Thursday, June 01, 2006

Friedman: GM Dangerous To US Future

From Thomas L. Friedman, NY Times columnist, May 31, 2006:

Is there a company more dangerous to America's future than General Motors? Surely, the sooner this company gets taken over by Toyota, the better off our country will be.

Why? Like a crack dealer looking to keep his addicts on a tight leash, GM announced its "fuel price protection program" on May 23. If you live in Florida or California and buy certain GM vehicles by July 5, the company will guarantee you gasoline at a cap price of $1.99 a gallon for one year -- with no limit on mileage. Guzzle away.

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