GM Doesn't Deserve It

GM, afraid that the automaker won’t get a piece of the $ 700 billion bailout is now trying to leverage its ailing credit division (GMAC) as a justification for receiving bailout money which is meant for financial institutions.
Obama’s Intended Chief of Staff says“ the auto industry is an essential part of economy” in support of giving Federal money to GM.

LNR says, “ prove it “ … prove that the auto industry is an “essential” part of the economy. The banks are essential, the big insurance companies are- but not the auto industry. The car makers employ few people- relatively (including associated employment like auto parts) and hardly contributes anymore to the $14 trillion American economy. They are now acting contrite, by offering to speed up production and development of “alternative” energy cars. It’s too little, too late.