Friday, August 29, 2008

Here you have it

Now every industry that is having a hard time wants to be bailed out by the government. Yep, socialism is all we need.

GM's (General Motors) Lutz calls for $50 billion in government-backed loans

LONDON (MarketWatch) -- General Motors Vice Chairman Robert Lutz was quoted by The New York Times as saying automakers deserve up to $50 billion in government-backed loans to build more fuel-efficient cars.
Lutz told reporters in an event near Chicago that the American auto industry is deserving of government loan guarantees to retool plants. The automakers and the UAW are urging Congress to appropriate $3.75 billion to back $25 billion in loans authorized last year

And they had a perfectly working electric car in 1996, but under pressure of the oil industry they destroyed each one of those cars...

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