Thursday, December 04, 2008

This is convincing, isn't it?

Wow, the big three automakers from Detroit get shot down when begging for 25 billion dollars a few weeks ago. They come back, driving hybrid cars for 520 miles instead of using their corporate jets, and ask for, here we go, now 34 billion dollars. Now that I think about it, what more can you really ask them to do? They gave up their corporate jet to come to Washington and presented a plan that simply states, we will build fuel efficient trucks and cars that people want to buy. Yeah right, if it were that easy, you'd already be doing it. And the fact that their first request a few weeks ago seemed to have been 9 billion dollars short doesn't instill confidence either. I say let them fail and reorganize. That will cost jobs for sure but they might be able to restructure so that whatever is left will have a chance to survive. I highly doubt, that they will survive with or without the money. Reading the news articles, it sounds like they will burn through most of the bailout money within the next quarter or two. It's not a bailout, it's temporary life support.

Anyway, one thing makes me wonder though. If they took the trip in a hybrid vehicle, i'd love to know which brand they used and whether they carpooled.