If the goal is to save the rest of the economy, that's simple. All Congress has to do is to fund the General Services Administration to purchase a to-be-defined number of US-manufactured automobiles (defined as over 90% US-content). That would result in the movement of existing inventory (and influx of cash to the sellor(s)). The new cars can be distributed in any manner Congress decides, such as:
1) cars to schools for drivers education programs;
2) cars (adapted accordingly) to military personnel upon release from a military hospital for war wounds;
3) a swap of junker-for-new-car to citizens in dire need (but they can't sell the car!);
4) and many other ideas that can be dreamed up to help the less-fortunate.
This "giving away of money" with nothing tangible in return gets all of us nothing. GM, Ford and Chrysler cannot survive without sales, especially of existing inventory. If that doesn't happen, what has been accomplished other than a short-term wage supplement? If the Big-3 keep making cars that further glut the existing inventory, what good is that? They MUST move the existing inventory via sales or they may as well throw all of the parts and product into the ocean!
What is it that I don't understand? ? ?
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