Bailout Watch 307: Keith Crain Has A Chip on His Shoulder the Size of Montana
I’m sorry to keep harping-on about this. But I am flabbergasted by Fortress Detroit’s reaction to the bailout. Today’s the day that GM and Chrysler actually get their checks. And today’s the day that the doyenne of Motown media Keith Crain continues his incessant, indignant whining. The headline of his Automotive News [sub] column asks “Does it matter anymore?” Intriguing. Does what matter anymore? The $60b or so Uncle Sam’s pissing away to sustain a brace of unsustainable automakers? That would, of course, make sense. As the Brits might say, those of you looking for sense should look away now. “Across the globe, governments are reaching out to help their auto companies survive. Other governments are giving assistance without any of the theatrics that the Detroit 3 had to endure to get bridge loans. And General Motors and Chrysler will be required to return to Washington for more hearings so all the politicians can have more TV time, which they find invaluable.” Yeah, ain’t democracy a drag? There’s more of Crain’s paranoid passive aggressive paternalistic pandering after the jump…
“It won’t be a slam-dunk. There are still people in Congress who are out to get GM and Chrysler, and they’ll be loaded for bear. Plenty of them are still smarting from the last encounter so chances are good that it won’t be pretty even though there will be a new administration and Congress.”
Just because Crain thinks people are out to get GM and Chrysler doesn’t mean someone shouldn’t rake them over the coals for their ongoing incompetence and subject their taxpayer-funded “viability plans” to the oxygen of public debate, does it? Keith?
“It’s going to be tough for everyone except perhaps the UAW, which will have a few more friends than last time. It will be painful for most of us, but you do what you need to do.”
How, exactly, is Mr. Crain going to share GM and Chrysler workers’ pain? And, if AN’s publisher and editorial director is going to suffer from blowback after years of lapdogging his hometown heroes, I’m beginning to wonder if that’s really such a bad thing. Not in any vindictive way, of course. Just in the sense that the free market has a certain… wisdom to it.
Anyway, I’m still not sure what what Crain was wondering about.
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