Admitting When You are Wrong

I had a great discussion on Thanksgiving with an economist regarding the recent market crash and rescue bill.  Originally I had assumed that because of the massive influx of new money that inflation was going to skyrocket.  What I did not count on was that the rest of the world was so heavily invested in the United States that when we crashed so did they.  It really demonstrates that we have created at least a form of a world economy.  While the people and goods don't move freely, money can.  The credit crisis resulted because of a stop in this flow of money.  It didn't just cripple Wall Street, it crashed markets everywhere.  I had originally blamed Bush for doing this intentionally to raise the price of oil.  In the long run prices will go back up, but for now the slow down in the economy has been enough to lower demand for oil.  Now if we can get some of those alternative fuels and fuel efficient technologies growing we can put an even bigger dent in that demand.  Here is an idea for anyone working for an American car company, write a business plan on how you are going to create the fuel efficient cars we want and you will get your government handout.  If Tesla can build a roadster that can go 0-60 in 3.9 running on computer batteries, American car manufacturers can build one that can go 0-60 in 6 seconds and look like an attractive car (not like the bitch ass Toyotas or Hondas).  At least Ford has the Escape.  The Escalade Hybrid doesn't count GM.  That thing still eats more gas than a regular car.  Stop playing social games with oil companies and develop the cars we want.  Stop adding more horsepower to every engine and add fuel economy.  For years car companies have been able to harness more and more power from a drop of fuel, but instead of using this to increase efficiency, now we have 4 cylinder cars with over 200 horsepower.  If you take away the horsepower and increase the fuel economy the same car could probably get 60 miles to a gallon with a little over 100 horsepower.  GM needs to admit they were wrong for scraping EV-1 electric car programs in favor of snuggling up with Hummer a decade ago.  Where is the Volt?  GM is going to go bankrupt before you ever release it.  Thanks for not pushing the Camaro to market either.  GM has to be the slowest changing corporation in the world.  The Challenger is out and the new Mustang has been out for a couple of years.  GM keeps putting the Camaro in movies and giving them away to celebrities (Hamels got one after the World Series).  How about getting the car to the consumer you morons.  I kind of hope GM fails.  I say this because it will open up the market for a new American car manufacturer that will take us into the future rather than hold us in the past.  Here is an idea guys, make a hybrid Camaro.  I will buy that.  How about Ford?  Can you guys make a hybrid Mustang Convertible?  Until the car companies come up with some plans like these, not one cent of tax payer money should be wasted on these corporate relics.