Monday, August 25, 2008

Um, no ...

Seems the US carmakers want a buncha guaranteed loans to upgrade their assembly lines and develop new cars more compatible with the 21st Century (as opposed to F-150s, Denalis, and V-10 Rams).

WASHINGTON - Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over three years to help them modernize their assembly plants and develop next-generation fuel-efficient vehicles.

Industry officials said the loans, which are twice the amount authorized in last year's energy bill, are a top priority when Congress returns next month because of the declining fortunes of Detroit's automakers and tightening credit markets.


Dear GM, Ford, and Chrysler,


I was alive and aware in '73 (the first gas crisis). The writing was on the wall then. I was driving in '78 (the next gas crisis) and your response was to foist hastily thrown together, supposedly fuel efficient vehicles, that were nothing but rolling pieces of shit (Chevette, Citation, Omni, Pinto). You idiots didn't give a shit when the Japanese started putting their minds to the problem 35 years ago. Instead of seriously looking at alternative fuel vehicles (and hi-mileage gas vehicles), you continued to put out V-8s and V-10s and your vehicles got bigger.

And now, because of your shortsightedness and greed, you want taxpayer money to make you competitive now that the Japs have handed you your collective ass? Fuck you. You should get nothing and hopefully you'll all go under to be replaced by a less myopic bunch (what should have happened to the major US airlines after 9/11 too, by the way).

And a big "fuck you" to all the other US industries (mortgage bankers come to mind) who've reaped big profits on the US taxpayer over the years and now, thanks to their bad business decisions, expect us to now keep them afloat.

Let me ask you mofos something. When did you ever give us a break? During recessions and tough times, when did any of you corporate sonsabitches ever say "hey, times are tough, maybe we should give the public a break now and create goodwill for the future"? I'll bet my house (singular) you never did. When did you ever willingly take less profit to ease the burden on the consumer until the prevailing economy turned around? Never. We need what you got (hello, oil companies; don't laugh, your time will come too) and you milk every bit of profit from us for it, good times or bad.

So I say "fuck you" to the corporate assholes who think the US taxpayer is their personal mint, just handing over money, maximizing your profits and minimizing your losses. The day one of you stands up and accepts responsibility for your idiotic business plans (get rid of golden parachutes for executives and bring CEO pay more in line with the rank and file), you can all just go shit in your collective hats.

No more government bailouts, period.



PS: Now I have to go work on your pieces of shit.

Cross-posted at F & G.

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