User 283977

Problems That Detroit Bailout I Doesn't Address

Time for Change:
What you fail to consider is the catastrophic effects on the American Economy if the American automotive industry is allowed to go bankrupt. Its something called jobs, something that a large number of so called financial analysts don't bother to mention. If the American automotive industry goes bankrupt, its going to take out their LONG supply chain as well… yet more jobs, yet more economic chaos… If the bridging loans are not provided, you better short everything, because the market will go off a cliff. Now you have money, money that will probably be worthless because our currency will probably go off the same cliff.

You need to consider the bigger picture. Stop pointing fingers and stop constantly reporting all of the negative aspects associated with the American automotive industries current position. The fact is the American automotive industry needs to be revitalized. That change process needs to be integrated with a national energy policy. That integration would NEVER have happened if the American automotive industry was in good financial condition. With the appointment of an Automotive Kaiser or Caesar, the United States has an opportunity to make major changes in an obviously dysfunctional industry. Its dysfunctional in many ways, but in this instance, its dysfunctional because if it was highly successful in selling gasoline powered vehicles the country would never have the opportunity of implementing what should be our countries fundamental goal, ending our dependence on foreign oil.

One of MANY possible scenarios… Immediately start building natural gas distribution stations all over the US. Now mandate that say X % of all new American vehicles only run on natural gas. Now start expanding the distribution stations… now increase the natural gas made American vehicles… Now pass laws that X % of foreign imports must run on natural gas… keep expanding the natural gas distribution stations… Keep this up until this country no longer allows new gasoline vehicles to be sold in this country. Who owns those natural gas distribution stations? In the end, they should be sold in an IPO, but I suspect private capital would probably enter the market as soon as the game changing aspects of a plan like this were known.

Lots of obvious issues here that need resolution.. But instead of just critizing or identifying problems, how about identifying the problems and coming up with solutions to those problems that are in alignment with the PRIME GOAL, ending this countries dependence on foreign oil.

What is good for America is sometimes not necessarily in alignment with goals of private businesses designed to maximize profits, goals that are often highly short-sighted. Its time to stop the transfer of this countries wealth to foreign countries by purchasing foreign oil. If you visit one of the oil rich countries, you will see that their infrastructure is brand new. Its brand new because Americans paid for it. Contrast this with our crumbling infrastructure. It's long past time for change.