SocraticGadfly: Why are we giving Putz Lutz a bailout?

October 06, 2008

Why are we giving Putz Lutz a bailout?

General Motors CEO Bob Lutz, on “60 Minutes” Sunday, again denied global warming:
“Well they don’t like what you said about global warming,” (Lesley) Stahl says. “Do you want to repeat what you said about global warming?” “Of course not, because this is a family network,” Lutz says.

“You don’t think there’s global warming? Is that really true?” Stahl asks. “I’m not going to get into this. Because…,” Lutz replies. “Because you got into so much trouble when you said it the first time?” Stahl asks. “That could be right. Yeah,” Lutz admits.

So, why should we give GM a loan guarantee bailout? Silicon Valley can make its own decision whether to invest in Lutz/GM or real technology for the future.

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