Now, Nancy Pelosi wants to get $25 or more billion to the big three auto companies, after already loaning them $25 billion. I say make a deal that's the best deal we-the-people can get, not a sweetheart deal for the auto companies. They've blown their leverage. They've shown that their management was phenomenally incompetent.
Buy the big three-- outright. Extract legitimate interest rates that a responsible business would charge for companies at high risk.
Then, put together as part of this deal, some tax packages that reward consumers for buying from the big three-- buying the most energy-saving vehicles That way, the total package-- the purchase of the big three-- if not total purchase, then major equity-- and the setting up of tax incentives, will insure the future of the companies.
Bush and Paulson have already shown that it's okay for the government to take over major companies. This approach-- getting equity or total ownership AND interest has precedent already set. Tying tax breaks to supporting the investment in the companies AND in reducing our dependence upon oil should be an idea that receives bi-partisan support.