Quote of the Day: Speaking From Experience Edition

by Edward Niedermeyer

Published: June 23rd, 2009

quote of the day speaking from experience edition

“They’re on you day and night. Their oversight is just too extreme. That’s why our 10-year loan, we paid it back in three years. We couldn’t stand the government. The bureaucracy kills you.”

Lee Iacocca in the Detroit Free Press.

Edward Niedermeyer

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4 of 28 comments

Shiney2 on Jun 23, 2009
CarnotCycle :Six Sigma sucks the life out of innovation like few other things.` I couldn't agree more! Six sigma is fine tool for analyzing production - but "six sigma for design" is a mind numbing paperwork generating waste, that serves no new purpose except to create endless meetings and unrealistic decision matrix that spineless middle mangers can hide behind while doing whatever is cheapest and easiest. I don't think Obama or the Bush administration ever expected GM or Chrysler to repay the money anytime soon, if at all. They felt that allowing them to go into an uncontrolled bankruptcy during the end of 08 or beginning of 09 would be too devastating for the economy, and in that respect, they succeeded in what they set out to do. Whether it was worth the money is another debate.

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Derm81 on Jun 23, 2009

Why does it seem like the older auto leaders were more blunt? Lido Iiacocca told it like it was....so did Hank the Deuce. Why can't the current leaders in the automotive industry tell it like it is rather than skirt around every issue?

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RogerB34 on Jun 23, 2009

Obama and Dem Soc's aren't interested in payback of loans. Control is the objective. In recognition of GM and Chrysler GSE status, put them all on Federal Civil Service pay grades.

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John Horner on Jun 23, 2009

"They have not one but three Cray supercomputers in the Tech Center." If true, that is part of the problem. Cray's were outdated, underpowered and too expensive a decade ago. They do make an amazing museum piece though! http://www.digibarn.com/friends/jamescurry/

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