Friday, July 06, 2007

An oldie but goodie

My mother and stepfather are both GM retirees, and I know that there are a number of GM family members in the Ohio blogosphere. My mom's retirement saving would have been a lot better had they not been tied to GM and Delphi stock. This tends to make me angry when I think about it. To tell you the truth, Ken Lay may have stolen directly from his employees, but GM... 23 words from Robert Lutz, VP of product development in January 2004:

"Hybrids are an interesting curiosity and we will do some," he said. "But do they make sense at $1.50 a gallon? No, they do not."

If they had simply stolen my mom's money, at least somebody would have benefited.

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