Automakers Failed to Get 25 Billion, Now They Want 36 Billion!

I love how government works. When the bail out bill failed, it was restructured with a bunch of lame incentives and renamed the "rescue" bill. Of course, the new bill which was significantly worse passed. Now US automakers hope to cash in on the same move. Originally automakers flew in on private jets and presented a half assed business plan that just asked for a 25 billion dollars with little explanation of how that money would be spent. Congress turned them away and told them to come back with a plan detailing the use of the funds. Now the automakers have returned to Washington without their private jets but want 36 billion dollars. What a joke. Ford already said that they can survive without a loan as long as the recession doesn't last more than 3 years. So Ford seems OK. That leaves the geniuses at GM looking like the real morons they are. GM used to be the symbol for American quality. Now they are the laughing stock of the auto industry. Instead of pushing new cars with potential such as the Chevy Volt and Camaro, GM has tried to push massive Hybrid versions of gas guzzling trucks like the Escalade and a new convertible version of the $100,000 Hummer. Great business plan guys. GM deserves to suffer. Why should the American people foot the bill for GM's pajama party with oil companies? While I disagreed with the bail out bill, bailing out the auto companies is even worse. If America is supposed to stand for capitalism than giving handouts to failed businesses is counter productive. Let a new enterpreneur start a new company with a business model appropriate for the challenges that lie ahead. Until I see a Hybrid Camaro or can buy (not lease) a Volt, GM can go ahead and close up shop. Somebody build a freaking sporty hybrid please! Even if Toyota would just make one that looked cool I'd be all over it. For now I'm buying an electric scooter and putting turn signals on it. Either that or my left middle finger pointing left signals a left turn. My left middle finger pointing straight up means I'm turing right, in addition to telling whoever is in back of me to F-off.