Thursday, November 20, 2008
This is not my first economic crisis. It probably won't be my last. On my list of dubious accomplishments are brief careers as an Autoworker and a Steelworker. I could care less about investment bankers. I don't care much about automobile company executives either. I do care about the few remaining American manufacturing workers.
I've signed the online petitions and sent emails to my elected officials, yawn. I want some of this bailout money to go to the auto industry. Failing a better plan, it seems like an idea worth trying.
However, Carl Bloice at The Black Commentator might just have a better plan: "Nationalize the industry." I like it.
Here's part of what he suggests:
"The potential devastation of bankruptcies in any part of the auto industry is being understated. There are a couple of million retired autoworkers whose pensions and health care coverage are at stake. Many of them have yet to reach the age for receiving Social Security and yet would be severely disadvantaged in today’s labor market. Then there are the millions employed in auxiliary services dependent on auto making.
We could simply takeover the industry with the understanding that thousands of engineers and technicians would be mobilized to design and make functional and efficient “green” cars. And, tens of thousands of auto workers could be put to work building them. Of course, this would not employ all of those about to be laid off. They could be retrained to work in other new green industries, building wind turbines, solar panels, mass transit lines and recycling factories. It would provide jobs for hundreds of thousands and provide new hope for young people entering the workforce in Michigan, Kentucky and elsewhere."
Makes some kind of sense to me.
Posted by Your driver at 11:37 AM