Monday, December 8, 2008

Bail

General Motors CorporationImage via Wikipediahttp://www.huffingtonpost.com/2008/12/08/inefficient-hybrids-drive_n_149215.html

"Robert Nardelli of Chrysler drove his company's Aspen Hybrid S.U.V., which gets 22 miles per gallon on the highway and 20 in the city. Ford's Alan Mulally drove an Escape Hybrid S.U.V. -- 31 m.p.g. on the highway and 34 in the city. And Rick Wagoner of General Motors drove a Chevrolet Malibu Hybrid Sedan. His was the most efficient on the highway, averaging 34 m.p.g., but only 26 in the city."

The car company CEOs responded to criticism about private jets by driving to Washington DC the second time. This stunt was misguided and just as wrong-headed as the private jets. It just served to further highlight just how out of touch with reality these companies have become.

Let them fail. Poor the money instead into new business, especially in the areas hardest hit.

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