GM is a big company. The combination of Ford, GM, and Chrysler has a major financial influence on our economy. If you’ve read my blog in the past, you know what I think of GM. They are big, fat, and stupid and can’t seem to figure out what people really want or need.
That said, we can’t just walk away when they get close to going belly up. In spite of their weaknesses, GM puts 39 billion dollars into the market through their suppliers and employ thousands of laborers. I think the U.S. needs to be strong in manufacturing, so letting our auto industry fail is not in our best interest.
There is talk on their airwaves from career politicians and financial analysts that we need to refocus the auto industry on producing “green” vehicles if we are going to help bail them out. I would settle for a restructuring that boots out the wall street installed loser executives and replace them with tough decision makers who can eliminate wimpy middle managers and put together product plans that produce cars that people want to buy. If GM produced a car that mirrored the performance of my Volkswagen station wagon or Audi sedan, I would be happy.
Yes GM is strangled by unions and yes wall street is always looking to the short term, but there comes a time when we have to look to the future and show labor a little tough love. Product decisions belong in the hands of creative engineers and product managers if the industry will succeed. No one will like the fallout from the tough decisions, but on the other hand, no one wants to lose their industry and jobs forever. Ask the steel workers of the 70’s and 80’s. If tough concessions would have saved their jobs in the long run, they would be a heck of lot happier than they are now.
The alternative is to do nothing, and resign ourselves to buy cars from the same people who sell poison milk to babies.

Gregg