The Detroit News is reporting the outline of a bailout deal for the Detroit automakers. Funds allocated to Detroit in September covering "retooling" to make greener automobiles would be diverted to bail out the automakers.
"Sen. Carl Levin , D-Detroit, has been negotiating with Republican Sens. Kit Bond of Missouri and George Voinovich of Ohio on a plan, favored by Republicans and the White House that would draw the money from the $25 billion retooling program, which was approved in September."
Seems to us that this is a terrific opportunity to make the car that America really needs now--the Spam Powered Vehicle or SPV. Since all we'll be able to afford to eat soon will be Spam, why not get double duty from the pink lunch meat powerhouse? Insurance will still be provided by AIG, of course.
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