Quote:
Originally Posted by citizen arcane
The 15% Solution
One possible approach to dealing with the auto crisis - The federal government should give any one who buys a fuel efficient car from the Big 3 a 15% rebate back on the selling price. This program could have an 18 month time limit.
The total of the rebate dollars might then constitute a loan the auto makers would have to pay back.
If effective, this solution would immediately jump start US auto makers by giving them a huge advantage over the competition while they work on the remaining legacy issues. Auto makers would stay employed and no money would go directly to the car makers.
The feds might also think about underwriting an extended warranty program for this period. Again, the total dollars to do so, could constitute a loan to the auto makers
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One thung is that due to the credit freeze that may not stimulate much sales