Eco Car

Why should GM get a chance when they were reluctant to keep the EV-1? production and beat out the ?

Okay back in the early 90's GM have the EV-1 Electric Car but recalled all of them, why? because they are stupid and on think about the money never the future? If they kept this car it would of made the USA a leader in fuel effient cars...and if you don't believe this see the doc "Who Kill The Electric Car".

You are not paying attention. It isn't a question of fairness.

No one thinks that the auto companies deserve a bailout; everyone agrees they have brought these problems on themselves.

The question is whether giving them money is the best way to avoid making the current economic crisis worse, or is there a better way to use the money to boost the economy.

The argument in favor is that not bailing them out puts a large number of people out of work very quickly and that this would make things much worse so preventing it would be helpful.

The only legitimate argument against is whether the money would be a total loss (in which case there are better uses for the money) or whether the car companies would hang on long enough to pay a significant chunk of the money back (making the loan a good investment).

You can argue that the car companies still haven't really "seen the light" and that the money would be wasted, and that might be true. But whether or not they've blown their earlier opportunities really isn't relevant here.

(Of course, some people would rather be "right" than be effective. They're willing to lose everything rather than give anyone an undeserved break. I don't think the country can afford that.)

Michelin Hy-Light Active Wheel Motor EV concept Car

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