According to GM, there was 'Substantial doubt' about survival at the time.
http://money.cnn.com/2009/03/05/news..._10K/index.htm
If they would have gone out of business, it would have been a major blow to our economy, at a time when our economy was already in dire straits.
GM's bailout was a success in that GM did not go out of business and is now operating profitably.
The whole basis for your opinion of the Volt is because it goes against your ideology. I'm sure that 15 years ago you would have said the same thing about Toyota's program to develop the Prius. So far the Chevy Volt program is on schedule to build and sell 10,000 this year.
http://green.autoblog.com/2011/03/07...bers-rise-may/
If the Volt, or a similar type vehicle, turns out to be successful, our country will greatly benefit. It will greatly reduce our need for oil, and it will greatly hurt our enemies whose economies are dependent on the sale of oil. It will also greatly reduce air pollution. Eventually all of our electricity will come from emission-free sources, such as wind and solar. While this probably won't be happening for a few decades, it will also be a few decades before most of the vehicles on our roads are electric. If we're not willing to make investments in new technologies, none of this will ever happen. Again, your opposition to the Volt is based entirely on ideological reasons. No matter how much potential benefit there is in building a vehicle of this type, you're going to oppose it because it goes against your ideology.
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