It's really all about General Motors, this big three bailout.
Chrysler is done. Gone. Out of business. Hanging on because no one knows where the light switch is.
Ford is only showing up because of some misguided Detroit auto manufacturer nonsense. Ford is, actually, in pretty good shape.
GM is the Oliver Twist in this drama. "Please sir, I want some more."
Two weeks ago the CEOs of the car companies flew in to Washington on their private jets and expected the Congress to toss up about $25 billion.
It was the jets. Dopes.
The jets were the metaphor everyone had been searching for which would crystallize the anger in regular Americans' minds about all the bailouts to all the greedy thugs who made bad bets which taxpayers are going to have to cover.
Why. Why is there such a focused antipathy toward the auto companies?
Several reasons. The car companies were not the first ones in.
The big Wall Street firms were. And we didn't like them. We spent hundreds of billions of dollars so the slick-hair, Manhattan, Limo, East-Coast-Beautiful-People could maintain their houses in the Hamptons.
Then came AIG - the insurance giant - to get into our gruel and we were really unhappy with that. Especially when they kept holding their high-roller retreats using our money to pay for someone else's spa treatments and truffels.
Finally came the banks which had made us grovel for car and home and student loans and charged us every time we sneezed and pretended they were there to help build out communities but were really there to suck money out of every pore of our communal bodies.
We were really, REALLY tired of all that.
Then the car guys flew in on their private jets and wanted $25 billion … just because.
I know the automobile industry hires hundreds of lobbyists who provide them with excellent advice.
I'm certain that what the lobbyists told the car guys was something on the order of this: Members of Congress and United States Senators are very, VERY sensitive to what their constituents think.
According to a CNN poll "nearly 1,100 people, showed that 61% of those surveyed oppose government assistance for the major U.S. automakers."
That's two-to-one against. Two constituents are opposed to bailing out the car guys for every one constituent who is in favor.
So, the car guys ditch the planes and decide to drive to Washington for their do-over with the Congress. Not regular old cars, but hybrid cars which don't use gasoline but use … arugula or asparagus or something other than gas.
Iranian Exiles Have Suffered as We Have Ignored Tehran’s Expanding Influence in Iraq | Leo McCloskey