Uhh . . .

Despite the tragic nature of the impending doom of the American Auto Industry, I can't help but laugh when reading articles like this. I don't even know where to start . . . It is a good thing the heads of these companies have not had to worry about their compensation packages being based on performance measures with any bearing. At least their financial futures are secure, likely at the expense of all of us. I can only hope that the industry will be thoughtfully restructured and the executives will be hung out to dry.

The slide show on the WSJ site has a lot of images that indicate this was all a long time in the making. Detroit has not been hit by a sudden decline, nor is it news that US auto makers have been churning out terrible product (possibly trucks excepted) for years. I might have to go back and watch Robocop again to see how many elements of the 1987 film are applicable to Detroit on 2009's doorstep.