Thursday, December 4, 2008

Another reason to not bail out the Big 3

From the Newsweek article this week with Al Gore - "When I was vice president, I initiated a program called the Partnership for a New Generation of Vehicles. The federal government invested over a billion dollars in partnership with the Big Three to focus on the accelerated development of advanced high-efficiency vehicles. But as soon as they felt they were off the hook at the end of 2000, they pulled the plug and walked away."

These automakers let the Japanese get a seven year head start on green technology while they got fat and lazy off of American consumerism. They had the government backing then and walked away. These are not the individuals we should be giving any money to. They can't seem to do a simple SWOT analysis to make quality decisions. Business Basics 101.

No comments: