Uh Huh that's right. Instead of spending $25,000,000,000 bailing out the big mediocre three why not invest in Toyota, Honda and/or BMW! All three have BIG plants in the US employing thousands of Americans for gosh sake! (BMW has a thriving plant 90 miles from me in Greenville SC).
So here's why...
- First it's a better investment -- these companies are already winning in the marketplace
1a. they would better know how to put the capital to work
- The investment would impact American workers/economy more immediately & longer term
2a. It would help foreign companies -- so what! they own a LARGE piece of America anyway (get over it)
- How would it work?
3a. Make the investment contingent on adding capacity or fast track building of new plants in the US -- better to have successful companies building on success versus failed ones retooling in the hopes of success.
- Why would it work?
4a. If the medium three went under there would be a supply (capable/motivated workforce) and demand (replace GM, Chrysler, Ford car volume) opportunity of epic proportions.
That's it. Bold yes. Simple yes. Smart yes. Congress has asked the car-makers for a business plan geesssh can you imagine reading that? versus asking BMW or Honda what would they would do with $20 billion?
**Oh and one more thing take the VOLT project, choose a joint venture partner Honda, Ford or BMW put a/the Steve Jobs in charge and give him** 12 months to get it to market...well you get the idea! (**yeah I know...but he didn't know anything about the music or phone biz either.)