3 Blind Mice:Gm,Ford,and Chrysler

Three blind mice,three blind mice,see how they run. They all ran after the farmers wife,who cut off their tails with a carving knife,Did u ever see such a thing in your life, As 3 blind mice. This old english nursery rhyme describes where the American automobile industry is right now. Running scared from the competation who is close to cutting their tails cut off. Gm already has had its tail cut-off. Soon according to Goldman Sachs Gm will be out of money. The little 3 once know as the Big 3 are in deep trouble. All of them can trace their problems to bad management. They who once complained about government interfence when the goverment forced them to make smaller cars by raising gas mileage requirements are now asking for a government backed hand-out. Gm's managment arrogant,selfish,stupid would only piss the money away. Remember this is tax payer money they are asking for. People work hard to pay those taxes and to have to watch Rick Wagoner(gm's chairman) flush that money down the toilet would be heartbreaking. Gm should be saved but only after they are in chapter 11. Ford now has someone running the company who has made some smart moves. He sold Jaquar and Land Rover just at the right time. Because of high fuel prices both have lost a lot of their value. Allan Mullaly's(Ford's Chairman) timing was good in getting rid of them. I think Ford would be a good risk for government backed loans. Chrylser I still dont think has the right people running it and think loan gurantees would be a bad risk. The little 3 must be saved and but there has to be a lot more negations before the government gives them any money. In Gm's case they shouldnt receive a dime until management is gone and shareholder equity has been wiped out.