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Lee Iacocca Discusses The Auto Bailout

By Wyatt Earp | November 23, 2008

As most of you know, the idiots in Congress are discussing yet another bailout. This time, it is for the slumping auto industry. Apparently, all of the governmental controls and regulations - combined with the directives to make “green” (read: crappy) cars - was a recipe for disaster.

Go figure.

Luckily, there are people in the Motor City who understand finance. Lee Iacocca comes to mind. I wonder what he would have to say about this bailout bunk. His alleged plan is the topic of this week’s Family Security Matters piece. Enjoy!

Hello America, my name is Lee Iacocca. You may remember me as the boy genius that literally saved the American automobile industry in the late ‘70s. Yes, I realize that no one, and I mean no one, wants to look back to the time of bell-bottoms, disco, and Abba, but please indulge me for a moment. I spent 32 years working for the Ford Motor Company. Well, until that uppity Henry Ford II fired me. I guess because his daddy created the company that gave him the right to be Caesar? Heck, that Model-T got terrible gas mileage, and had no protection from flying pebbles and stones! Have you seen the faces of the owners of those contraptions? Nothing but pocks and scratches, I tell ya! Now, the Pinto; that was a quality car . . .

I’m sorry. Where was I? Ah yes, my vaunted career. After “leaving” Ford, I landed on my feet and soon became chairman, president, and CEO of Chrysler Corporation in 1979. Boy that was a sweet gig: company car, Cuban cigars, and hot and cold running secretaries. Life was good. And it was good because I was making a quality car at a quality price. Remember the K-Car line: the Dodge Aries and the Plymouth Reliant? Everyone wanted one, and if they couldn’t get one, they stole one. Steal-ability. That is the mark of a great automobile.

You can read the rest of the (hopefully) funny HERE.

Topics: FSM |

2 Responses to “Lee Iacocca Discusses The Auto Bailout”

  1. AJ Lynch Says:
    November 23rd, 2008 at 6:30 pm

    Good one again Wyatt. Bucket of worms for $50 but don’t use Helen Thomas. LOL.

    I am getting ready to buy a new Mustang. Gotta do my part to keep Ron Gettelfinger working.

  2. Wyatt Earp Says:
    November 24th, 2008 at 7:20 pm

    AJ - Thanks. I thought I made a few funnies this week.