Tuesday, June 2, 2009
Where did all the money go?
We spent billions to bail out GM & Chrysler, but they still went under. It was a sad time. And yet, we are not out of the woods yet. US wants to give GM a total of thirty billion more.
Here is a eulogy for our GM. It was once a power house, with over 50% of the market and now a faded shadow of its former glory. There is still talk that the Chevy Volt could SPARK interest in a new GM, but alas, it is too late. Few if any will buy that $40,000 electric car.
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