This email from GM was sent to my inbox today… it was a plea from GM for support of the “bailout,” (I’m sorry, the federal loan)… really? You run your business into the ground because you are big, slow and resistant to change, and now you want us to fund your apathy…? I say no.
I know this has broader, economic implications, that many will lose their jobs and this high unemployment will push the economy into a deeper recession. But I am ready for Detroit to become more than a car manufacturer, develop something else, invent something else, use this time of pinching pennies to invent new ways of doing things. Yes, you the GM executive as well as the you the GM plant worker. It is time to stop pumping out BigMcHugelarge vehicles because of the perception that if you stop the economy will fail. It may falter. But it will not fail. I still believe that American ingenuity and perseverance will move us forward and beyond the fear of change that has a deathgrip over middle America’s neck…. It is time to loosen the belt around our necks and tighten the belt around our waists. It is time to stop looking at the noose and start focusing on shrinking the flab around our waist. I’m talking about getting rid of the excess, start saving, lessen your spending. Eat out less, by more groceries from Farmer’s Markets, cancel cable (gasp!), and celebrate Christmas with a homemade gift exchange.
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Failing businesses should be allowed to do just that: fail. Giving them a bailout will only make things worse in the long run. There was a country a few years back that tried to second guess the market by forcing its supply upon the public regardless of demand – the USSR. Didn’t turn out so well as I recall.