 2 Comments
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