Sunday, December 21st, 2008
The auto industry “bailout” is an odd thing. Canada is moving in kind. It seems to me that the money will last a few months, then issues will arise, the same as exist now.
Blame’s not an issue. American’s were purchasing, rather financing, weird cars for years. I still have to struggle in the parking lot with Suburbans and Excursions or whatever blocking off whatever treeline exists in CT.
What will happen in the next few months that changes anything? Here are a couple of ideas, though: put the northern industry into the hands of the union and designers and see what happens, such as re-equiping (see link below). Top management should reduce its paycheck to a 200K cap, even for the chiefs. If you can’t live on 200K (I have no idea what I would do with 200K–it would be interesting, maybe do some more insulating and give more to the groups and charities we give to now), then something’s wrong. Million dollar paychecks, in any economy, are bizarre and must be “overvalued.” Third, take Ray’s suggestion and run with it.