Sunday, May 13, 2007

Obama's Tells the Truth to Detroit

This is not a political blog, but the topic of Detroit automakers stepped to the forefront with tough talk from Barack Obama:
"This week, Sen. Barack Obama attempted to fuel his presidential run with a scalding speech to the Detroit Economic Club, castigating Motown's big wheels for driving our dependence on foreign oil. 'For years, while foreign competitors were investing in more fuel-efficient technology for their vehicles, American automakers were spending their time investing in bigger, faster cars,' Obama told an audience stunned into silence after greeting him with a standing ovation.'Whenever an attempt was made to raise our fuel efficiency standards, the auto companies would lobby furiously against it, spending millions to prevent the very reform that could've saved their industry. Even as they've shed thousands of jobs and billions in profits over the last few years, they've continued to reward failure with lucrative bonuses for CEOs.'"
And it will the be death of the American automobile industry. The death watch has already started.


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