Do We Really Want ‘Creative Destruction’ In St. Paul?

The latest GOP/conservative talking point on the possible bailout of the Big Three U.S. automakers is the term “creative destruction,” meaning the sooner the Detroit-based automakers collapse, the sooner something better will spring up to take their place. Minnesota has a stake in this discussion, as we still have¬†a functioning¬†truck plant in Saint Paul. Do we want to take a chance that something better will come along, or is America’s auto/truck industry too important to risk? Discuss. (Full disclosure: GM is a partner of the American Lung Association of Minnesota, where I work as communications director.)

8 Comments so far

  1. greg on November 17th, 2008 @ 2:28 pm

    I hope our politicians have read Atlas Shrugged. I can’t commit beyond that because of my day job.

  2. Robert Moffitt (justpbob) on November 17th, 2008 @ 2:40 pm

    Let me give Greg and the whole MB crew a big hat tip for inviting me to be an author. Thanks!

  3. David (jacc) on November 17th, 2008 @ 3:24 pm

    Your first Metblogs post and you link the lung? That’s what this place has really needed, a paid agenda.

  4. kevinfromminneapolis on November 17th, 2008 @ 3:36 pm

    I think the "American" auto companies will fail now or fail later, so I’d just as soon it not take place after taxpayers fork over some ungodly amount of money. I actually have my own automotive bailout plan, it goes like this: Make cars that are better than the other guy’s.

  5. Robert Moffitt (justpbob) on November 17th, 2008 @ 3:44 pm

    It’s called transparency, cool cat. Not selling anything, just offering up some Full Disclosure.

    On kevinfromminneapolis’s note, I own a VW. It was the best car I could get for the money I had available.

  6. David (jacc) on November 17th, 2008 @ 3:50 pm

    I think there may already be a precedent set here, the airlines. If not the auto industry prior.

    They fail, we bail, they fail, we bail.
    Wash, rinse, repeat.

  7. dvono on November 18th, 2008 @ 8:43 am

    After reading this essay in the Wall St. Journal, I’m all for automotive evolution: let the strong companies survive.

    Just Say No to Detroit

    Given the abysmal performance by Detroit’s Big Three, it would be better to send each employee a check than to waste it on a bailout, says David Yermack.

  8. Erica M (ericam) on November 18th, 2008 @ 10:58 am

    As a native Detroiter who still has lots of family there, my heart worries about the impact on an already terribly economically depressed region.

    But my brain says FUCK corporate welfare.

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