Wall Street Breakfast: Must-Know News [View article]
Auto solution, let GM merge with Toyota and let Toyota run the company. Let Ford merge with Honda with Honda the managing partner. It is clear American management can not run a car company. I am sure these two companies can find a way to manage the health care and pension plans, if only the government would leave them alone. After Toyota and Honda take over the government could give the consumer a $3,000 tax credit to purchase a car. The tax credit would keep the auto industry afloat and workers income tax would easily pay back the tax credit money. Unemployed workers sure don't pay income tax. We have to find a solution that will not require a tax payer bailout.
Wall Street Breakfast: Must-Know News [View article]
After Toyota and Honda take over the government could give the consumer a $3,000 tax credit to purchase a car. The tax credit would keep the auto industry afloat and workers income tax would easily pay back the tax credit money.
Unemployed workers sure don't pay income tax. We have to find a solution that will not require a tax payer bailout.