Gunny G: Well, OK–But Only w/The Provision We Must Choose SUVs ONLY!

Give the $25 Billion to the American People to Buy New American-Made Cars! (Vanity)
vanity ^ | Dec. 1, 08 | Repeandproudofit

Posted on Monday, December 01, 2008 6:19:15 AM by REPANDPROUDOFIT

If the $25 Billion Automakers/UAW bailout is approved, two things need to happen:

1)Require full public disclosure of the health care package that is enjoyed by the UAW’s 780,000 retirees. They keep these benefits FOR LIFE. No Medicare for them at age 65. They get health, prescription drug, dental, vision and hearing benefits; again, FOR LIFE. Is it any wonder the UAW needs supplemental funds? I think the American people would riot if they saw what our money is buying. The unions insist that these benefits cannot be taken away because they won them in contracts with the auto makers. The Rolls Royce version of health insurance remained acceptable as long as the company/union was paying for it. When I start paying for it, it is time to bring it down to reality.

2)Structure the bailout in such a way as to encourage people to buy American-made cars! This could be done in the form of generous tax cuts. People are going to continue to need new cars. But, fewer and fewer people are going to buy a car from a company that is only in business because the government pays part of its bills? That is one purchase where you want your manufacturer to be around for a few years! Instead of a handout, give a generous tax break ($5000, $8000, $12000 over a four or five year period) to purchasers of NEW American-made cars. The car companies would enjoy increased sales and the public would get something for their money! They talk about all the “cottage industries” that depend on the auto makers survival. This way you help all of them, not just the big guys. If the companies fail to change their ways and do not use the money wisely, that is their problem, NOT OURS!

(Excerpt) Read more at reuters.com …

Ref
http://www.freerepublic.com/focus/f-news/2140702/posts
(see responses. etc.)

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R. W. “Dick” Gaines
THE “G” BLOG. @WordPress.com
http://gunnyg.wordpress.com/
(AKA: Gunny G’s  Globe and Anchor Online….)
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