TruemorsThe end of GM's road show
Obama's Car Business | Photo 02
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NP! ID: 2341190
Title: Obama's Car Business | Photo 02
File Size: 504 × 392 – 78.3 KB
Created: Sun, 05/31/2009 - 7:02am
Modified: Sun, 05/31/2009 - 7:06am
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Most RecentMost Recommended Comments (2)
at 19:24 on May 31st, 2009
The real solution was tax credits. Had the administration taken the same money given to industry and stimulated spending by giving tax credits for purchasing a car, or spending in general everything would have been fine. 90% of the people still have their jobs, houses. They are scared and are holding onto their money. Give them a reason to spend and they will spend, spend, spend. How does a 50% discount (via a tax rebate/credit) sound? Not good enough, how about 70%. This money would help the companies, the suppliers etc. Perhaps it would only be for goods or services made in America?
at 02:30 on June 1st, 2009
Yes I do agree with you tax credits to consumers this is in my opinion too a better solution. I wrote about this in a previous posting, but there were quite a number comments against it.
My argument was and still is, let the consumers decide which brand and make has to survive. Now with the 50 billion bailout of GM the stage is set for many more companies to solicit for bailouts. I don't think it will take much time before this avalanche will burst.