ppaw - that's a brilliant idea that actually makes some sense! If something has to be done -- and I think that's an incorrect statement -- then something like this would be my preference. It would actually help the economy, the workers, and everyone in between. Good thought.

Because of that, it'll never happen.

Thanks for your comments!
2Cents | Homepage | 12.09.08 - 11:20 am | #

AUTO BAILOUT OPTION

Please consider this option for the auto bailout. This will make Congress look like heroes to the American taxpayers and help the auto manufactures.

The auto manufactures would be able to sell 2.5 million vehicles which would keep people employed and the taxpayers would get a benefit from the bailout money which came out of their paid in taxes.

Instead of just giving the auto manufactures $34 billion dollars for a bailout, give each person who filed an income tax last year and made less than $100,000.00, a government voucher for $20,000.00 to be used toward the purchase of a new American made vehicle.

I ’m not sure exactly how many people would fall in this category but the figures could be adjusted. Vouchers could be only good for the original holder and the car dealers would have to verify with the federal government that the voucher presented to them was truly sent to the person trying to use it and the vehicle would be titled in that name.

The $20,000.00 cap would keep sales targeted toward the smaller, more energy efficient models.

It is a win-win situation.
ppaw | 12.04.08 - 12:43 pm | #