Monday, June 1, 2009

GM As Smart As A 1970's 5th Grader?

Uh oh ...
Activists in the lead-up to the 1970's energy crisis predicted long lines at gas stations, and other disruptions in the oil system of that time.

Then it happened as the activists had said.

Then Nixon tried to freeze prices.

Then even the 5th graders of the early 1970's realized it was dangerous to be so dependent on foreign nations for our energy, and that we should immediately take action to secure our nation.

The all wise government, and the all wise automobile industry of 1973, promptly increased our dependency on foreign oil, and that dependency has continued down to the present day.

The result of that "wisdom" is that now we are more dependent on other nations for our energy needs than we were then.

In the present day one of those all wise automobile companies, General Motors, set a landmark showing its glowing wisdom by filing the largest manufacturing bankruptcy in our history.

They hold out hope, with the help of the U.S. Government which is now a 60% owner, to become as smart as those 1970's vintage 5th graders.

Sorry, that is not going to happen.

Lets hope we do better with space vehicles.

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