A good look at the auto industry and DC

Peter DeLorenzo runs autoextremist.com, an automotive site that first and foremost features Peter’s hard look at the auto industry. DeLorenzo comes from the advertising side of the industry and knows more than one industry insider, so he usually knows what he is talking about. He’s no big-three cheerleader though, he regularly whacks their bad product, advertising and business decisions.

I recommend going to his site every Wednesday after his weekly column is posted.

Today, take a look at his recent post which he reflects on the last two committee hearings dealing with the Detroit LOAN package. Today DeLorenzo takes hard look at the fools in D.C.

DeLorenzo:

We then had to watch as each of these U.S. Senators spewed their particular brand of inaccuracies and flat-out misconceptions about the automobile industry in their opening statements. A very few were actually worth listening to – and I mean like two - while most of the others were so blatantly self-serving and out of touch with reality that it was painful to watch. And then some acted like they were just hatched yesterday and were so resolute in their lack of awareness about what was going on and why they had to be there in the first place that it was simply appalling .

Read it here.