The link shows more evidence of how deep large corporations in America are in the US government's pocket books. This time $25 billion dollars will be awarded, more or less, to the auto manufacturers for doing research and development. The plan was spurned by the idea that GM may actually go bankrupt with the other big two having their own difficulties.
On the surface, it might seem good since the money in truth needs to be for improving development of more economical cars, particularly gas efficient. However, if you ask me, in the light of the financial markets' bail outs, this is just more of the same. I don't know if this money will save auto workers' jobs, except for those in the research ends and, of course, the executives.
Personally, I'd love to see these companies go bankrupt. They make crap so the market should eat them up. They should've listened to innovation and reacted faster. Since they didn't and just looked at the bottom line of their high margin SUVs, that implies that they only cared about money, rather than overarching issues. They truthfully deserve to be shut down for bad business decisions and the executives again should be held accountable.
Why not simply put a pool of money for people who intend to innovate and allow those people to use it for creating a better company? Trying to save these ancient companies from natural causes is just ridiculous. The American government just has no credibility anymore with me as a democracy.
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