Fabonz

Michael Moore's Curious Economics: Nationalize the Car Companies

Simple...no loans and no buying the company.

The government Today offers a 10,000 tax credit to anyone who buys a new Ford, GM, or Chrysler car or truck between today and 12/31/09.

This should DOUBLE annual car sales for the companies and would "Cost" the US $100 billion on sales of 10 million cars. Except, the "boom" caused by the increased demand would increase employment at the car companies, the parts suppliers, the dealerships, etc. which would recoup that tax revenue.

This would give the companies roughly one year to get their act together and restructure thier costs correctly. If they cant survive after that, maybe they shouldn't.

Now the problem: Should the US really be giving "the big three" an unfair advantage over foreign competitors? I don't think so, but apparently it is going to happen.

At least this way the money goes to the taxpayers who i trust more than the government OR the car compaies to do the right thing.