Bababooie

Saving the Auto Industry: The Gush-Up Proposal

Just put large electromagnets on vehicles and "Piggyback" with passing corporate Semi-Trucks. That way corporate America will pay for your transportation. The destruction of the old vehicles does not ensure a continued market for New Automobiles. Yes, maybe mass transportation. If a person buys an older car, it is because it is all they can afford at that time. Taking away an opportunity for cheap transportation will drive wages upward, and in turn, drive the cost of everything up.

The problem is not with the vehicles, it is the workers. The Bail-out should have exacting details for spending. The information available indicates that Cerebrus can infuse enough money into Chrysler to keep them going for well over a year and a half. GM does not have adequate funds to last a year. The economic impact of GM going belly-up reaches beyond the direct employees of GM. Suppliers, Dealerships, and small businesses around these connected businesses would be severly impacted. People will be let go either way. The failure of GM will happen first due to the greater economic requirement, leaving an open market for Chrysler to thrive. This scenario gives the private investor Cerebrus the upper hand. I would rather see the people being let go become part of a training program to encourage personal growth. Don't give the funds to GM or Chrysler (Cerebrus). Instead, form a company to take on the workers pension responsibilities. This would be done in exchange for Stock in GM-Chrysler.

In 2010 GM will no longer be responsible for UAW Health care for retirees. This is due to a three year plan to offload this burdon to the UAW with contributions from GM. After 2010 GM will have adequate funds to develop new products and maybe hire back some of the newly trained people.


Recycle People. . . . .Not Cars!!!