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Don Phillips in Sept. Trains
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<P mce_keep="true">[quote user="oltmannd"]If GM becomes a solid, profitable automaker at the end of this, and the gov't stock can be sold at a decent price, it may have been worth the bailout. It just may have kept the recession from deepening and quickened the recovery. I think the jury is still out, though. I also wonder if Ford looks at this the same way.... They were the "ant", not the "grasshopper" and they've been watching the "grasshopper" be fed. Were they completely rewarded for their prudent behavior?[/quote]</P> <P mce_keep="true"><FONT face=verdana,geneva>I agree that if GM becomes profitable, the bailout may have been worthwhile. Hopefully we will be able to judge the result. But with GM seeminly pinning their hopes on the <STRONG><EM>Volt</EM></STRONG> electric car, we ought to get a rather striking result one way or the other.</FONT></P> <P mce_keep="true"><FONT face=verdana,geneva>Ford's refusal of public bailout money is just as interesting GM's begging for it. I would love to hear what Ford executives say to each other about the <STRONG><EM>Volt</EM></STRONG>.</FONT></P>
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