Let GM and the other failed auto giants go under
Photo credit: davetrainer
Reichman points out that the demand for fuel in USA is decreasing and that an increase in travellers on public transportation shows that "Americans are willing to drive less". So why should the US government even think that a "wasteful and economicly demanding invention from last century" is needed when there are other and better alternatives available.
Reichman says that the "automobile giants have successfully lobbied to derail mass transit infrastructure around the world for many decades", and that "now is not the time to further subsidize them."
I completely agree with Reichman.
GM and the other auto giants that now face a financial crisis and their own impending death have themselves to blame. These auto companies have resisted and done everything in their powers to stop stronger compulsory MPG and CO2 emission standards, denied climate change and their promises that they could cut their greenhouse gases voluntarily have all failed. As a result the average car sold in USA today is less efficient than the Model T Ford from 1908.
In Sweden the auto giant Volvo is also facing a financial crisis and many people are loosing their jobs. The Swedish Government foolishly tries to help by pouring tax-money into these doomed companies. They all ignore the fact that these companies are failing today because they have for year's resisted sane technological change.
The best thing for everyone is to let these "foot-dragging, planet-eating spongers" to go under.