bailout plan -- new idea (OT)
lee at wheelman.com
Thu Dec 11 08:13:45 PST 2008
Why throw good money after bad.
GM is irrelevant. Buyers have voted them out of office and off the
island. They are the weakest link.
Putting money into GM is just postponing the inevitable.
Chrysler is another problem child. They have almost no presence
outside the US. Their long-term prognosis is not good. What do
people really need to buy from Chrysler, other than minivans?
So here's my recommendation.
Sell the "interesting" parts of GM and Chrysler to Ford. The
Corvette, an American icon, should transfer. Maybe the Chrysler
minivan. What else? Um, er...I can't come up with anything else
that's unique and compelling.
Launch a new company and transfer the appropriate assets
(manufacturing capacity) to this new company, owned by the
taxpayers and operated by a new mgt team. Retool for production of
This will put people to work in construction and retooling and
retain American jobs for products we want/need. The significant
increase in production will drive costs down for solar panels and
help to alleviate our dependence on oil.
Call it General Solar.
Just my .02.
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