Tuesday, September 9, 2008

It's a BAILOUT! It's a BAILOUT!

Today's New York Times reports that GM has asked the US Government for a 50 billion dollar bailout. The tax payer funded bailout would be used to convert the plants to build fuel efficient cars. Well, welcome to the party guys. My question is what happened to all the cash that was made during the great SUV run of the late 90s? You mean to tell us that GM didn't reinvest any of its profits into fuel efficient cars during its great run? Because of GM's lack of foresight, now American Tax payers will carry the burden of keeping this once mammoth company afloat.

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