Not So Big Three Need Money From Mom and Dad

At some point in our lives, we’ve all had to ask for a loan from mom and dad. For most of us, that stopped in our teen years. For GM, Ford, and Chrysler, it turns out that the “big bad global economy” is just too much to handle. They need $50,000,000,000 dollars “to make it until next pay-day.”

That’s right – $50 billion dollars in low-interest loans are needed to facilitate investment in “fuel-efficient vehicles.” A loan for “fuel-efficient vehicle technologies” is code for “we need money or we’re going to file bankruptcy and come live in the basement.”

Besides, since when do businesses need help investing in building cars that will actually sell?! GM, Ford, and Chrysler need money so they can build something that consumers want? Let me see if I understand:

1) The not-so-big three surrendered tremendous market share and world manufacturing dominance by building a terrible product between 1970 and 1995, all the while screwing the poor saps that bought their product (mostly the American consumer).

2) The not-so-big three then decide to start closing plants and tossing the American autoworker out on his or her ass between 1985 and the present.

3) The no-so-big three need low interest federally backed loans or they’re going to go under? What happens if they do go under – will the American consumer and/or autoworker have to pay for that too?

Here’s the deal America – it’s time to let one of these not-so-big three bite the dust. No more blind loyalty to an inferior product, no more handouts, no more bailouts, no more loans. Enough.

Learn how to run a profitable business or die – that’s the American way.