The EV1 - Shredded by General Motors
PLANNED BAILOUT: $10.4 billion in loans to General Motors Corp (GM.N), including $1 billion for GM to help its financing affiliate GMAC reorganize as a bank holding company; a $5 billion direct investment in GMAC; and GM could also qualify for a further loan of $4 billion in March. Att: President Obama. They don't deserve it. They are responsible for many of the problems facing the American transportation industry. Here is the evidence:
The US used to have a well developed electric street car system. What happened to these street car lines which could be found in every city from Boston to Los Angeles? General Motors & friends bought them up and destroyed them. THIS IS Not a conspiracy theory. It is a Historical fact, affirmed in court.
You know, maybe it wouldn't be such a bad idea if General Motors did go out of business. What has the destruction of the nation's street car system cost the country? A trillion dollars? Ten trillion dollars? You'd have to add up all the oil consumed that didn't have to be, all the environmental diseases that didn't need to happen, and all the economic constraints on poor and low income people that didn't need to be. Then there are the quality of life issues which are incalculable. Go to super-prosperous cities like Basel and Zurich in Switzerland and you'll see they excellent street car systems - just like we used to have in the US.
That's not all! What if a battery existed that allowed you to drive your car for 300 miles on a single charge? That would easily take care of most people's daily commuting needs. Unfortunately, we're years away from having a battery like this right? Batteries just aren't good enough to power cars and free households from dependence on oil companies and electrical utilities, right? Wrong. It exists, or rather it existed. The battery problem has been largely solved and not just in theory, but in production. Then GM bought its way in as a condition for using the battery in its cars. Then it sold its share in the company to Chevron. And now the battery is gone.
GENERAL MOTORS SHREDS ITS ELECTRIC CARS
. . . and they didn't stop there.
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