We've heard it for years, the jokes of how Detroit hires lawyers to fight regulations and the Japanese hire engineers to comply with them, how Japanese engineers make more money than Japanese autoworkers but in Detroit it's the other way around, how Detroit CEOs are all MBAs without any technical expertise at all. So it shouldn't surprise anyone that eventually Detroit had to implode.

Certainly I have been writing for years that we should stop propping up Detroit and let the Big Three die. From their ashes a new American auto industry can emerge and hopefully one without the United Auto Workers involved.