Why give GM $18 billion - buy it and here is how we generate millions of new jobs

Why give GM US$ 18 billion when the tax payer can buy it with US$ 3 billion?

Here is what the Congress should do instead. The Europeans, the Chinese and the Japanese are doing it already

1. The Government should use this US$ 3 billion and buy GM to have the ability to redirect all GM’s activities as outlined below (2-12).

2. Chrysler became worthless after they abandoned the smarter guys at Mercedes Benz. Chrysler is bankrupt and it would be best for all of us to let it disappear. If not, then the only option left is to merge it with the new GM immediately after the Government owns it.

3. The management in Ford is smart and the company will survive without any help from Congress or anybody else.

4. As Michel Moore said, transporting Americans is one of the most important functions our government must address. Here the only real way to do it is to buy GM to force this change to happen. The guys running it will never do it. They just burn that US$ 18 billion and after the smoke disappears they just come for more.

5. Franklin Roosevelt when facing a huge crisis ordered the auto industry to stop building cars and instead build tanks and planes – and it was done!

6. Our current crisis is different and the solution is also different.

7. In Europe, e.g. in Spain the country is building high speed trains and train lines all over the country including the connection to the rest of the Europe that is waking up to the same change. Why will they all recognize this needed change?

8. It is because it is less expensive and more convenient for people to use a high speed train on all flights that last up to about two (2) hours.

9. This results to huge saving in the use of the fossil fuels.

10. The airplanes can be competitive only on the long flights as most of us has always “known”intuitively.

11. The Big 3 (now 2) are to build only cars that do not use fossil fuel as their primary source of energy and even more importantly they must start building trains, buses, subways and light rail. A corresponding public works projects across the country will build the rail lines and tracks.

12. This all will not only save millions of jobs, but will create millions of new ones


What happens next you can check from http://www.galacticwind.com/eternity/Future.htm