The big three tried to make their case to Congress for another $25 BILLION but failed miserably. They have no business plan. They had no answer to the question "If you get this $, will you come back for more $?"
They flew into Washington in their corporate jets with a slew of lawyers. They admitted they are not personally making concessions but if they don't get this $, they are in big trouble.
I say let 'em fail. Let 'em face bankruptcy, regroup, and emerge leaner and stronger.
From the mid-1940s through 1960 the biggest selling car was the DeSota. It had its run and it was a great one. American Motors had the Gremlin in the early 1970s. Plymouths are gone. Oldsmobiles are gone. Cords and Auburns are long gone.
Change is constant. Pouring $ down a rat hole is stupid. I applaud Congress for asking hard questions. I pray they do not flush more of OUR $.
'til later
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