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Update from Matt
Folks - Update on the fast moving Detroit bailout situation. Incredibly, Barney Frank just returned my call himself. He agreed that (1) no federal loan money should go to Detroit without enactment of a legal provision making clear that EPCA does not preempt state greenhouse gas regulations on motor vehicles that are duly adopted under the Clean Air Act and further that he will talk to the Speaker about that; (2) he will ask questions of the CEOs or other company witnesses on Friday about whether they would drop the lawsuits as part of the federal loan package deal; and (3) he will ask questions of the Wagoner about the EV1, in particular, whether GM sell its EV1 intellectual property to another company to make that vehicle as part of federal loan deal. I sure hope that this is not just a politician telling me what I want to hear. I am drafting questions for him now. We shall see. Please keep up the pressure - I am loving all the responses I am getting from many of you. We shall overcome. Matt
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"I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical world." - Thomas Jefferson
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