The Obama administration said today that ailing U.S. automakers GM and Chrysler earned failing grades for their turnaround efforts -- and a D+ for penmanship -- so far.The companies will be given only one more chance to demonstrate their plans to return to solvency, which both say will likely involve the alteration of the "F" on the Obama administration's report card to become a "B+".
"After years of staggering losses, we now see that the letter 'F' can be changed into a 'B' with just a few lines," said Darren Patesh, a spokesperson for GM. "Ladies and gentlemen, our company is saved."
He added that the company planned on adding a "+" to the B to demonstrate GM's "commitment to adding things, such as more bailout money to our balance sheets ...please?"
At the White House today, President Obama agreed, saying that Detroit will qualify for additional bailout money if he is fooled by the new letter grade.
"But this is, without a doubt, the last money you are getting for a long time," the President fumed, taking out his wallet. "I don't know what you spend this on, but sooner or later, you're going to have to learn some responsibility."
"Now go on, get out of here," he said, breaking into a smile. "You kids know that we love you."
With the new revised B+ grade and the possibility of more rescue funds to come, GM and Chrysler both say they will be "totally fine" for the next 3-5 weeks.
"I'm not sure what we'll do after the money is gone, but who cares? That's so far in the future you'd need a time machine just to get there," said new GM CEO Fritz Henderson.
"All they have to do is sell a few cars," said Christina Hopewell, an industry analyst. "Cars are really expensive. If they sold even 10 cars in April, that would raise like, a lot of money."
Hopewell added that the auto companies could play the lottery or invest in stocks that look risky, but will probably work out in the end.
"Hey, yeah!" Ed Montgomery, President Obama's new autoworker czar, said when told of this
idea. "Attention auto industry: this is your czar speaking. Please give some of your bailout money to the financial companies. They need it more than you do, you idiots. Thank you."Will all of these drastic measures really save Detroit? Only time will tell, but many citizens across the nation seemed warily optimistic.
"Uh, yeah, no, I'd totally buy an American car," said New Jersey man Jethro Olympus. "They got all those loans and stuff, so ...that's good, I guess, right?"
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85 comments:
I support GM,but Obama did the right thing,I hope now President Obama makes GM sell the plants in China and Korea and use that money here,but since Obama bought Chinese electric cars for our government to use,I don't think he will,which doesn't help.
Jethro Olympus? Doc, you crack me up.
Between this blogpost and yesterday's blogpost and comment by Dr. B., I think the GM satire has run its course (until they go bankrupt anyway)
As long as it continues to be laugh out loud funny (and it has), doc can post anything he wants as often as he wants :)
I'm all commented-out, and have nothing further to say except I'm trying to look at the bright side.
Maybe this will breed a whole new American car company or 3.
This is obviously a tough call, to say the least. It seems as though this action is the 'best' of both worlds---Keeping the companies afloat for at least 60 days, while working to restructure the companies. Not to make like of the situation by this analogy, yet it's kind of like getting an "incomplete" on a school assignment. You don't pass or fail, yet you have time to improve your product. Or like doc says, you can change your grade with a few pen strokes LOL
Wow! I clicked on the link, and there really IS an autoworker czar. Who knew?
Pres. Obama is right for expecting Union members to make concessions (GM can't pay the salaries that is required if it wants to compete-based on cost -with foreign car companies). Outsourcing has depressed wages. The depressed American wages will lead to lowered prices for consumer goods -less demand- as we are already experiencing around us. It will balance itself out.
As for bondholders, those who invested in the stock markets and pension plans have lost heavily, families have lost value on their houses, people have lost their jobs, the bondholders should understand that we are in an environment whereby recouping your total investment at past value is not possible.
GM just paid out $5 Billion in frigging Brazil for a new plant. That CEO had to go. He should be horsewhipped.
GM gave no plan during all of this time. Incredible. Hopefully this medicine encourages the company to keep afloat.
the news did not say that GM failed to submit a plan. It said that it failed to submit a "viable" plan, whatever that means.
It means it was as much of a plan as the Republican budget plan.
lol
They had ample time to plan for restructure, they just didn't bother. But they had time to buy a new plant in Brazil for 5 Billion Bloody Dollars. So much for looking after American workers.
Well the Right should be happy. This is "let them fail" in action. The fallout from this is going to be significant, lots of folks are going to get hit.
You got that right, especially if more money flows to AIG and the rest of Wall Street. Doc hinted at this in his blog today:
"Hey, yeah!" Ed Montgomery, President Obama's new autoworker czar, said when told of this idea. "Attention auto industry: this is your czar speaking. Please give some of your bailout money to the financial companies. They need it more than you do, you idiots. Thank you."
You are correct, but I'll make you a bet that the banks will be screaming that he should help them more. If seems no matter what Obama does the right is not happy.
You are correct. They are so devolved that they prefer to be right, whatever that means to them. The Left differs from the Right in that if Obama screws up, the Left will call him on it; whereas the Right to this day holds its tongue in criticism of the Bush administration, when they should be yelling the loudest for being sold out.
This will concentrate the minds of other CEO's, whether they took TARP money or not. They have to do better. If they're banks, they're now motivated to start loaning money. If they're non-bank financial institutions, they're motivated to perform their own stress tests before the government does it for them.
GM and Chrysler are the first sign that the Obama administration is going to pursue the "beatings will continue until morale improves" strategy that Reagan used to such great effect on unions. Failure will not be an option. Regulation WILL come back and caviling about it in this torches-and-pitchforks atmosphere isn't going to be received with any sympathy.
The masters of the universe on wall st. have lost the illusion, as far as I'm concerned: We are ruled by corporate interests and that "pay no attention to the men behind the curtain" act no longer cuts it. It'll be interesting to see how this plays out.
I just don't get it. If these corporations are so damned afraid of being taken over by the government, then why are they so quick to take government money?
What I think is they were willing to take it under Bush's man Paulson because he wasn't going to say anything about where the money went and how it was supposed to be used; as a matter of fact we still don't know where alot of the money that Paulson gave away went to.
It comes down to this, run your company in a way that does not need government assistance (and please don't tell me that GM's/Chrysler's problems are all due to the credit crisis, they have had about 5 years of negative earning).
If you ask for government help then understand that conditions will be placed upon you that you might not like. Car manufacturers are like the banks, they did not like the conditions given to them for TARP funds so they returned the money, GM/Chrysler you are welcome to do this as well.
And this is a surprise how ???????
When are the bankers, mortgage writers, corporate CEO's, and the rest of the financial industry thieves going to follow suit and step down ???
Better yet how about prison for all of the real estate and mortgage thieves who wrote all of the fraudulent subprime loans and the rest of the thieves in the financial industry ??
Don't forget all those people holding the gun against people's heads to sign mortgage papers for loans they couldn't afford.
I think it's sad that anyone would lose their home, but I don't have an incredible amount of sympathy for the irresponsible.
What ever happened to personal responsibility? I don't think there's a loud enough discussion about that right now.
I think this is the right approach for both companies. I haven't thought of Chrysler as a viable stand alone entity since this whole mess began; I'd raid it for Jeep and it's dealerships and toss the rest in the trash.
GM still needs to put in more effort. GMC has to go; all it is is a discount brand against Chevy trucks. Buick is iffy. It appeals to a certain age demo for the most part, but they're meant to be low end cadillacs are high end chevrolets. (Think of a nicer take on the Caprice of the 90s.)
GM might be able to make it through, but they need to come out with more reliable cars i.e. stop building them in Mexico, cars that people actually want, and get some people in upper management that don't suffer from cranial-rectal inversion.
We must write these dems to get them on board. We need President Obama and our budget passed the way President Obama outlined it.
Blue Dog Democrats - Senate
LEADERS:
Evan Bayh, Indiana - http://bayh.senate.gov/
Tom Carper, Delaware - http://carper.senate.gov/index.cfm
Blanche Lincoln, Arkansas - http://lincoln.senate.gov/contact/email.cfm
MEMBERS:
Michael Bennet, Colorado - http://www.senate.gov/pagelayout/senators/one_item_and_teasers/bennet.htm
Mark Begich, Alaska - No Information Available
Kay Hagan, North Carolina - http://www.senate.gov/pagelayout/senators/one_item_and_teasers/hagan.htm
Herb Kohl, Wisconsin - http://kohl.senate.gov/
Mary Landrieu, Louisiana - http://landrieu.senate.gov/2009/index.cfm
Joe Lieberman, Connecticut - http://lieberman.senate.gov/index.cfm
Claire McCaskill, Missouri - http://mccaskill.senate.gov/
Ben Nelson, Nebraska - http://bennelson.senate.gov/contact/email.cfm
Bill Nelson, Florida - http://billnelson.senate.gov/contact/email.cfm
Jeanne Shaheen, New Hampshire - http://shaheen.senate.gov/
Mark Udall, Colorado - http://bennelson.senate.gov/contact/email.cfm
Mark Warner, Virginia - http://warner.senate.gov/public/
View their voting records at: http://votesmart.org/
View who's throwing parties for them: http://www.politicalpartytime.org/methodology/
I wrote to four senators today. Take action. Write to them and express your feeling that they should support the Obama budget and stop the political posturing and the chronic divisiveness of the dem party. We voted for President Obama, not these obstructionists.
1 Million Jobs Lost to NAFTA
Was Ross Perot right?
It was only a" A Vague Memory" during
The Democratic Presidential Debate
Watch:
http://www.youtube.com/watch?v=Pb8rxgc-YQA
Canada is part of NAFTA and they have lost an incredible amount of jobs so it isn't working there either.
Our conservative government wants to keep it in place & that is a mistake, it has to be renegotiated. For both countries's benefits.
I agree with you. In addition, Mexico is now in the midst of a violent Drug War that it is losing.
Pray for all of North America.
Everyone (conservatives, liberals, and moderates) can agree that if GM and Chrysler had presented a viable plan to President Obama, he would have bailed them out.
If you like him, you'd say he's doing it to help hardworking American families. If you don't like him, you'd say it's because he's owned by the unions. Either way, you should agree that he wanted to keep these companies alive.
Therefore, I *have to* assume that he was not presented with a plan anywhere close to being viable which led him to deny the funds.
This is good news. GOOD WORK Obama. This was a smart play. It's time for us to face the grim reality of the situation, and denying them further monetary help was certainly the first step.
GM brags and brags about all the "models" they that get more then 30 mpg. That's highways miles and one model with an option package is considered a different model!
Look at the combined mileage and you will find their BEST veh is the Malibu Hybrid and it gets only 29 mpg. A frakkin' HYBRID and will not do 30 mpg!
I am so glad the President got rid of Wagoner.
I think the attitude of the President is that people will have to be supported when and if GM/Chrysler fails. Remember- whole states planned their economies on one industry, if that industry fails the state takes it as a whole. There must be planning to ensure that the state survives and the people who work at the plants are either relocated or taught to do something else. What people don't like to admit is that Michigan only has 900,000 people, the auto industry has been in bad shape for a long, long time.
Look, Ford has found a way to keep operating and hasn't taken bailout money. Why can't GM or Chrysler follow Ford's lead?
They've had since last fall to get their act together since they first went, hat in hand, to DC asking for a bailout. I think GM, in particular, played chicken and is now losing.
Obama is between a rock and a hard place with this thanks to GW Bush dropping this in his lap and not resolving this last fall: he (Obama) and most Americans don't want to see a lot of people out of work and the negative effect that could have on the economy; but, on the other hand, both Chrysler and GM, in particular, appear to be money pits and the American taxpayers are fed up with giving tax dollars to badly managed companies who, many perceive, won't be able to make it without coming back in another 6 months asking for even more bailout money.
Enough is enough. It's a tough call but I think not giving GM or Chrysler more bailout money is the right thing. Maybe this will galvanize them to get serious and they can pull it together before the next deadline and knowing this is the last act and if they miss it they face oblivion.
GM isn't dead yet - and tens of thousands of employees have already been laid off, given an early retirement, etc. This guy was opening factories in China - he helped kill their EV1 electric car and made them put all their money on trucks and SUVs. He kept sailing into iceberg after iceberg. Now GM has no car to put them back on top. They're way behind the competition, and nobody is buying them anymore.
Why not give some of that money to a company like Tesla Motors. They already have a good thing going on and it seems we could get to our goal sooner.
This would be a HUGE move in the right direction. Only problem, they are too forward thinking for most Americans to comprehend. It's quite unfortunate considering what they have accomplished with plug-in technology.
Ding ding ding!
Did you see the newly unveiled Tesla Model S electric sedan? I'm a form follows function kind of guy, but this car is simply gorgeous.
Elon Musk really has his act together. Between Tesla and SpaceX, he's becoming remarkably successful at shacking up two industries that had seemed nearly impossible to shake up.
Yeah, so they can make another $100K sports car that 10 people will buy!
Honestly, I'm impressed with what they've done, but we need more affordable cars, not exotics.
The only thing that is going to save the American Auto industry is if patriotic Americans buy American cars instead of foreign makes. The cars may not be exactly what you want, but let's face it - they will get you from point A to point B. Put your money where your mouth is and BUY AMERICAN FIRST in everything. Only you can save America! DO YOUR PART!!!
Precisely the logic that got us all into this mess. It's not really what you want but "Rah rah go USA." C'mon dude! That's what fueled Bush's second win. You didn't really want him but it was unpatriotic to not vote for him (or you were voting for the terrorists or some similar nonsense).
The US car makers have, for WAY too long, put out product that doesn't fit demand. And they have fought tooth and nail against things that people want (e.g., higher mpg... seatbelts, which we can thank Ralph Nader for...). Even now they still have their heads in the sand... I just saw an ad in Discover magazine for a US car with a FRIDGE in it... do they think people don't know what a cooler is?. I don't want a super high-end muscle car or suv, I want a car that has good mpg, good reputation, good safety, and is cheap. Build that, we're good. Until then, I like my Mazda 5.
Toyota and Honda make cars in the US too employing US workers. that's american enough for most of us.
Obama4life: The only way to support US car-makers is to buy the best car you can find. if those are Japanese or European then so be it. It forces US automakers to improve their products to compete. It happened in the 70's and 80's when Detroit had to greatly improve their cars, and it should happen now.
Buying inferior junk just because it is American is NOT patriotic.
"The only thing that is going to save the American Auto industry is if patriotic Americans buy American cars instead of foreign makes."
What crap. First, the distinction between American and Foreign is becoming thin at best... I live less than 20 minutes away from a Numi plant, where Toyotas are being built by Americans.
The PATRIOTIC AMERICANS running GM and Chrysler should have enough PATRIOTISM not to sell SHIT to Americans and call it chocolate mousse.
It's my PATRIOTIC DUTY to get the best product my money can buy, to safeguard my family's safety, financial security, etc.
GM could never appeal to the wine and cheese crowd because GM is too American.
One of the problems with GM is that Wagoner and much of their upper management structure IS the wine and cheese crowd. Too arrogant to change a failed business model.
Wagoner's ousting is over-due. Most of GM's upper management should go right behind him. Let the young turks in the company have a shot.
GM is actually poised to make a turn around if they can weather this: global sales were on a dramatic up-swing, Cadillac producing the world-class CTS, the chevy Malibu the best passenger car they've produced in 20+ years, the acadia/outlook/traverse a serious competitor against the likes of toyota and honda suv's etc.
The young blood fueling that kind of change needs to be leading the company, not the patrician wanks like Wagoner.
Look at all the RepublicKlan outrage over Obama DENYING funds to the auto industry. The same drooling fiscally conservative Flat Earthers that apposed the first bailout-- now support them. I love the flippy-floppy, and Palin smarts that go into the party of NO ideas.
Yeah, the repubs are all suddenly crying about AIG. I'm sure most of them invested in it.
Those pretending that the president is displaying a bias towards the bankers over the auto manufacturers are clueless. What do they not understand about the term financial catastrophe? The auto manufacturers need to get their act together and the president is doing the right thing by forcing all involved to get back to the table and find a real plan.
I agree with you. The banks will be regulated again, and those greedy pigs who controlled them will be cut down to size, now that we finally have a real President and not another muppet (no offense to muppet fans).
In trauma terms the banks are receiving blood transfusions to keep them alive long enough to survive amputation surgery.
Best selling automobile in the US in 2008: Ford F-150
Second best selling automobile in the US in 2008: Chevy Silverado
Best selling car of 2009 through February: Ford F-150
Looks good, until you know why.
First, ALL of those numbers are inflated by fleet sales. The profit from fleet sales is next to NIL.
The question becomes, why produce and sell so many trucks that make little to no profit, and in some cases lose money for each sale?
Because they have union contracts that make it more expensive to close down plants than to continue producing those vehicles, sometimes at a loss.
The real problem with the American car industry is that it has become production driven instead of sales driven.
In other words, they produce what they have to because of various contracts, then jam it down dealers' throats, where they sit on the lot for months until they have to offer customers thousands of dollars in rebates to buy them.
It's a corrosive cycle. It gets to the point that the customer EXPECTS employee pricing or 6,000+ in rebates when buying an American car, or they won't touch it. The business model that's developed because of the above is killing them.
Had the Republicans "detailed budget" actually contained numbers, I'm certain it would have saved the auto industry. Just ask them.
LOL. I hear their budget contains a lot of dot-to-dot pictures, some crossword puzzles, and a coloring section. No math, of course. Gets fuzzy.
Well, the only way they'll get people to buy their cars is if they make competitve cars, which they do not right now. They need to take care of these problems:
1. They need to fire their top executives who took them into SUVs and trucks only.
2. They need to push for universal health care
Our car companies are competing with companies from countries with universal health insurance. We're the only country that shoves piles of money to the useless, criminal health insurance industry. Until we get these two problems fixed, no amount of flag waving will get these companies back up and running.
Last one leaving Michigan, please turn out the lights.
build a small, energy efficient commuting vehicle for $5,000 or less. They'll flock to your doors. I'd maybe even trade in my bicycle.
I'd buy one :)
That solution will help you but won't do anything for car manufacturers.
All the profit is on large expensive cars.
Smaller cars have little or no profit margins.
The problem with the big three is that they don't make profits.
They can make a small car but there's no money in it.
They also need to get universal health insurance ASAP. The auto industry - among others - is dying in part so that health insurance workers can live comfortably off the sick and the dying. They are competing with one hand tied behind their back the whole time. No other nation makes its auto manufacturers dump billions on a phony health insurance industry.
No doubt.
There are perhaps four areas where a ten-fold cost reduction and quality improvement are possible, freeing the country to lift us out of the mess we are in: Health Care and Energy first and then Education and Defense.
I've had two brand-new cars in my life, a Chevy and a Subaru.
The Chevy was defective from day one (the day I picked it up, the window crank fell off), eventually required a new motor, then transmission, and with many repairs it limped along for 100,000 miles, getting about 12 to 14 MPG along the way.
the Subaru has just gone over 150,000, gets over 20 MPG, and it's few minor niggles were happily taken care of by the dealer.
I for one will never buy another GM product.
Whose fault is that?
The auto industry is suffering, and so are a lot of companies right now, because the health insurance industry has to take their money.
Why does health insurance still exist? How many workers work in that industry? A million? Two? Well they're suffocating all the other industries, like automakers.
We're the only major car manufacturing country on the Earth who doesn't have universal healthcare.
We will not ever be able to compete with Japan and Europe until we get it.
Something like $2,000 plus of every car goes to health insurance companies.
We can't tackle this problem until we do something about that one.
We rank #1 in the world in healthcare cost per capita.
We rank # 37 in healthcare quality.
http://www.photius.com/rankings/healthranks.html
http://www.kff.org/insurance/snapshot/chcm010307oth.cfm
72% Americans want government involvement in healthcare.
http://www.cnn.com/2009/POLITICS/03/05/health.care.summit/
59% physicians want single payer, nationalized health care (32% opposed). http://www.wpasinglepayer.org/PollResults.html
66% of Americans want a Single payer healthcare system.
http://online.wsj.com/article/SB119127620102645595.html?mod=rss_whats_news_us
We have the most expensive and one of the worst systems among five industrialized countries in a recent study.
http://www.commonwealthfund.org/Content/Publications/Fund-Reports/2007/May/Mirror--Mirror-on-the-Wall--An-International-Update-on-the-Comparative-Performance-of-American-Healt.aspx
We have among the highest infant mortality rates of industrialized countries.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2091rank.html
Why Chrysler should NOT be bailed out:
-- Cerberus Capital management OWNS Chrysler.
-- Cerberus Capital management is one of the largest private equity investment firms in the United States.
-- Cerberus Capital management REFUSES to bail out its OWN company (Chrysler).
Why should the taxpayer?
We have agreement here. Bravo.
Me, too
DETROIT (Reuters) - Cerberus Capital Management has received $5.5 billion in U.S. government funding for Chrysler and its financing arm and is seeking more, while maintaining what critics see as a black-box approach to disclosure.
At the center of the debate is a big unknown: the identity of investors that provided Cerberus CBS.UL with funds to buy 80 percent of the struggling automaker from Daimler AG in 2007 in a $7.4 billion deal.
With U.S. President Barack Obama set to deliver a decision on Chrysler's request for more aid, critics say the firm should open up in return for new assistance. Some have also said Cerberus should put more of its own money into Chrysler.
Cerberus counters that it cannot name its investors because that would breach its agreements with them.
The firm also says it has a responsibility to its investors including universities, pension plans and charitable trusts that keeps it from investing more of their funds in Chrysler.
http://www.reuters.com/article/GCA-autos/idUSTRE52T3H320090330
Customers want to have a relationship with a company they can take pride in. Are you proud of companies that fight mileage standards and who opposed every safety innovation since seatbelts?
The Big Three have been stalling for decades. When Toyota and Honda arrived in the late 70s, Detroit laughed. Now who's laughing. When Lexus arrived in the late 80s, people laughed at the idea of a luxury Toyota. Now Lexus is king. The Big Three have had 3 decades to get their act together and instead of doing so, they fight mileage standards and lobby for tariffs on imports. I agree that the engineers at these companies are just as capable as the ones in Japan. And the folks who assemble these cars are just as hard-working as the workers overseas. The problem has always been management who make excuses, who stifle innovation, and you try to block their competition instead of actually competing. In a way, this economic crisis was a good thing. It's forced The Big Three to finally do what they've avoided doing for decades.
Yes, its basically about product. The U.S. has the best designers, great engineers, good workmen, good suppliers. What has been lacking is good management.
The auto industry has done the same thing as so many other US manufacturing industries : taken the easy route of what it says in marketing and business manuals. To be a leader you've got to be able to see in the invisible and have confidence in your vision and intuition. This has to be done by people with talent, not bean counters.
The U.S. has to move out of being a paper-shuffling economy to a productive economy like Germany. We need, for this purpose, public health care and retirement, and industrial policy.
I remember when Ford was fighting backseat belts, they said it would add $165 to the cost of new which at the time could be had for around $3000. When eventually they were forced to do it (thanks to Nader's lawsuit)it came out that actual cost was under $2! They could have used it as selling point for being concerned about customer safety but fought it and ended up being shown for the greed uncaring company they were and they never did learn from it.
Why was Wagoner allowed to pay himself a $20 million severance package with taxpayer money? Wouldn't GM have folded by now without taxpayer bailout money? Isn't this another case of gross misconduct by a management figure who drove his company into a ditch?
Major automakers have bought up, over decades, the patents for steam cars, electric cars, fuel-efficiency cars and more.
They have been working hand-in-glove with major petroleum corporations to ensure that petroleum fuels are paramount, and that fuel-efficiency which would depress Big Oil profits is a losing concern.
Automakers tout speed, virility, high performance, and are always encouraging buyers to size up (the Hummer was only the grossest example of such unnecessary size and inefficiency.)
Automakers have not advertised for such necessities as long-term dependability, so that a buyer could count on an automobile purchase to be good for at least 10 years.
Neither have they promoted cars with 45 - 60 mpg, though Honda back in the 70s already had a car that would achieve 45+ mpg.
It was do-able then, and the research and development are already available: they just haven't been used because to do so would apparently lower profits for the international cartels and their stockholders who benefit most from the status quo.
In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government ... A complete withdrawal from America's premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering the drastic measures being implemented elsewhere.
APRIL FOOLS - GOTCHA!
- Dr. B. -
$250 million in savings? sounds like a good idea!! That should be part of the plan.
I think is kind of funny doc, but do NASCAR fans have a sense of humor?
they can dish it out, but they cannot take it.
if the only way for Nascar to survive is through the sponsorship of companies that are now subsidized by taxpayer funds, then it essentially makes Nascar a publicly funded enterprise. You know, like NPR. In which case, I want there to be a three tooth minimum at all Nascar events.
There real problem is that this could come true - if not under the President's orders then by the Board of Directors or a Bankruptcy Judge. Some history: In the period of about 1956-1961, several of the carmakers withdrew much of their support of NASCAR teams due to the increasing risks of racing and deaths of several drivers.
Here is the April fool's prank... NASCAR is not a sport!
Anything you can do while smoking a cigarette is a hobby.
So does bowling count?
N on
A thletic
S port
C entered
A round
R ednecks
ROTFL!!!
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