Regarding Louis E. Lataifs column, Its foolish to think Detroit can be run from Washington (Comment, April 13):
-- He says: The Detroit 3 certainly are not without fault, but they have been dealt a lethal blow. ... If that was an attempt at being funny, I didnt get it. I need an explanation of not without fault.
-- Lataif likens the federal stimulus bill to administering expensive blood transfusions rather than closing a significant wound. If there are people who understand transfusions rather than healing, they are in Detroit and have been for a long time. Dont blame others for doing things your industry is famous for.
-- Do the Detroit 3 really need an 18- month loan and then will they be profitable? I thought companies made some attempt at long-term business plans. Was that beyond automakers abilities in the boardroom?
-- Lataif says: The huge auto industry is too complicated to be saved by a small group of intelligent, well-intended bureaucrats with no industrial experience. Compared with the terrific job done by the Detroit bureaucrats?
-- Lataif says permitting a bankruptcy is risky, and Washington may dig its auto ditch deeper. Would it be as risky as all the decisions the Detroit 3 have made for the past 30 years so they could retain their enormous market share?
I am not for bailouts. I disagree with almost everything the Obama administration is doing. But after reading comments like this one from Detroit insiders, I have started to understand why the government is doing all this. Its as if the Detroit executives, present and former, dont think they have done anything wrong.