Back in the day, the road was humming with Locomobiles and Stutzes, Hupmobiles, Hudsons, Kaisers and Studebakers. Packards, Duesenbergs, Pierce-Arrows and on and on.
Then Henry Ford came along and said, how about just one car that costs one price and comes in one color? And the workers will work for at least this much, and work for only 40 hours a week?
Ford had a better idea, and we liked that idea alot.
Before WWII, cars that didn't sustain the public's fancy over time either went out of business or were folded into big hydra-headed companies like GM. Chevy and Oldsmobile were their own lean and hungry companies at one time.
Then Preston Tucker came along with a new car after the war, and
Detroit muscled him out. They were not to high on good ol' American
competition anymore.
Parts were standardized, which was a good thing, and union members all had pools and two-story houses. Everyone was fat and happy, and not motivated to make things any different.
But Japan wasn't too interested in what Detroit thought, and so they just made a better product, and then they kept making it better, and then they kept making THAT better, and so on. They thought to see what we'd think about that idea.
We thought we liked that idea.
Chrysler sold us a 1979 bailout on the premise that they were too big to fail, and now they are back with gimme-caps in hand, as many predicted, along with GM. Ford seems to know how to manage it's money a little better, but then Henry was always a stickler for keeping good books.
See, they're going to fail one way or another. The unions can paint what ever frowny face they want, but a bailout goes straight to the bondholders and the money men, not to Flint. In a bankruptcy, the bondholders and the money men lose too, and Flint still gets screwed.
It sucks to be Flint.
Maybe they should spin off their marques and Chevy is a company and Buick is a company and Oldsmobile becomes a company again and then they are all just the right size, and if one fails, why then another rises up and takes it's place, or maybe it goes away forever, or maybe Buick becomes a division of Toyota.
But "too big to fail" is like McDonald's asking for a bailout because people are eating pizzas now, or Coca-Cola because people drink bottled water now ... they're gi-normous big too, but they compete for their market share every day.
Making exactly nothing but SUVs with mileage estimates of "N/A" when they have had the technology to be making flying hydrogen rocket cars that we've needed in order to survive The Future is exactly like the Fast Food Giants making nothing but unctous fat-oozing salty carbo product when what they should be selling is FOOD.
Just because people want it doesn't mean you give it to 'em. Do you give your kids everything they want? OK, bad example. Do you discipline your own ravenous appetites and exercise and walk five miles a day which wordlessly explains your lithe and lean hot body? OK, another bad example.
So you see now that sometimes the government has to set a standard that people can only have so much fat in their food, etc, whether people like it or not, so that they don't become big cottage-cheese butts walking through the shopping malls like pink baby hippos ... oh ... er ... too late on that one ... never mind.
Well, on this Big Three issue, its not too late for Bush to make one more convenient screw-up and just let them fail.