Save the American Car

Just some thoughts after speaking to an auto sector analyst buddy on how to solve the mess the big 3 are in . . .

1. Buy the big 3 out at current market cap plus 20% (around $10 billion) and put a couple of cpa's in charge who just pay bills. Sell all perks like $33 million jets, and fire board and all top brass. Minimal pensions for these jokers.

2. Combine them all into a single holding company, gov't takes over pension liabilities, (pension benefit guarantee corp (tax payer) is going to have to do this anyway)

3. Stop all manufacturing immediately/retool all plants/ww2 took 5 months to retool keep 10 brands but must all be hybrids or all get minimum 35mpg.

• sell all current stock at dealerships for cost plus reasonable profit. Taxpayers tote note.
  
• construction boost to plant regions.
• pay workers during process (unemployment benefits anyway if detroit goes boom)
• employees have to accept pay freeze for 5 years.

4. put all employees on gov't health plan.

When things are going better, allow the company to go public, pay back the taxpayers FIRST.

-Prodigal Son