Posted on 05/31/2009 8:51:38 PM PDT by Ernest_at_the_Beach
Someone posted a thread here yesterday with a story and photos of the new “green” car from Government Motors. It looks like a tin roller skate.
It’s just big enough for you and a bag of groceries. Perfect for running down to the Worker’s Choice & Rainbow People’s health food store in San Fransisco, but hardly usable anywhere else in this country.
Mark my words, the American taxpayers will be subsidizing that death trap, because it’ll never survive in the market on its own merits.
Even though GM is closing a slew of plants across the country, it’s being reported that they will still be building most of their signature line of vehicles for years to come.
I don’t know. Sounds like PR to me. With the CAFE standards being raised to ridiculous levels, I don’t know how GM will be able to continue to build their trucks and SUVs.
This is all going to hurt in the short term, but in the long term, I think that demand is going to bring back the supply of the kinds of vehicles America needs and wants.
The social engineering experiment that the alleged President is executing now is destined to fail miserably.
the stockholders got nothing
the bond holders got
12 percent of the new company
the unions got 17% and gov got 72%.
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