On Jun 3, 9:04*pm, "Eisboch" wrote:
"Eisboch" wrote in message

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wrote in message
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On Jun 2, 8:47 pm, Wayne.B wrote:
On Tue, 02 Jun 2009 19:04:30 -0500, Vic Smith

wrote:
Mencken famously stated ""No one ever went broke underestimating the
taste of the American public."
GM has proven him wrong.

It worked for a while but they lost touch and started coasting. When
you look back at some of the barges they were selling in the 70s it's
a wonder they lasted as long as they did.

When we had the gas lines and the big three started trying to make a
gas saving vehicle, the Honda Civic came into play. Then GM tried with
the Vega, Ford the Pinto, Chrysler with the K car. BUT, out of those
crappy vehicles came the technology and research to make some decent
fuel efficient cars. I can only hope it'll be the same this time
around. During that time, the U.S. was bailing them out, too, just
like now.
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The only "bailout" I remember was a loan to Chrysler which was paid back
in full and ahead of schedule. * Where there others?

Eisboch

ummm... *"were" there others?- Hide quoted text -

- Show quoted text -

Yes, but not as publicized, because in those days, Carter's bailout of
Chrysler was massive. But at the same time the government was
dribbling money (in loans again) to the other two that added up
substantially. The bailouts of today are designed as loans also.