While I was at Ford, I can tell you that virtually every Ford employee was chest-thumping that THEY didn't need a gubbmint bailout. They have a right to be proud. They were actually run by a businessman.
In the end, however, the Big Three are going down the toilet. Inevitably, they will end up being subsidized by the taxpayers because they inevitably cannot keep up with ever increasing CAFE, safety, and emissions standards while making a profit. People in government (read: radical progressives) think that there is this magical Tech Fairy that will turn money into technological advancements by simply waving a wand. That is how they view innovation: simply a matter of spending money.
The result will be a bankrupt economy.
Some innovations require other innovations to occur in order to be feasible. No amount of money can spur someone's imagination. It has to happen organically.
Then again, what else would you expect from the same morons who - with their lovely Masters and PhDs from prestigious Ivy League universities - racked up 17 trillion in debt?
jpotts wrote: