Stimulus package for Detroit
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| Also listed in: Economic Policy | Energy Independence Policy | Energy Sanity | Environmental & Energy |
Rather than provide capital that auto company management may use in ways that are contrary to the purpose of the stimulus, we should do the following in order to keep the auto companies functioning.
The federal government should buy Volt technology from GM, and pay auto companies to keep auto factories open building a large electric car component inventory for use when the economy recovers and consumers are ready to buy cars again. This stimulus is net revenue neutral because the components are just financed, and the money comes back into the treasury as the inventories are drawn down.
You don't know what are you talking about.
Letting the auto industry die is not an option, sure management and labor fought cafe standards tooth and nail. Ironically it was removal of these regulatory measures that put them in the fix they are now.
But this industry is already dead.
This is the way capitalism survives.
So if you want socialism, start print a lot of money to help every single business in America but unfortunately this option have a point of no return. And one you get this point don't doubt the INFLATION could be reach 3, 4, 5 digits easily. Just read something about create inorganic money!.
You can keep alive forever a CANCER TERMINAL, but at some point the patient is going to die.
Is better idea star thinking in more productivity!
Is better idea star thinking in create a new jobs!
Is better idea educating the people to live under his / her income rather than credit!
The 70, and 80, is gone Jim, these wonderful years are gone for ever.
There are another world beyond the frontiers of this great country and thanks to the perverse and bad behavior in management of some leaders this country is at the embarrassing point of looses his own geographical area of influence and natural market.
It's impossible to survive economically when you can see more than 80 percent of the production of this country is based on credit, so you can see the level of in productivity and inefficiency of the industry in general.
Sorry but this is a cruel reality.
Honestly only few Americans companies in any area of the national production are capable to compete with foreign products; for many reasons (unions, bad administrators, bad management’ s policies, include bad politicians and political decisions’)
This is the dilemma; would you like a real change or an unreal change?
Percy H Florez