Wednesday, November 19, 2008

An insider view of the Detroit Bailout

Nice little article here from the Daily Beast by Walter McManus, a U of Michigan Economist who covers the auto industry and used to work in it. I particularly like his idea that Detroit management is individually smart but collectively dumb.....certainly no doubt about the second part.

Oh, and I believe that Budd Baily and I once had dinner at the Waffle House in Gainesville, FL that he mentions, while listening to "Your Cheatin' Heart" on the juke box. And if the Waffle Houses did go out of business too, would that be a great loss?

1 comment:

Budd Bailey said...

I've never been to Gainesville, Florida, home of the Gators.

But I wouldn't be surprised if we had breakfast in Brunswick, Georgia, in a Waffle House.