Sunday, November 16, 2008

My Two Point Plan Alternative To The Pelosi Three Point Plan For The Auto Maker Bailout

Here's the Pelosi Three Point Plan(from Detroit News).

The auto industry's survival plan must meet several conditions, Pelosi said:

• Restructure the automobile companies to ensure their long-term economic viability;

• Meet standards for fuel efficiency that ensure the competitiveness of U.S. autos, including new fuel-efficiency standards; and,

• Deploy advanced vehicle technologies required to compete in the domestic and global market."

Here is my Two Point Plan.

• Buy Toyota and Honda with this bailout (TARP) cash and let congress run them for a few years.

• Remove all congressional restrictions on the Big Three.

GM, Ford and Chrysler won't have any more trouble selling cars in this country or any other.

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