Bailout Watch 508: Let's Blame the Bankers (Jews?) Pt. II

Robert Farago
by Robert Farago
bailout watch 508 let s blame the bankers jews pt ii

As the Motown meltdown rushes towards its not-so-final denouement, a clear meme is emerging: blame the bankers. Last week, Detroit News columnist Daniel Howes suggested that Americans will finger Wall Street suits for Chrysler’s collapse. It was an odd not-to-say-jarring proposition—given that Chrysler’s management has done just about everything it could do destroy the automaker’s rep save impregnating car seats with swine flu. Ditto GM. And there’s a darker side to this idea, which I’ve previously resisted mentioning. I believe this line of thinking raises the specter of ye olde “international Jewish banking conspiracy.” I know, I know. Call me a paranoid fantasist (I’ve been called worse). But try reading this Automotive News “analysis” from an anti-Semite’s perspective: “The debate over the U.S. government’s bid to reshape the American auto industry through bankruptcy comes down to this: the spreadsheets of a handful of former investment bankers pitted against the street sense of thousands of U.S. auto dealers fighting to survive.”

Here’s something from this article I find a little disquieting:

The autos task force led by former investment bankers Steve Rattner and Ron Bloom has driven GM and Chrysler to slash costs and cut debt—through bankruptcy if needed.

As you may or may not know, Rattner and Bloom are Jewish. Well, if you didn’t know it, or care one way or another, some people do. Here’s a comment posted on the neo-Nazi re: Rick Wagoner’s forced resignation: “Rat-faced Jew Steven Rattner is Obama’s ‘chief auto industry adviser’, so yes, he probably did make the call for Wagoner to resign.”

I’m not accusing Automotive News of anti-Semitism. But scribe David Bailey should have realized there ARE anti-Semites out there, and that his article could serve as ammunition for these people. Not so very long ago, “blame the bankers” was a pass-code for anti-semitic vitriol.

And since Chrysler’s dissolution and GM’s implosion aren’t the bankers fault, and as the two gentlemen named seem to be bending over backwards to bailout the unbailoutable, why go there?

Anyway, Bailey’s main point: bankruptcy, whether impending or actual, hurts GM sales. For this I paid a subscription?

[NOTE: I’m turning off TTAC’s anti-flaming policy—towards the site–for this blog post. If you’d like to comment about my editorial choices in running this piece, please feel free.]

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2 of 58 comments
  • Kevin Kevin on Apr 27, 2009

    It's not the Jews. It's the Templars!

  • Ronnie Schreiber Ronnie Schreiber on Apr 27, 2009
    Likudnik propaganda I think that's another word that can be retired, Likudnik. Likud is a center right political party and not at all extreme by Israeli standards. Most of the people who whine about "Likudniks" in the US conservative movement don't have a clue about Israeli politics. Of course when CNN describes the Israeli Labor party (an official member of the Socialist Internationale) as "moderate" instead of left wing, I guess they have to make anyone to the right of Shimon Peres or David Ben Gurion into a raving right winger.

  • Azfelix From certain angles the bonnet appears oversized with respect to the rest of the car - like a skinny teenager wearing a bulky sweater nicked from her older sister's wardrobe.
  • Tassos This is way too god damned OLD, 21 years old to have all the necessary options you need TODAY. You need a 10 year old or less car. AND if you give us THIS POS, a 21 year old model, that is not even a LUXURY car, whoever pays $10k for a Golf, And I Do NOT care what anniversary it is (they are all UTTERLY INSIGNIFICANT) deserves to get this MOST UNRELIABLE AND COSTLY TO REPAIR OF ALL LOUSY ECONOBOXES< EVEN THE DOMESTICS AND THE KOREANS.
  • Tassos As you say, Toyota confirmed this on TUESDAY. Today is WEDNESDAY. Why is everything on TTAC held back one or more days before you tell us the NEWS when it is NO MORE THE NEWS?
  • MRF 95 T-Bird You can find a decent and far more stylish Audi TT or an S4 of a similar vintage for under $10k.
  • RHD "In all situations, the grip of the tires (225/40R18 front, 225/35R18 rear) brings with it road noise."Are the rear tires actually smaller than the fronts??!! Adding just a bit of sidewall would take care of the bumps and rough ride. I'm not a fan of BMWs, personally, but this is a very enjoyable car. There are times when driving a convertible is pure bliss, and with a bit of power it's fun as well. (And certainly a better drive than a gussied-up, overpriced German taxicab!)