What happened to free market economics?

In case you need help in deciding whether you support or opppose the “Big 3″ (GM, Chrysler, and Ford) bailout, read Steve Parker’s helpful and concise article.

In “Memo to Detroit: Change Now or Die,” Mr. Parker lists ten reasons why American car manufacturers should change their management and design, if they do not, then we should allow them to fail. Survival of the fittest should take over and make some room for electric, fuel-efficient, green vehicles.

Read on for more!

Some of my favourites:

“2) America doesn’t trust you.

Most Americans think you have brought this disaster upon yourselves, with inferior, irrelevant products the past 35 years.”

I think Ford, GM and Chrysler forgot about their customers’ needs in this century of innovation and modernization. We’re trying to be green and sustainable! Who would want to buy the gas-guzzling, polluting monsters* (cough, *Hummer) at $4/gallon gas prices (although now gas prices have dropped)? No wonder the Big 3 are failing. Anyone who could get their hands on a hybrid or an electric car has done so, and everyone else forgot about the all-American Ford.

“3) Stop fighting.

Since 1970, when the EPA and NHTSA were created, you have fought tooth-and-nail every advancement and improvement in your industry.”

“4) Don’t build what we don’t need.

Shoe-horning your biggest V8 engines into full-size trucks and SUVs, because it was an easy way to make hundreds of millions of dollars, is wrong. And selling them to an audience conditioned to buy them is also wrong.”

“7) Stop blaming the unions.

Workers build vehicles only as good as their design. Bad designs = bad cars. And new car “blueprints” come from your white-collar employees, not blue-collar.”

Ford has been a infamously bad company, even among American patriots. So why is the failing of these companies such a surprise? I’m not shocked at all, but relieved that Ford, GM, and Chrysler are in the gutter. At least now these’s a chance for new and improved car manufacturers to come in and develop green designs that consumers are interested in. (Can’t stop progress!)

“10) If you build it, we will buy.

A great opportunity awaits us on the other side of this crisis; that rare chance to make a fresh start in our lives, schools, corporations and government. We all get a chance to make a difference. And your companies get a chance to build great, relevant cars and trucks.”

Please explain to me why you (Ford, GM, and Chrysler) deserve to get bailed out by taxpayers, when you’ve done nothing but build bad cars for the past 100 years?

FYI: President-elect Barack Obama wants to issue a $25 billion bailout to the Detroit companies.

Source: to read the full article go to The Huffington Post

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