I was listening to U.S. Rep Ed Markey of Massachusetts, chairman of the House Select Committee on Energy Independence and Global Warming, address the automakers the other day on C-SPAN as the hearings kept grinding away.
He brought up the idea that Detroit has worked on the premise that you can litigate and advertise your way to profit. If you don't want to meet mileage standards then sue the government agency trying to force you to meet them and then once you have something profitable keep selling it even if it goes against a global trend of sustainability.
Meanwhile, other companies innovate and fill the void that is reality ultimately taking the market.
U.S. Rep. Todd Platts, from York County, commented on the auto bailout earlier this week in this video.
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