US Auto bailout rejected
Out of context: Reply #63
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- SteveJobs0
bail them out, but give every American a share of their stock in return.
also, ensure their plan is to eliminate all but one 8 cylinder models from their line ups.
each should provide a viable plan for ensuring that at least 80% of their production vehicles use an alternative fuel source by the end of 2010. this aggressive timeline will require a bigger workforce for the automakers as well as relevant 3rd party's.
ALL executives with paygrades above 500k, should take a significant paycut to help ensure the survival of the company.
All private jets should be sold before bailout begins.
Appointed czars who will report actions within each company - their communication with the government should be transparent and within public view.
finally, a gm and chrysler merge should be seriously considered.
- I likemonkeyshine
- or just sell them to bmw or vw....obsolete