Thursday, November 20, 2008

Ah, They Lost Their Rubber Duckies and They've Gone Crying to Mama...

Remember back in the 1980's, when Ronald Reagan talked about that mythic baby-making welfare queen who drives a Cadillac and lives high off the government dole?

Credit: General Motors

Well, yesterday on MSNBC I saw one of those three of these so-called Cadillac-driving welfare queens -- Rick Wagoner of GM -- sitting alongside his counterparts Alan Mulally of Ford, and Robert Nardelli of Chrysler, crying a river of poverty before Congressional committees, tin cups in hand and sob stories to tug at their heartstrings.

This wasn't a Congressional hearing. It was more like a rendition of the old game show "Queen for a Day."

What next? Auto executives standing on highway off-ramps with beggars' signs stating "Will work for food?" Can't they just live a life of genteel poverty like the rest of us struggling folks?

If GM, Ford and Chrysler do fail and file for Chapter 11 bankruptcy, it's because they became commodities that could sell its bowel movements. That's what happens when you build crappy cars and no one wants to buy them, not even at a fire sale.

In any case, it's a long and winding road of devolution from "G.M." to "B.M."...

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