Unprecedented weirdness
Friday, December 5th, 2008That’s the only characterization I can come up with for the current dance going on amongst Congress, Chrysler, Ford and GM.
This is changing the character and spirit of America.
Before the late 1890s, there were no automobiles in America. No one was making them. No one was buying or owning them. A few people in that era did indeed make some and asked themselves pretty quickly that initial inventive burst, “Now, what’s the model for doing this on a large scale and getting lots of these into the hands of lots of people?” The necessary array of players, from investors to designers to engineers to line workers to sales people, was put together. The automobile became such an ingrained element of the nation’s life that somewhere along the line we, at least subconsciously, came to have the term “indispensible” at the ready to describe the product’s role in the great scheme of things. The companies that prevail after a century-long shakeout of the industry are deemed “too big to fail.”
Now we have their CEOs descending on Capitol Hill on a twice-weekly basis, begging and puking all over themselves with ever-more frantically cobbled together proposals for not only getting their financial and organizational houses in order, but also complying with petroleum-based fule effeciency standards as well as coming online with all manner of “hybrid” vehicles, so as to appease the green appetite of the totalitarian leviathan.
The FHer overlords lean back in their chairs, stroke their chins and try to fully let in the magnitude of their power. They are in a position to force mergers, dictate product lines, decide the destinies of executives and shop-floor participants alike.
I’m reminded of something financially focused talk show host Dave Ramsey hammers home whenever he gets the chance: If you beg for a loan out of desperation, you have essentially become a slave of your lender.
This is the current state of the American automotive industry. Not only is it saying, “We’ll submit to a socialist arrangement if we have to. Just please, please rescue us.” It is also serving as a role model. The message going forth is “entrepereneurial zeal and that combination of creativity, courage and energy that fueled our success are no longer the way to improve human life.”
And it’s costing us, big-time. We’ve all seen the newspaper stories about how many skyscrapers you could build for $700 billion. We’re shoveling our dwindling supply of hard-earned dollars into a madly symbiotic dance between a delusionarily utopian vision of what is valuable and important to do on the one hand and a cowering, hopeless industrial sector on the other.
And meanwhile the global jihad directed at us rages on.
I’ve seen some wacky stuff in my half-century-plus, but this breaks all records.