4 ms·
The best idea I've heard (can't find source right now) is for the gov't to BUY $100B worth of cars over the next 4 years, replacing their own fleet. A big chun
by sanj 18y ago
The best idea I've heard (can't find source right now) is for the gov't to BUY $100B worth of cars over the next 4 years, replacing their own fleet.
A big chunk of that (the $25B floated) could be handed over now in order to design a fuel efficient, safe car with appropriate eco-awareness (hybrid, flex fuel, all electric). This is similar to how military contracts are structured.
The bidding could be thrown open to any company that uses American labor to get the job done: it has to be built here. But Honda/Toyota/etc. are welcome to take part.
If GM can't build the "car of tomorrow" with $25B in startup, they should fail.
- Cunard2 18y agoIf the US had free universal healthcare, would GM become viable? If the GM employee pension fund owned large quantities of GM stock, shorted it and made a fortune, would this constitute a reasonable hedge against the inevitable demise of their employer?