Crocodile Tears for Ford Motor Company
The name, the Ford Motor Company, conjures up the historic American automotive pioneering spirit and a proud heritage. But is anyone feeling the slightest bit of sympathy for Ford Motor Company these days? Who can sympathize with corporate decision-makers who have brought this once proud company to this level of incompetence, bad planning, poor design and thoughtless forecasting? Why have they not resigned or been fired long ago? Whatever happens to them, you can be sure they all have their golden parachutes.
To be sure, it is the Ford workers who will suffer the most. It is their jobs that are being eliminated. Eventually, it will probably be their pensions and benefits that will be reduced or lost entirely. It's particularly insidious how the trade union jobs are the main target. How does the reasoning go? Well, we wouldn't be in this trouble if it weren't for all those overpaid union workers. See how easy it is to blame someone else? Especially union employees?
Watching C-SPAN this morning, I was struck by the vast majority of people calling up telling how shoddy their Ford vehicles are, and how they would never buy another one. I pass by my local Ford dealers and what do I see? Their parking lots are filled with huge SUVs and F-350s, F-250s, and F-150 pickup trucks. I saw a local TV ad pushing the Ford Expedition, a 9 seater, 14 miles per gallon (the reality is probably less), over two-and-a-half ton tank, as a family car. This is the insanity that has been governing the American automobile industry for years.
American car companies have been the walking dead for years and they are only just discovering it. They will soon be sitting on the biggest pile of automotive scrap metal and plastic in history and will maintain it wasn't their fault.