Saturday, December 13, 2008

My recommendations

OK!

So ya want a few $Billion to save some jobs! It's not my job that you're talking about saving, and I could care less about yours. However, I do care about the environment and the state of our economic woes. So here are a few things that I would recommend be included in the package.

#1. The Auto makers have to get out of the bed that they have been sharing with the oils magnates.

The technology has been available way too long to be ignored any longer to produce much more fuel efficient vehicles. Edison had the answer more than a hundred years ago. Electric cars are a viability today. There are much smaller companies than the "big three" who are developing EVs (Electric

vehicles) that not only have Formula 1 speeds but have the capabilities of going much longer distances between charges, with some having the added advantage of being totally recharged in a matter of minutes. Hydrogen as an alternative to gasoline in a hybrid vehicle. These are doable viables for companies with billions of other peoples dollars, mine included.

#2. Top executives have to forego their fat bonuses (or any bonuses) until they start to show profits again. And even then a cap should be imposed on bonuses. If there is that big a surplus that execs can grab hundreds of millions of dollars each year for overcharging the public for their goods, then the profits should go back to the people who supported them by buying their vehicle by lowering the price on their next years line of vehicles. I don't like the idea that I am funding some auto execs exotic paradise mansion while I'm freezing my butt trying to get the piece of crap I overpaid for started. Bonus for performance, not just because you want it. If the topped was trimmed to what was essential, there would be huge amounts of working equity. Make the people who manage to keep their jobs actually earn their pay. Some of us out here had our whole lives income based on productivity. I personally don't believe that any person should be paid for what he knows, but rather on what he does with what he knows.

#3. The unions will have to bend a little as well. I don't mean that they should have to take drastic cuts in salary, however wage cuts cannot be ruled out. Also, expectations on pay raises should not be expected until the time that bonuses are starting to flow again.

#4. The monies that you receive are not outright grants. They are repayable loans. In case of foreclosure, the Govt. stands at the front of the line for repayment. The loans should be monitored to be used for operational and development costs only, and not for repairs on Joe's swimming pool.

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