MARK STEYN ON THE BIG THREE AND THE FUTURE:

Can you still see the USA in your Chevrolet? Through a windscreen darkly.

General Motors now has a market valuation about a third of Bed, Bath And Beyond, and no one says your Swash 700 Elongated Biscuit Toilet Seat Bidet is too big to fail. GM has a market capitalization of just over two billion dollars. For purposes of comparison, Toyota’s market cap is one hundred billion and change (the change being bigger than the whole of GM). General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small loss-making auto subsidiary. The UAW is the AARP in an Edsel: It has three times as many retirees and widows as “workers” (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people. . . . S

o many areas of endeavor that once embodied the youth and energy of this great land are now old and sclerotic. I include, naturally, my own industry. I loved the American newsrooms you saw in movies like The Front Page, full of hardboiled, hard-livin’ newspapermen. By the time I got there myself, there were no hardboiled newspapermen, just bland anemic newspaperpersons turning out politically correct snooze sheets of torpid portentousness. The owners of The Los Angeles Times and Chicago Tribune recently filed for bankruptcy protection. . . .

See the USA from your Chevrolet: An hereditary legislature, a media fawning its way into bankruptcy, its iconic coastal states driving out innovators and entrepreneurs, the arrival of the new Messiah heralded only by the leaden dirge of “We Three Kings Of Ol’ Detroit Are/Seeking checks we traverse afar”, and Route 66 looking ever more like a one-way dead-end street to Bailoutistan. Boy, I sure could use a poem by Jacqueline Kennedy Onassis right now, even one of the lesser-loved ones.

Ouch. Well, things got worse because people — politicians, and their enablers — made ’em worse. They’ll get better when people make ’em better.