Today's big news is going to be about the bailout of the automakers.
WASHINGTON — Neither General Motors nor Chrysler submitted acceptable plans to receive more federal bailout money, the Obama administration said as it set the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry.
The White House pushed out GM's chairman and directed Chrysler to move quickly to forge a partnership with Fiat if it expects to receive additional government assistance.
I find it interesting that, of the big 3, only GM's CEO is being asked to step down. GM is the only one of the three that's working very publicly on an electric car. It's probably only a coincidence, but it's a very disturbing coincidence.
Does anyone know of any government programs to fund development of alternative-fuel vehicles? Are "The Big 3" being pushed to increase mileage standards, develop hybrids, or develop electric cars as a condition of any "bail out"?
It's time to shit or get off the pot on this.