Saturday, January 24, 2009

And the auto industry is still waiting


Could Detroit do a lot of things differently?  Absolutely.  And they know it.  The Big Three are already working to change a lot of their "business as usual" ways, debuting great new cars at the Detroit Auto Show and making a lot of tough decisions.

In the meantime, the TARP program is getting ready to shell out another $350 billion even though the banks aren't sure where the first $350 billion went.  Hey, at least the Merrill Lynch CEO got a nice new office makeover last year (a bargain at just $1.22 million -- and isn't it important to have lovely surroundings when you're firing thousands of employees?).

Let's hope that the final stimulus package shows a little more common sense...

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