Warm_Paw

GM's Viability Plan: Trying to Shrink Quickly Via Debt Exchange Offer

I realize all of this money is being thrown at GM to keep people employed. If they earn money it recirculates into the economy.
The real issue is this:
No one is buying their cars.
Do they keep building cars only to store them on some vast parking lot?
Why not just give the bailout to the employees directly. There'd be more spending money as a result.

A better plan - Obama removes the bloated pigs at the trough running GM and brings in Engineers into renewable energy research and construction.
GM now supplies solar panels we can erect in desert waste land and create energy reducing the amount of oil we use.
I'm sure California would love to breath again.

GM now creates wind turbines like GE.

A product is created that sells.
If GM is going to be owned by the tax payer, we should have a say in what they produce.

Build something that sells. Employ people to create new technologies. Otherwise the bailout is a band aid and only contributes to the next generation inheriting an even nastier financial disaster.