El presidente has decided to give GM and Chrysler money from the TARP. They have until March to re-structure enough to survive as distinct business entities. If they can’t do that they have to re-pay the money. Oh? With what? Ford does not want any money just yet, maybe later.
Who thinks that the Big Three will solve their problems by March, or maybe July, or maybe October? I do not think that their financial situations will allow them to continue for much longer in their present form. Merger or liquidation awaits them.
As I said before, I have two excellent vehicles, one from GM, and the other from Ford. I am completely happy with them. Before these I had two Ford products. Both were without any problems. People like to say that the Big Three did not make good vehicles. I have never experienced that. People also say that the Big Three should not have made full sized cars, pick-up trucks, or SUVs. Well, capitalism implies obedience to market forces. Most Americans like big vehicles. The Big Three responded to that preference. If you prefer a command economy of the sort that we might approach in the USA, then you might have the opportunity to see if you like automotive products that environmental activists design. The products of the former Soviet automotive industry come to mind. Those who were lucky got "Lada." The nomenklatura rode around in "Zil." Do people think that the American nomenklatura are going to ride around in tiny electric or hybrid cars? Get real.
Gasoline will be below a dollar a gallon soon. How long the price will stay at that price level is not immediately apparent. Will most Americans want little cars when gasoline is at prices of that sort? I doubt it.
Do the environmental faithful believe that Obama would ask Congress to legislate against big vehicles if polling (triangulation) says that most people are opposed to that. Do people think that he will ask for high gasoline taxes? Come now! Look at his cabinet choices. This man is a politician, and a skilled one. 2012 is coming…
Someone suggested that I keep the Escalade as a museum exhibit. Who laughs last, laughs best.
Does "peak oil" have any effective meaning? pl