Quote:
Originally Posted by Perferd
You sure it wasnt from the President and CEO of GM Obama?
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No, it wasn't. I happen to think it's outrageous that a bunch of crooked bankers (etc.) got hundreds of billions in bailout money yet manufacturing got a pittance, but without Gov't help GM would have been bankrupt months ago. These problems are due to the companies having truly gone bankrupt--ethically--long ago, not due to the Gov't. (at least not the short-term actions of the Gov't).
You can spin the whole scenario any way you want to, but if GM had been thinking with the big head instead of the little one maybe they would have already had a car like the Volt, Prius, or Insight. Or if the Gov't had just kept a
little upward pressure on the fuel economy standards between 1985 and 2006, maybe the excellent large vehicle hybrid system would have been affordable and in all GM's large vehicles now. How a company that was farsighted enough to purchase EDS and Hughes Electronics in the 80's gets caught flatfooted (again) by oil prices and foreign competition is just a shame.