Does GM stand for "Gigantic Morons?"

So, I was flipping through the radio on the way home last night and happened upon Sean Hannity interviewing some big exec from GM about his upcoming congressional testimony. Hannity goes on talking about how the real problem that has driven the U.S. automakers into the ground is too much government regulation. The GM guy then goes on about how he doesn't think that the bailout money should come with strings attached forcing GM to make more fuel efficient cars because, to paraphrase him, people started buying fuel efficient cars in droves when the price of gas went up to over $4.00 a gallon, but now that it's back down to under $2.00 a gallon people are abandoning that practice and going back to buying large SUVs and trucks. He then says that the American people are smart consumers and shouldn't be forced to buy fuel efficient cars if they don't want to.

All I've got to say to that is, WTF is this guy smoking? Doesn't he realize that lower gas prices are just temporary and a result of the anemic world economy right now and that there's no reason why the gas prices will not go right back up to well over $3.00 a gallon soon enough? And doesn't he realize that his very argument for why they should not be forced to make fuel efficient cars (because consumers are buying fuel hogs again now that gas prices are low) is in fact a great reason for why they SHOULD be forced to do so (because they won't do so unless forced to because they'll just ignorantly hope that people will continue buying these idiotic huge cars)? And don't they realize that such idiocy is exactly how they got into this mess in the first place?

It was really startling to me to hear this guy use the temporary bump back up in big car sales as a result of a temporary downturn in gas prices as a sign that the auto industry will handle itself well in the future if we just throw 10 billion dollars at each company and leave them be. It further reinforced the idea in my mind that the only way these guys will change is when forced to at the end of a gun (or when the alternative is simply going bankrupt).

Idiots.