Forty Nine: Car Industry Stupidity

How rampant is stupidity in the American automobile industry? If you need to ponder that question for more than two seconds, you either, a) have never purchased a car, or b) are employed in the car business. Everyone not directly or indirectly in "the business" ( and this applies to sycophants like Phil LeBeau at CNBC), sees the industry for what it is - a broken down hulk of festering problems which have compounded as a result of relentless management inbreeding, producing the current generation of severely intelligence-challenged manufacturing executives, dealers, and groupies (that's you again, Phil).

The only good news in the current situation is that eventually, despite the political triage which will triumph over common sense, the laws of economics will win out, and these bastions of stupidity will consume and waste all available resources and die. Waggoner and his ilk will then be forced into either investment banking or politics.