ST Alpha - "Nobody wants the auto industry to fail. " (Reading a Post)

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Nobody wants the auto industry to fail.

Posted by musubi Nov 19 '08, 15:33

But if a private industry wants access to public coffers, they better be ready to a ridiculous ammount of scrutiny.

Yes, that includes asking if a private jet can really be an economic necessity. If this is a company, who is not asking for a handout, hell, give your CEO's personal jet-packs for all I care.

Responses:

I do. (for the same reason as hyde). we're trying to save the dinosaurs here. -- nm - Guy Nov 19, 16:33
I would like to see some bankruptcies happen. I don't equate 'bankruptcy' with 'fail'. - Dr.Vermin Nov 19, 16:12 2
- I think the stockholders do. Do you mean Chapter 11 bankruptcy protection? Or firesale bankruptcy? -- nm - Beryllium Nov 19, 16:29 1
  - The former. - Dr.Vermin Nov 19, 16:31
A bailout would be a little easier to swallow if the Detroit 3 management would - Brian Nov 19, 16:06 2
- The arrogance is just astounding. - Trish Nov 19, 16:33 1
  - Ballmer: Let me be clear. We are done with all acquisition discussions with Yahoo. - Yahoo drops 20%. -- (link) - Mop Nov 19, 16:46
if nothing else the private jets underscore how PR stupid the companies are. - Mel Profit Nov 19, 16:00 3
- ... and the PR stupidity might explain a portion of their hard times -- nm - Beryllium Nov 19, 16:01 2
  - the most egregious mistake of all was they spent the last few days on a pr blitz trying to send the exact opposite message....nm - x Nov 19, 16:03 1
    - Indeed. And that's why I think that this media debate, as pointless as it may seem, has a place: it fights PR with PR. -- nm - Beryllium Nov 19, 16:09
I say screw them, other car manufacturers are changing their ways and surviving financially. -- nm - Stacy Nov 19, 15:40
i don't *want* them to fail, but i believe they should. because they haven't demonstrated any real ability to compete in a global marketplace... - x Nov 19, 15:40 12
- I'm reminded of the GM VP (I think) on the Colbert Report a month or so ago, talking about their plans for alt energy vehicles and their new hybrid - Trish Nov 19, 16:28 2
  - This looks like it. Worth a look. -- (link) - Mop Nov 19, 16:38 1
    - Yep, this was it exactly. I'm still absolutely flabbergasted at the guy. He might as well have said, "I don't give a fuck if you buy it or not" - Trish Nov 19, 16:45
- [deleted] 7
  - personally i never made the argument that the airplane faux pas was anything but a pr screwup that underlined the ceo's general ineptitude... - x Nov 19, 15:55
  - It's simply something that the majority can wrap their brains around and get outraged about. Just like Lewinsky. -- nm - Beryllium Nov 19, 15:50 5
    - [deleted] 4
      - Dawson, you give us way too much credit -- nm - amoxy Nov 19, 15:58
      - I don't know, there are a lot of people who eat Miracle Whip, that suggests a lack of intelligence. - musubi Nov 19, 15:53 1
        
        Agreed! - Dr.Vermin Nov 19, 16:13
      - I'm debating from that perspective because it's the outrage that was presented. - Beryllium Nov 19, 15:52
- Indeed. I just hate the idea that this is some sort of class warfare against CEOs. It's not. - musubi Nov 19, 15:47
[deleted] 1
- True. Unfortunately, the industries deepest workings and economics are beyond the laymans understanding. - musubi Nov 19, 15:43
Exactly. Personal jetpacks for Google execs, Toyota Camry Hybrids for GM execs. - Beryllium Nov 19, 15:35

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Nobody wants the auto industry to fail.

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