While I have little pity on a company that kept pushing Hummers when we needed something less dicky, the few American workers they do have deserve a better fate.
Kyl and Shelby are declaring the U.S. auto industry dead. That will come as great news to the UAW and all the employees these companies hire. The incoming administration has made it clear that corporations will get their tax breaks when they hire American workers. To not let American auto companies and their employees get that chance is suicide.
Jon Kyl and Richard Shelby. They're about as anti-American as they get.
Sens. Richard Shelby
of Alabama and Jon Kyl of Arizona said it would be a mistake to use any
of the Wall Street rescue money to prop up the automakers because a
bailout would only postpone the industry's demise.
"Companies
fail everyday and others take their place. I think this is a road we
should not go down," said Shelby, the senior Republican on the Senate
Banking, Housing and Urban Affairs Committee. "They're not building the
right products," he said. "They've got good workers but I don't believe
they've got good management. They don't innovate. They're a dinosaur in
a sense."
Added Kyl, the Senate's
second-ranking Republican: "Just giving them $25 billion doesn't change
anything. It just puts off for six months or so the day of reckoning."
Yeah, they're right. Kill them all. Don't give them a chance to get their affairs in order. Just kill 'em. Make it Obama's fault, and you'll be the first to declare it so.
They wonder why America's turning on them. Look in the goddamn mirror.