Exceutive FIAT

When the car companies started beggng alms at Washington, I remember people saying we had to keep GM, Ford and Chrysler afloat because of jobs and because we clearly had to have something to drive.

 

At the time I thought it silly. Has Toyota actually shipped a car to the US in the last decade? My wife's Chevy Prizm was built 114 miles from here at a Toyota plant in Fremont, CA. Built in America by Americans for Americans to American (no wait, California) standards in a Japanese plant.

 

I thought at the time that just the thing to would be big three bancruptcies followed by reorganization followed by acquisition by Toyota or Mercedes. If Detroit can't run a car company someone else will.

 

But now I see the wisdom of this new paradigm. US tax payers (not us per se, but the next generation of tax slaves) dump billions into an industry whose management can't find its socks. Then we turn around and give Chrysler GRATIS to Fiat.

 

Fiat!?

 

Hey, maybe Zastava has grown tired of making Yugos and wants to take a crack at the Explorer.

 

Bonuses are a good thing

Everyone in Washington DC is up in arms about the AIG executive bonuses. How distasteful. How wasteful.

They may be the best spent $160 million in the trillion dollar stim package.

After all, who better knows what to do with a couple million in cash? AIG execs will buy Escalades, Beneteaus, and Real estate. When they run out of luxury items to buy, they will still have money to invest in business ventures. Spare change will wind up in banks where all the rest of us can borrow it at interest.

What not a single AIG exec is going to do is go into the backyard and bury it.

As for the rest of the stimulus, two words... shovel ready.