A Plan to Bailout the Auto Industry
How about this for a plan to bail out the auto industry and reduce our foreign oil dependance:
Instead of giving the loan or bailout directly to the auto makers, let's give it to the consumer.
If you have a vehicle that gets less than 20mpg, the Federal Government will buy it from you AT BLUE BOOK VALUE with a "coupon" for the amount that is only good for purchasing a new automobile that gets at least 30mpg.
These low mileage vehicles can then be sold, as they are now, at a profit to Brazil, which, thanks to their own oil policy, can afford low mileage vehicles.
It's a win win win for everyone.
What do you think?
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