Unrepresented Taxpayer (the other 5%)

Detroit is Hemorrhaging

The Big 3 have worked their way into a dinosaur position over 40 years. They are about to go the way to the country's steel industry who also ignored realities over decades. Now the bill comes due and one or two of them will not survive intact. Who's to blame? Everyone in the loop---executives, marketers, unions, banks, and indulging government. Greed and excess abounded along with a false sense of invincibility.

So now where do they go? How about building a truly reliable product for the first time? How about paying more attention to function than frills? How about looking more than 3 years ahead? Toyota and Honda are the world auto leaders because they started answering those questions in the 1970s. I fear it may be too late for Detroit to get the message. Giving that industry handouts is throwing good money after bad.