Let's start by bailing out industry that produce good that are not wanted by consumer, who said car manufacturer?
Wait for the next one! in particular look for tax on import or wage control.
Wednesday, November 19, 2008
How to turn a recession into a depression
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But what is the point of putting money in car manufacturers? Like GM. Let them go bankrupt. There is no point of paying them to produce big 4x4 that nobody wants to buy anymore.
Instead, we better support with the same money the people that GM makes redundant.
For example it has been calculated that giving the money to the redundant staff of GM isntedad of to the company wouldgive $150,000 to each person. Not bad as a redundancy package ...
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