No, but your eluding to the idea that an auto sucks up all the power and you go slow. Which is not entirely true.
Autos are just as fast as a manual. Less fun for road racing and auto-x, but a great alternative to anyone looking to go straight, go fast, and do it reliably. An auto set-up can coat the same as a 2-3 disc clutch in some cases, far less than a 1k clutch set-up and 3k manual trans to take the beating.