The Big Three automakers are begging Congress for $25b to "help them out" of the current crisis.
That's junkie talk for "we're gonna keep on doing what we did and you'll keep on getting what you got" in return for it.
In short, there's no impetus in the handout for them to actually change anything about the way they act, react, think or do business.
The junkie analogy is apt. I know a thing or three about addiction, being a recovering drunk myself. I certainly know enough to not give cash to people or institutions like me. The minute your back is turned, they or I will be right up to our old tricks again. That is absolutely true of the auto makers.
They have not learned much since the Arab Oil Embargo of 1973. How do I know that? Easy. SUVs. Period. But the Japanese learned plenty. And that's when the Japs started selling lots of cars here. Oh, Detroit paid some modest lip service to it -- by modestly improving mileage and lowering emissions year after year -- but not without a lot of whining and foot-dragging in the process.
And now the junkies from Motown are standing there, arms outstretched, pleading national security and love of the Fatherland and bullshit like that.
And you know what I say? Go ahead. Give 'em the money. And then nationalize their asses "in the name of national security and love of the Fatherland."