So what does everyone think about the bailout to the car industry, especially to GM.
At first some years ago I thought the government should have thought about subsidizing the car industry to help move the hybrid/alternative industry foreward. That never happened.
The cars and the oil market are in a marriage made in heaven and why would these companies use foresite and think for the future.
There were two points of view that made sense to me.
Obama last night mentioned that banks are no longer lending money to big businesses even those that are doing well, so that resource is gone for them. GM needs a loan.
And with that are conditions from the gov.
The second POV is...it would be good for the industry to see a failing company like GM. We could see great things come from this. They didnt look into the future, selfish and now we have to bail them out because they were ignorant.