The shameless auto executives are back begging for more money. They remind of the young man pleading his case before his sceptical parents. "Please just give me one more chance. I will be home on time and I promise to fill up the gas tank this time."
The parents retort," But son you are a mature man now. Some of your classmates have started their own families and they own a home and own their own cars. When will you grow up? We have other obligations."
Former Chrysler CEO Lee Iacocca made a sucessful plea for a government bailout some 30 years ago. And now Chrysler is back but this time with GM and Ford at the same table. Maybe if Chrysler was allowed to fail years ago, GM and Ford would have worked harder and the UAW would have learned a lesson that would have avoided todays mess?
No comments:
Post a Comment