I watched with disgust the hearing yesterday in the House on the possible Detroit bailout. I knew our congresspeople weren't the best and brightest, but I didn't know they were plain stupid. One after another, they showed their complete ignorance of what is going on and how they waste time and money with posturing and inanity.
We're talking here about an incredibly important matter of policy that deserves really serious consideration and incisive analysis. What penetrating questions did our congresspeople ask? Several of them asked about their own cars and the problems they had getting service. Others wanted the Detroit CEOs to say they'd use any money they got to support their dealers (and of course one of the many structural problems Detroit has is too many dealers), as if Congress wasn't capable of crafting a law that would accomplish that. Others harped on protecting the workers (i.e., unions), whose refusal to share the pain is, of course, a major part of the problem.
I wanted to throw up, or move to Canada (or somewhere). You don't believe it's that bad? Watch some of the hearing and decide for yourself.
Thursday, November 20, 2008
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