The Atlantic gives us the cultural inertia reason for the automotive industry, started and perpetuated by The Greatest Generation. Perhaps it's time for counterpoint, Mr. Brokaw?
The paradox: Big [auto] companies make two conflicting statements --"We give the public what it wants" and, also, "Whatever design we choose becomes the accepted style standard through saturation."
And now they want big bail-outs. JJ, compact flying cars, let's get on that.
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...and regarding this proposed bailout, if American tax-payers are going to prop the auto giants back up, shouldn't we expect the auto giant CEOs to make some sacrifices as well? First, what are the CEOs making per year (I heard a figure of 15 million/year; they also flew into D.C. on private jets)? And second, why don't they take a MASSIVE pay cut for a couple years, and put that cash into re-tooling their factories?
This is not beyond what Teddy Roosevelt would ask, or demand. Not at all.
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