No Sympathy For Detroit’s Collapse

November 20, 2008 - 12:30 pm By Rob - UPENN

hummer-h2

I have an economics professor that is such a hippie-liberal-douche, it pains me to hear him speak. Every now and then, though, he says something completely uncharacteristic that I agree with. Being that it is my 8am class on Tu/Th, it leaves me with the rest of the day to ponder.

We give the Detroit Big 3 a ton of crap for being slow in transitioning to fuel efficient and alternative fuel automobiles. They still make trucks and SUVs like they did in the prime of the 90’s waste, F-THAT! Good luck with your losses…right? After some poking around after class, I ran across a fun stat – the same Big 3 spends $25B a quarter or over $8B a MONTH in pension benefits.

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