You are hereBlog / My criteria for an auto bailout
My criteria for an auto bailout
Commenting on the proposed auto bailout:
This is my criterion for a bailout. Create a viable plan to overhaul the U.S. auto industry for the 21st century, and in ten years we'll be happy we bailed them out. (Like the Reagan-era Harley Davidson bailout.) Fail to do so, and it'll be money down the toilet.
Former GOP House Speaker Newt Gingrich said young voters, who overwhelmingly supported Obama over Republican John McCain in the presidential election, could get turned off by expensive corporate bailouts that they will eventually have to pay for.Not if the fuel efficiency benchmark in 2 years is 45 MPG; not if the GM lineup includes a globally competitive, true to promise Chevy Volt; not if every Ford sedan comes in gas-hybrid and plugin-hybrid models. But yes if they continue marketing monster trucks to families and pretending 35 MPG is innovative.
This is my criterion for a bailout. Create a viable plan to overhaul the U.S. auto industry for the 21st century, and in ten years we'll be happy we bailed them out. (Like the Reagan-era Harley Davidson bailout.) Fail to do so, and it'll be money down the toilet.