Louisiana Steps out front.

[Walt M]

How do you explain the fact that as the Fed. bails-out the Old Auto Industry in it's worst sale era ever. Lousiana gets to open it's doors to a whole new approach regarding auto manufacturing. Where's Mad Jack I love to hear what he thinks. Walt

[madjack]

...inna State long known for shady deals and political hanky panky, I will just havvta wait, with much skepticism to see what comes about...our Governor(a republican with presidential aspirations) has announced plans to spend around 60+ million from the states rainy day fund to back an unknown companie to build "green" cars...do I smell old rotted fish...hmmmmmmmm...the plan is to renovate an old Guide headlight plant to manufacturer, a here to now unseen/unknown green car with little or no details about just what they are planning to build...some big money has jumped into this, including T Boone Pickens, the former VP of Oracle and some high powered venture capitalists...between them and the state/local govt, around 160million has been ponied up along with an application for another 250+million from the feds...I'll believe, when vehicles start rolling off the line!!!!!!!!!!!
madjack


p.s. so Walt, what is the "yankee" press saying about this???????????MJ

p.s.s. a pretty good news article about what is actually known...we can only hope...MJ
http://www.forbes.com/feeds/ap/2009/06/ ... 62620.html

[Walt M]

I am a conservative, I've gotten most of my info from the web. There's a lot of private money going into this . I don't think it's a "Let's use a public grant and see if we can make it happen" Much like the Air America radio network Gore tried. I understand this company has been working on this for two years. the lead designer is from Mazda (he designed the miata) T Boone Pickens is no slouch. I too will take a wait and see attitude. but I hope they can pull a td. I own a Town & Country and a 3500 Dodge Ram. But I'm ready to downsize. After 20 yrs, I'm No longer interested in buying another Dodge, or a Chevy for that matter. I'm ready to pack my tools, a couple of guitars, and travel this great country meet people do odd jobs and maybe even get an oportunity to praise God through some music in some different churches. Walt

[madjack]

Walt, there are a lot of VERY legitimate folks behind this deal...my skepticism comes from years of viewing La political trash going down and the 18-24mo time frame to bring this car out...I do know, our present Gov is a young, Republican go getter with national aspirations...he has given this his blessing and I am sure he has vetted this outfit....a scam would blow a HUGE hole in his future political plans...as I said, take a few realllllly deep breaths and see what happens...I wish 'em luck in what is sure to be a formidable undertaking.........
madjack

[Walt M]

I here ya. Years ago someone told me you can always tell when a politician is lieing, They're lips are moving. Walt

[madjack]

...by the way...this is supposed to be a gas(or possibly diesel) powered auto that will get a kazillion MPG and will cost 10 grand...I dunno, my ol' daddy had a saying about something sounding too good to be true
madjack
p.s. I think my skepticism might be showing just a bit...(ya think)............MJ