What the "Big 3" are doing is, IMO, deplorable. Like lots of the mega-corporations (banks, insurance, defense contractors, etc.) they're taking full advantage of this world economic crisis to get what they want. In the case of the banks and insurance co.'s, it's free taxpayer money. The defense contractors get no-bid, blank check open-ended contracts. And then, there's the auto industry. GM, Ford and Chrysler are not really that bad off compared to others in their industry, when you look at their world-wide operations. We all know that in Europe, Asia, etc., they build some of the finest sub and compact cars in the world - while we are stuck with the big antiques here in the homeland. No surprise. Their reluctance to re-tool the US plants to meet current consumer demand is no big surprise. While they state that they must meet "short termed shareholder value," they've been allowing this domestic market ship to slowly sink. I'm no genius, but all of those MBA's in Detroit must, at one time or another, looked at sales figures for the Toyota Prius, Honda Civic, etc., compared to their Crown Vic and Explorers......
What they were waiting for was a situation of pending economic distaster (which has arrived.) It's during this period that everyone, under the guise of critical management, gets what they want. In the case of the automakers, it's three-fold. Step 1: Get a mega $$ taxpayer handout for basically doing nothing. Step 2: Come back in the spring for the second $$ handout. And finally, step 3 (the most important
Convince Congress that the handouts didn't work and that bankrupcy procedures are the only way out. This, infact, is the original objective: Get into bankrupcy procedures which is the only way to relieve the corp. of it's "ironclad" obligations to the UAW and to retirees.
I'm certainly no Socialist - I even volunteered for a combat assignment in VietNam in '67, but in my senior years, have been taking an objective look at our country and those who, until recently, had taken control. I just finished Naomi Klein's "The Shock Doctrine (The Rise of Disaster Capitalism)"
Like everyone on this site, I'm a car enthusiast. I've restored, raced and owned just about every performance car you could name (& no, I didn't inherit a fortune.) But, we'd better start changing our habits and the way we look at things if we intend to leave our kids something that even roughly resembles the life we had.