Saving GM

The U.S. Government should loan GM 48 billion dollars! Since their inception, the Japanese and South Korean governments have protected their industries and particularly their car industry. It is now time for the U.S. gov't to help out our car industry.

This loan by the U.S. gov't should be supplemented with another assist mentioned in a previous article. (That is if someone purchases a vehicle from GM, Ford or Chrysler, they should receive a 20% rebate of that vehicle's MSRP from the U.S. gov't).

Japanese and South Korean Governments have put up barriers to imported automobiles. This not only helped their auto industry to flourish, but the U.S. allowed practically all the cars they could manufacture into this country. A modest tariff of 5% should be put on all Japanese and South Korean automobiles, including their autos made here in the U.S.

It is imperative that these steps be taken to aid these U.S. companies, otherwise there may be little left. And the thought of an upstart auto company is unrealistic. Car manufacturing is far too complicated and is done on a massive scale. It would take far more money than suggested above to start an automobile company from scratch.