vfx

Breakdown of the two candidates running for President of the US and the future of cars:

Geek the vote:
McCain, Obama Promise Plug-in Cars as Detroit Charts a Timetable:

Obama and McCain on Electric Cars - Energy Plans for Gas Prices, Plug-in Hybrids - Popular Mechanics

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The world loves to be deceived.

TEG

The last part of that article was "Cheap Loans for Struggling Carmakers".

Here is a related story:
The Big 3 DO Need Federal Help

Save the dinosaurs, or really time for major change?

TEG

Finkenbusch

Its stunning that in a capitalistic society a honorable private company has the guts to ask hat in hand for a government bailout - not thinking of approaching a presidential candidate for getting it.

When private entities shuffle profits, the cream is usually taken via financial safe havens into very private share holder pockets - (shareholders happiness are the primary goals of companies and the basic reason there around in first place - customers are satisfied or fucked - it doesn't really matter)

Its ok for me, I have to accept that, living happily in a capitalistic society myself - Thats how the game works...

...but when private entities fail they have to go the way of the Edsel - only got in Brezniew USSR a financial injection for state owned property / industry - only in commie countries like Cuba thats was the way to go.

Intervention with helpless taxpayers money is just delaying the inevitable. Its total foolishness to throw more money at a bunch of companies which were mismanaged to the point of extinction.

Plus, let’s not forget the taxpayer money already wasted by the Clinton Administration - handed over to the then big 3 to develop so-called Super Cars with 80 mpg (hybrids).

Funny - to which socioeconomic status the USA system tanked...

bill

<<<<<Finkenbusch... Its stunning that in a capitalistic society a honorable private company has the guts to ask hat in hand for a government bailout - not thinking of approaching a presidential candidate for getting it.>>>>>>>>>>>>>>>>


It seems that the real question is: Should we give the auto industry a 50B loan? Frankly, I'm opposed, but don't know enough about the auto industry to know if it would be advisable.

We can argue that in the next 20 years the industry will go through a massive change as people switch to EV's. With EV's using less than 20 moving parts and requiring minimal maintenance, the auto and support industries have to drastically shrink in size. It will be cheaper for the consumer, but we are going to have a lot of jobs lost.

Looking at it from that viewpoint, is the loan advisable?

vfx

__________________
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The world loves to be deceived.

TEG

Related other articles:

General Motors (GM): We Deserve A Bailout, Too

Bailout Watch 38: GM President Does His Own Spinning | The Truth About Cars

So do we have to put up our tax dollars to ensure that the Volt gets built?


What would happen if we loaned $25 billion to Tesla instead?!

vfx

Good on you TEG

Moderators, feel free to combine...

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The world loves to be deceived.

TEG

GSP

Finkenbusch said:

"Plus, let’s not forget the taxpayer money already wasted by the Clinton Administration - handed over to the then big 3 to develop so-called Super Cars with 80 mpg (hybrids)."

Well, one good thing came out of the PNGV project: The Toyota Prius, which was Toyota's response to the threat of the US-only PNGV research.

Too bad the US automakers didn't see the value of improved fuel economy.

GSP