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Monday, December 1, 2008

S.C. Delegation, Still Upset Over Loss of Ashtrays, Weary of Auto Bailout

Posted by Greg Hambrick on Mon, Dec 1, 2008 at 2:52 PM

House Majority Whip Jim Clyburn told reporters over the weekend that he wanted to see the Big 3 automakers fire their chief executives before the Congress agrees to a $25 billion bailout.

Clyburn says that's what happens in football when coaches have lousy records. He says the automakers need new leadership.

We couldn't tell you the difference between a halfback and a fullback, but the coach analogy is one we get. All three automakers will be back in Washington this week (presumably flying coach) to request aid again. We're pretty sure the guys sitting in front of Congress will not offer their jobs to save the companies.

We love how South Carolina's Congressional Delegation doesn't feel like the automakers should be rewarded for their lazy business practices — yet every one of our congressmen own American-made cars. Classic.

Not that we agree that "too big to fail" crap, but we're talking about more than the three automakers here.

“It’s all globally connected and there’s no way to untangle it,” said Bob Geolas, executive director of the Clemson University International Center for Automotive Research.

Bosch, for instance, which employs 2,100 people locally, makes powertrain components that can be found in foreign and domestic vehicles.

The Center for Automotive Research, a Michigan-based nonprofit organization that conducts research and analysis of trends in the auto industry, said that a complete collapse of Detroit’s automakers would have a negative impact on foreign-owned automakers for at least one year.

The center said it would take that long for replacements to be found for suppliers and smaller companies that would also go out of business.

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"yet every one of our congressmen own American-made cars" Got a fucking problem with that?

Posted by Rod on December 9, 2008 at 10:57 PM | Report this comment
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"yet every one of our congressmen own American-made cars" Got a fucking problem with that?

Posted by Rod on December 9, 2008 at 10:57 PM | Report this comment
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Um. Not a problem. I think the argument was that they argue we shouldn't reward bad business practices and then they go and buy these cars, thus supporting those bad business practices.

Posted by Greg Hambrick on December 10, 2008 at 10:27 AM | Report this comment
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Um. Not a problem. I think the argument was that they argue we shouldn't reward bad business practices and then they go and buy these cars, thus supporting those bad business practices.

Posted by Greg Hambrick on December 10, 2008 at 10:27 AM | Report this comment

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