Congress is in the process of approving $25B for GM, Ford, and Chrysler. I read that GM wants a total of a $100B loan, not a bailout, from the federal government so they can shift to producing more relevant vehicles for today's market. Huh? You mean GM's Denali, Yukon, Envoy, etc. (big SUVs) aren't going to continue to sell with gas at $4/gal? They should have pulled their heads out of the Saudi-oil-field sand years ago and worked on more appropriate fuel technologies for vehicles then. If companies can't keep up with the demands of the market then they go out of business. Why should the govt have to step in bail out GM when other companies (e.g., Toyota, Honda) are producing vehicles that sell and other companies go out of business when not relevant?
We as a country need to produce more products made in America, but 2.5-ton SUVs (the 2008 Hummer is over 3tons) aren't the most sensible product, unless the goal is to send the most post-sale money to the Mideast.
yaaaaay progress....