Big Three Auto CEOs Blow It

Un-freakin’-believable! 

I thought it was a joke…but no, they really did it!

Just in case you haven’t heard…

http://www.cnn.com/2008/US/11/19/autos.ceo.jets/index.html

With the future of their respective companies at risk- never mind the potential ripple effect if these companies were “allowed” to fail- the appearance of callous disregard for what is at stake did not help their cause.

Given that a large number of politicians, talking heads and the public at large are ready to let these and other companies like them hang, one would think their PR people would have anticipated this potential and now very real debacle. Yes, they really could be THIS dumb!

I can’t say that I entirely disagree with this sentiment. This kind of behaviour smacks of entitlement and hubris. As much as they may deserve to fold, we cannot forget that the auto industry accounts for a large percentage of manufacturing in the U.S. and plays a pivotal role in the Ontario economy.

How many jobs would be lost for every job lost in the auto industry? Some estimates run to six or seven or more. Considering the current economic climate, the worst case scenario would be especially devastating.

If the U.S. government decide to bail them out, the first jobs they save will be the jobs in the States. What is going to happen to the plants in Ontario? (Crickets.)

Not long ago I saw a story about an electric car manufacturer in Canada who exported their vehicles to the United States. Their cars could not be driven in Canada due to legislation.

What is wrong with this picture? 

The Conservative party has been trying to get close to the powers that be in the States to keep us in the loop- yes, that is the way to take the bull by the horns.

Is our only option to rely on the whims of a government that has gone through a tumultuous eight year period and an economic crisis that may rival the Great Depression?

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~ by angryegg on November 19, 2008.

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