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Should We Bail Out GM, Chrysler, Ford?

Should We Bail Out GM, Chrysler, Ford?

This weekend, a couple of questions for you.  Today,  a pro-and-con about the possible bailout of the top U.S. automakers.  Tomorrow, a discussion of flu vaccines and why people don’t get them.
First, the auto maker bailout:
Two articles in Harvard Business Publishing debated the issue of whether GM/Chryslter/Ford  should be bailed out.
David Silverman says we should bail out GM/Chrysler/Ford and not worry about “survival of the fittest.”  In other words,  he says, if you see a dog get hit by a truck, you don’t say, “tough,” you help the dog. If a company is in trouble, you help first, and ask …read more

No Such Thing as a Free Lunch – How Quickly We Forget

No Such Thing as a Free Lunch – How Quickly We Forget

In the midst of all these bailouts – investment banks, insurance companies, and possibly automakers – I ran across this quote from Lee Iacocca:
There ain’t no free lunches in this country. And don’t go spending your whole life commiserating that you got raw deals. You’ve got to say, ‘I think that if I keep working at this and want it bad enough I can have it.’
Wait a minute!  Isn’t Lee Iacocca the same guy who engineered the  “bailout” of Chrysler back in 1979?  So, Lee, have you forgotten that you received the proverbial “free lunch”?  Or, did you?
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