Your plan does have merits, especially if the assistance is in the form of a tax rebate. Subsidizing half the cost of a vehicle is certainly out of the question - $3,000 per car will be enough to entice customers to buy American. You don't really pay out more than what you absolutely *have* to. :-)
But the problem is that GM and Chrysler need cash *now*. Many people will not qualify for a car loan, even with the rebate, because of the sucky credit situation. The automakers need to pay their operating costs until the economy improves.
Comments 1
But the problem is that GM and Chrysler need cash *now*. Many people will not qualify for a car loan, even with the rebate, because of the sucky credit situation. The automakers need to pay their operating costs until the economy improves.
Reply
Leave a comment