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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