Let's see if I understand this auto bailout mess. . .
build inferior cars out of touch with global energy trends via inefficient processes, lose tons of money, cut tens of thousands of jobs, and then beg for the tax payers to save you with billions in aid?
If a church does its work terribly, loses members, cuts employees, and so on, it closes, sad as that may be for employees and others committed to that church. I realize that lots of jobs are at stake, but when the headline is "GM cuts 47,000 jobs" AND are asking for billions more in government aid I start to wonder whose eyes the wool is being pulled over.
Perhaps someone can help me understand why I should support this but for now, it seems like madness. Especially given their unwillingness to change their habits over the years. Case in point: The Detroit auto lobby in Washington, according to some senators I heard speak at Yale, were the sole force keeping significant climate change legislation from passing congress over decades!
peace,
Chris
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