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And have them sell their high value assests and move out to the midwest where they can use lower cost buildings? tell them to show a plan or you don't get the cash? force out a few dozen guys at AIG and the rest that get paid more than the top three automakers AND didn't do a good job... and make them *actually* lend the money that was *given* to them to kick start things, rather than hold tight because they raised the credit standards and property values are down and they made crappy loans last time... and yet they sent money overseas to other institutions.... and... and... and...
As others have noted, the Feds haven't run a successful business since, when? The post office is in the red, pretty much always, but since the Federal Government *can* run with a deficet it can... Emery was bought by DHL and then that whole thing when under... but UPS and FEDex picked up the pieces and continue...
So maybe the GOV is picking the smaller and less expensive industry to try their hand, maybe? The grand experiment.
did you see the slow to the table idea that they are talking about now? a voucher towards purchasing new cars?
I floated this idea some time back, rather than give money to the banks to sit on.... create vouchers that customers use to purchase cars, it's a downpayment so the banks should lend money as you have a down (plus some cash maybe too, makes it even better), the sales guy made a sale, the dealer made a sale, and the automakers made a sale and cash the voucher from the FEDs like they were going to get money anyway...
So, you get a new car, the old high emissions cars get traded in, the sales guy keeps his job AND pays his house payment/rent whatever, the dealership stays in biz and pays property taxes/sales taxes/ employee specifice taxes .... the local GOV gets their split... do I have to continue with this?
Oh I know this is an oversimplification, but there hunderds of thousands of new cars at the Ports of Los Angeles and San Diego sitting, manufactures are paying RENT on the space.
Just think what about $10 Billion worth of Vouchers would do for the Auto Industry?
Or you can just give the money to AIG, CitoCorp and the rest and have them sit on it...they'd just put it in an account and draw interest?
stepping off soapbox now...
, Wed, 1 Apr 2009 12:45:19
, Wed, 1 Apr 2009 10:32:46
, Wed, 1 Apr 2009 13:35:51
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