So when we have this technology, is this something that could be viable long-term, or are we going to be spending another $3.2 billion five years from now to replace readers?

Well, I know that maritime constitutes salt water, generally; not always, but many times salt water.

Thank you to the ranking member, Mr. Connolly, who has, over and over again, expressed a willingness to work in a bipartisan way to cut out waste, fraud, and abuse.

All right, so we are talking about $23 million there for the pilot, is that correct?

I thought it was very risky to lend against a second generation, which I would agree with, but that was what was required to 'meet the policy requirement.'

So your failure is not based on any negligence or lack of due diligence on your part, it is all these external factors, is that correct?

My question is how in the world did you convince anybody that you could do this kind of production, when you didn't even produce 1 percent of that?

the chapter is chapter 7, it is not a new chapter in automobile history.

I hope I am a better congressman now than I was 5 years ago.

It takes one day to take down consumer confidence, but several months to build it back up.

So you went from 14,000 in the first part of the year, you ramped up and revised the estimate to 542, but then within a three-month time period you couldn't actually project how many cars you were going to do, and you ended up at half the…