A Cautiously Optimistic, Merry Christmas, Detroit!
Well I'll be... George W. Bush actually held two opposing thoughts in his head (free market principles vs. socio-economic impact), weighed the facts in front of him and made a evidence-based decision. Miracles do happen. Finally thinking on his own for a change?
Mr. Bush showed that he could make a balanced and rational decision with data from conflicting viewpoints. Maybe he did learn something from his Ivy League school days at Yale. He must have had a least one management science class in systems optimization, while getting his Harvard MBA.
With just days to go before a possible full-out financial failure of GM and Chrysler, and after some very tough negotiating by all parties involved, the White House has saved the day... for now... delivering a $17.4 Billion loan package, to tide the beleaguered automakers over the year-end, and sustain them till the Obama administration is at the helm of nation's federal government.
Thanks Mr. Bush. Tough Decision. Well Done.
Good luck to the Big Three. Much hard work ahead. President Obama (and the rest of us) will look forward to their turn-around plans for a Happier New Year!
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p.s. Dear Santa - all I want for Christmas 2010 is a fast electric car. Zip Zap Zoom!
(No boring Toyota Prius , for this 'ol motor-head)
2011 Chevrolet Volt plug-in hybrid $30,000+ est.
"Based on a projected cost of 10 cents per kWh, the Volt will cost about 80 cents per day to fully charge. That equates to an energy cost of just 2 cents per mile under electric power. Factoring gasoline costs at a low $3.60 per gallon, GM estimates the when the internal combustion engine-generator is running, per-mile cost is still an economical 12 cents per mile." Preview 2011 Chevy Volt
and in my wildest dreams....
2009 Tesla Roadster 0-60 under 4 sec - $100,000+
