Finally A Reason To Bail Out GM!

If you had the opportunity to watch the congressional Detroit 3 hearings last week, there was a very interesting comment made by Waggoner (GM CEO) that somehow went under everybody’s radar. When quarried about their 09 expenditures Wagganer very specifically stated "We will move a SUBSTANTIAL portion of our ($500 million) advertising budget to online (Internet).  The way he said it (so adamantly and definitely) made me almost fall out of my chair. 

Originally posted as a comment by AndyFinkle on A VC using Disqus.