|
Great discussion!
After seeing the CEOs and higher-ups around the table with Nancy Pelosi on the news tonight, I had a feeling that they would get the "low-interest loan" they are seeking.
My idea was to offer a "counter-offer". The money would go for every unit sold -- the advantage would be that cheaper vehicles are generally more efficient, and appeal to the masses. Make something even cheaper, and cut the difference.
To clarify from the Focus argument, $5000 would be financed or whatever, and the Gov't either loans or grants the remaining 10K to the auto companies. True, the resale market would tank, but read on...
Observation: the public isn't buying new cars, and probably won't for a while. What can we do to help the Citizen and Manufacturer both? Sending them a pile of cash gets us what? Not loaning them money gets us what, also?
I'm just brainstorming an alternative. I don't expect every American to run out an buy a cheap new car, or have an offer for a large amount discounted -- am I wrong in the estimation that something similar could boost the economy into creating jobs and putting money back into the system? $150/person is nothing compared to what the Federal Government racks up in debt every day. We simply need jobs to run this big system of ours -- and they're drying up.
Another stimulus plan is at hand, but the goal of the argument is helping the Big-3 retain jobs in the U.S.
Disclaimer: I'm not an Ecomomist by any means, it's just something that came to my mind during the news. More jobs = consumer confidence = spending = tax income = more jobs...
-Rick
__________________
“If we knew what we were doing, it wouldn't be called research” ― Albert Einstein
 _
 _
|