GM: More Bailout-Worthy than Citigroup [View article]
We're debating about how much money Detroit should get so that they will be able to build more cars.
But nobody wants to buy any cars....
Instead of giving Detroit a bunch of money to produce more cars when there is no demand, we should rather spend the money to create demand for cars.
How about this: Congress should send every US citizen (between ages 18 & 65) a coupon worth $5,000 toward the purchase of a new car! If 60 million people are eligible, that's only $30 billion!!!
GM: More Bailout-Worthy than Citigroup [View article]
Oh, wait. It's $300 billion, not $30 billion. And THAT's a really BIG number.
With my math skills, maybe I can get a job with the government...
GM: More Bailout-Worthy than Citigroup [View article]
But nobody wants to buy any cars....
Instead of giving Detroit a bunch of money to produce more cars when there is no demand, we should rather spend the money to create demand for cars.
How about this: Congress should send every US citizen (between ages 18 & 65) a coupon worth $5,000 toward the purchase of a new car! If 60 million people are eligible, that's only $30 billion!!!