GM Bailout

Last weekend GM got a $50 billion US Treasury loan supposedly for the development of electric cars and low gas consumption vehicles. This was no doubt just to fend off bankruptcy by GM.

If GM wanted to produce electric cars they should have called the Tesla Company. They make one. This instead of calling on the US tax Payer for a bailout.

With the GM bailout, the Taxpayer, has been called upon to bail out a company that was once one of the the biggest money making companies in the world. GM salaries are high. Yet they don't seem to mind calling on the poor "hand-to-mouth" tax paying worker in other American Industry, to keep their pampered lifestyle going. This is evil.

Too late for GM. It seems it was a bit slow on the Electric car. Tesla is building a factory in the Silicon Valley.

http://bits.blogs.nytimes.com/2008/09/17/tesla-motorss-second-electric-car-will-be-made-in-silicon-valley/?apage=1

Thirty years ago GM boasted of the cars of the future. They had all kinds of ideas for development of those cars. But they stuck with gas powered vehicles. They have become a dinosaur. They will eventually bankrupt under their present leadership. They could have led the world into the age of the electric car, and hydrogen powered, cars. Instead they will just be another great failure in the story of the Gloablist take over of the US. Greed and pride seem to go hand in hand.

This government is schizophrenic. They bail out an industry that is being destroyed largely due to their globalist inspired "sell out" energy policies and so call "Free Trade". That which marks both GM and our Government is hubris. They are the blind leading the blind. They will both fall into an abyss.