[CWI]

Originally Posted by in a hurry

Dear Danny,



. The auto industry needs cultural transformation to be viable in the future and not just tinkering to get taxpayer bailout funds.

True. Tinkering? WTF?

. The things that ail the domestic car producers-archaic union work rules and unsustainable salary and benefit packages-don't ail successful manufacturers like BMW. This crisis calls for all players to see it in their best interest to remake themselves into a wholly different industry and shed legacy costs and thinking. A prepackaged bankruptcy option may be the only way to cleanly break from the past.
BMW is probably not enjoying large sales during this economic downturn either. They are also nowhere near as diversified as the Big 3 and not affected as severely in the broad spectrum of the market. The Big 3 sales suffer in more areas than just transportation and luxury cars. They must also sustain slow sales in heavy equipment, construction equipment and military equipment. The Big 3 manufactures more than just "driving machines." How did this congressman vote on military spending?


The $700 billion financial market rescue, in contrast, was an effort to prevent a systemic collapse of the banking system on which we all rely.
Will the auto industry not collapse? I hope not. That would certainly not be economically stimulating.

I may be off track, but my thoughts. I own them.