Thread: The Auto Bailout

The problem with the auto industry is that everyone from the assembly line to the private offices are being payed way too much. We can thank greed for this. It's insane for me to think that 50 dollars an hour is a fair wage to virtually stand in one place. Also like others have allready said does doing your job like your supposed to warrant bonuses in the millions? Isn't that what their salary is for? The auto industry wants to blame the decline in sales as the problem. Well here's a solution. Instead of loaning them the money and losing it anyway through bad business practices. We should buy their products. Only models that get 30 miles per gal or better. This will give them the money their asking for through sales. What to do with all these cars the government just purchased. I say hold a lottery with eligibility requirements. Those being an annual income of single tax filers making 20,000 a year or less. And married filers making 50,000 a year or less. Will there be enough autos to go around? No but at least taxpayers as a whole would get something for their money. Not just flushing it down the toilet like we are doing on wallstreet.