Screw that I want a stake in the company.
I want them to get rid of the CAFE rules which are harming these companies.
It’s money down the UAW drain. US auto companies should declare bankruptcy, restructure without unions and onerous pension plans under Chapter 11 reorganization plan, and move most of their plants to South, where other (”foreign”) auto manufacturers strive. Without much debt (exchanged for equity under reorganization) and the union yoke, they can become just as successful in the future.
That would save US auto industry, will eventually employ more people in automobile supply chain industries, and would do a wonderful service to 2010 Census. Let the parasitic governments of Detroit and Michigan go bankrupt, after they can no longer bleed their industries and American consumers and taxpayers.
The focus on “greedy CEOs” in gnereal, while some of them may deserve it, is a red herring and is most often misplaced when the industries suffer from federal and state governments’ onerous mandates, taxes and regulations which make them financially uncompetitive.
And the unions, their willing accomplices and fundraisers, are a huge part of the problem - why feed them another $25B of taxpayers maoney? Who is going to point out the real mismanagement, by the government(s) and unions as the primary cause of troubled industries, such as was done last year here?
“Gingrich calls Detroit a disaster, draws ire” - http://www.freerepublic.com/focus/f-news/1874336/posts
By “I” do you mean “Congress”?