On 2nd thought.... NO!

2nd time around for the Big Three. A trip to D.C.

This time not in a private jet, but instead...they drove from Detroit to Washington in a Hybrid Ford no less. This time the CEO's brought a 30 page plan. Doing their own analysis, seems they need even MORE money than they originally requested a few weeks ago. 6 to 8 BILLION more! They even offered to reduce their CEO pay down to a dollar if they get these loans. The Unions have changed their tune, offering to let go of Billions, earmarked for a better healthcare plan ...again, contingent on a bailout.

All this makes me wonder. Why didn't they think about these critical measures in the first place?

It was almost like when were kids asking our parents for money ONLY because we saw our siblings getting some cash from them moments earlier. The thought wasn't about WHY we needed the money, the thought was only that Mommy and Daddy were GIVING it away.

So now the same CEO's are saying that if they don't get their money, this may be THE catalyst for another Great Depression.

I'm sorry, I am not buying. I'm not buying Detroit's new plan, and I'm not buying the Union's pitch...and worse, I am not buying Detroit's cars. (But I have tried several times to buy American) The only cars I wanted to buy, the dealerships wanted $25,000 OVER sticker for a Shelby Mustang (2005). new Dodge Challenger $10,000 over MSRP, and the Corvette ZO6, $15,000 over MSRP. This price gouging for "In demand" cars is a common practice with American dealerships. Ask anyone who has tried to buy these cars off the lot. PURE INSANITY! Porsche, BMW, Mercedes, they don't do this stuff. Few if any of the American Car dealers think about the lifetime relationship of the customer, instead, they are only thinking about now. Even "average" cars, Car salesmen try to game you. (No wonder people hate Car salespeople)

Folks, they are going out of business for a reason, they do LOUSY business!!! Most American cars are not what Americans want, and when they come up with a winner, they price gouge. Are these the type of Companies we want to SAVE? Detroit has been getting it mostly wrong since 1970. Wrong with Labor, Wrong with design, Wrong with the Sales process, and Terribly wrong wrong with service and warranties. I cant imagine wholesale changes in a matter of weeks. Bad business is bad business. Propping up a bad business IS Socialism. It certainly isn't Capitalism. So this is my revised answer to Detroit... NO!

No way we should keep these guys afloat. The Detroit model is BEYOND broken.