Quickdraw

What Do We Need In 2009? More Failure

Unlike in the case of terminally ill humans, there exist no laws to prevent the euthanization of businesses ...

Pull the plug! Most Americans would prefer to see the Big 3 survive and become healthy once again ... unless that means we all must ante-up from our own pockets an absurdly large sum, to continue life support. It is a commonly accepted premise throughout many fields, that getting rid of the bottom performers promotes a healthier big picture. It is certainly true in the business world.

Few people would knowingly chose to buy the less effective drug, the poorer investment choice, inferior products, or the runt-of-the-litter ... especially not when they are priced at or above better options.

I see the future of the Big 3 resembling this: The phoenix that will rise from the ashes of their galactic short-sightedness and failure will be a better business model. Let them die ... in a few months, perhaps a year or so, the economy will resurrect itself and be stronger for the experience. If we continue feeding this monolithic failure, and throwing good money after the bad, then our grandchildren will still be paying for the priviledge of poorer choices regarding their vehicle purchase options.