Friday, May 8, 2009
Why can't the majority of our auto workers be retrained for producing green vehicles or other green technologies (solar, wind turbines, etc.), along with retooling the factories? The government could use stimulus money to establish a management team to retool the factories and workers for these new production possiblities (rather than just throwing money at Fiat and making the workers continue to experience paycuts and layoffs). Then after getting the new endeavors up and running, sell them off to the highest private bidders. This would be similar to what many have suggested we do with the banks (nationalization) to get them healthy again. We already have a defacto policy that does this, the problem is we (the taxpayers) have no control and only get to experience the losses rather than the upside.