Auto fellaters

Commie brain-storms home to roost

Who remembers the amount of the Chrysler government bail-out in 1979?  And how much public resistance there was to it?  Answer: $1B.  Of course Chrysler recovered, and paid the loan back.  But what got them into trouble in the first place were bad management decisions, and shoddy products.   Amazing then that Detroit automakers plea for a $50B (now down to $25B) loan to save them has barely made a ripple.  I've been listening to Barney Frank & gang's comic opera questioning of the Treasury/Sec. Paulsen, and by golly  Rep. Luis Gutierrez, (Castro, IL) mentioned it. “ .... blah-blah Now we're gonna take and give 25B to the auto industry while they're taking away health care, and pensions ... blah. ” Luis, you ignorant commie slut (I did laugh at "Now we're gonna take and give ..." though Louie. This time Detroit is making great automobiles that compete and sell world-wide. This time the problem, Luis, is you. “ It must infuriate the auto makers how readily their critics attribute their problems to their own incompetence. Then how to explain that GM is thriving in Europe, selling small cars that get lots of miles per gallon? Buick is among the biggest selling brands in China. GM is running away with Latin America. The Big Three's problem, to be blunt, is North America. They should have pulled out long ago. Not only did history saddle them with a UAW labor monopoly that their foreign competitors have managed to avoid. Even that might not have been fatal had Congress not enacted its "corporate average fuel economy" rules in the 1970s. Look at gallons consumed, miles driven, barrels imported or emissions emitted: CAFE has had no significant impact on energy consumption. Its sole practical effect has been to inflict on Detroit the need to produce, with high-cost U.S. labor, millions of small cars designed to lose money. CAFE has to be the most perverse exercise in product regulation in industrial history. It confronted the Big Three with ... [WSJ - "How to Save Detroit And $50 Billion ... ."] As an aside ... I have yet to hear a single democrat mention the name "Fannie Mae,"