Political-Tom Friedman & General Motors

Once again, Tom Friedman is right on the money. In today’s article, he excoriates General Motors and rightly so! Recently GM, in an effort to sell gas guzzlers, guaranteed gasoline at a cap price of $1.99 for one year with no limit on mileage if you live in Florida or California. The eligible vehicles are half-ton models such as the 2006 and 2007 Chevrolet Tahoe and Suburban, as well as the Hummer H2 and H3 and many of their SUVs. Hummers get approximately nine miles to the gallon. So GM is subsidizing the purchase of gas guzzling cars when the opposite is needed. No wonder Toyota is cleaning GM’s clock.

We are in Iraq because of oil. So not only are we paying for the war, we are paying to continue the underlying cause of the war. GM should be subsidizing the purchase of fuel efficient cars. Talk about corporate blinders!